THE FOUNDATION SPONSORS A SCHOLARSHIP PROGRAM WHICH INCLUDES TUITION, FEES, ROOM AND BOARD FOR 4 YEARS AS LONG AS THE STUDENT MAINTAINS A 2.0 AVERAGE. IN ORDER TO BE NOMINATED, STUDENT MUST BE A RESIDENT OF RUMSON OR FAIR HAVEN (AT LEAST THROUGH HIGH SCHOOL YEARS) WITH AVERAGE GRADES (B- TO C). FINANCIAL NEEDS OF THE STUDENT ARE EVIDENCED BY A FAFSA REPORT. THE PROGRAM IS SEARCHING FOR A "LATE BLOOMER" WHO LACKS ENCOURAGEMENT TO ATTEND COLLEGE, WHO MAY HAVE "FALLEN THROUGH THE CRACKSWHO MAY HAVE HAD A LIFE-ALTERING EXPERIENCE. STUDENT MUST BE WILLING TO ATTEND COLLEGE OUTSIDE OF NEW JERSEY. THE FOUNDATION ALSO MAKES CONTRIBUTION TO OTHER TAX EXEMPT ORGANIZATIONS.