The NSCC Scholarship Fund was started with donations from several early supporters of the Naval Sea Cadet Corps (NSCC). The number of scholarship awarded from this fund is contingent on the annual success of the interest and dividends invested in the stock market. However, any individual awarded this scholarship receives a minimum of $2,000.
The NLUS Stockholm Scholarship Fund was founded by the recommendation of past Navy League National President Carl G. Stockholm. The funds can be used for four consecutive years, yet only one Stockholm Scholar will be designated at a time. The scholarship committee selects the recipient every four years unless the scholar fails to meet the criteria to continue, which includes remaining in school and maintaining a minimum of a B average.
The San Diego Gas & Electric Scholarship Fund is reserved for minority students living within the service of the company. This scholarship relies on dividends from a principal amount of $10,000. Therefore, if annual funds are insufficient, there will be no award given.
The NSCC Board of Directors Scholarship Fund was founded via donations by NSCC board members and any others wanting to donate to this scholarship program. The board of directors has a goal of $25,000 as the principal balance required to begin to award scholarships based on annual dividends. Currently, funds are donated by individual donors and awarded in the scholarship's name.
Morgan and Helen Fitch contributed money for an endowed scholarship fund from the dividends of an unstated preserved principal amount. The award may be used for up to four years as long as the cadet remains in the top 50 percent of the class.
The Harry Lee and Rose Howell Scholarship Fund was established by their daughter June Howell in her will. Mr. Howell served in the United States Naval Reserve as a physician and lieutenant commander. The number and amount of scholarships is based on annual interest revenue.
The Robert and Helen Hutton Scholarship Fund is in memory of the couple as Mr. Hutton was an advocate of higher education. While his main focus was on cadets in the field of aviation, all worthy cadets are eligible for the scholarship funds.