The Scholarship Foundation guarantees scholarships of $30,000 over four years ($7,500 a year) to eligible children of the following:
- Children of Marines and veteran Marines whose parent was killed in the terrorist attacks on September 11, 2001.
- Children of Marines who were killed in combat operations or during a Department of Defense operation, training exercise, or domestic terrorist incident on or after September 11, 2001.
- Children of Navy Corpsmen, Chaplains or Navy Religious Program Specialists attached to a Marine unit who were killed in combat operations or during a Department of Defense operation, training exercise, or domestic terrorist incident on or after September 11, 2001.
- Children of Marines, Navy Corpsmen, Chaplains or Religious Program Specialists attached to a Marine unit whose parent died by suicide as a result of combat related Post-Traumatic Stress.
