The Foundation grants approximately 200 individual awards each year to both full time undergraduate students enrolled in four year bachelor programs and to full time graduate students. Applicants must either be currently enrolled or must have completed one year of undergraduate work at an accredited college or university. High school seniors are not eligible to apply.

The Foundation also grants a small number of fellowship awards for independent study and research, usually post-doctoral, based on the recommendation of a recognized institution. These fellowships are intended to encourage research that will improve the general welfare of mankind. Because funds for such grants are limited, interested applicants should inquire as to the availability of funding for fellowships in their chosen field of study.