The purpose of the Scripps Fine Arts Foundation is to stimulate public interest in art, to develop greater opportunities for the study of art at Scripps College and to benefit the local art community. Membership is open to anyone in sympathy with its purpose.

The Fine Arts Foundation raises funds from annual membership dues as well as donations and benefit events to support monthly programs, the Scripps Art Conservation program, Scripps student internships and cash awards to senior art students. The Scripps Fine Arts Foundation Memorial Fund and the Albert Stewart Scholarship Fund provide around $50,000 a year for worthy scholarship students. The Millard Sheets Art Internship Fund supports current students undertaking a summer internship with an arts or cultural organization. The Scripps Fine Arts Foundation is a public, non-profit, tax exempt 501(c)(3) charitable organization.

Fine Arts Foundations Memorial Scholarship
The Fine Arts Foundation Memorial Scholarship was established in 1937 by the Fine Arts Foundation at Scripps College. It is awarded to Art students with financial need who have notable ability.

Albert Stewart Memorial Scholarship in Art
The Albert Stewart Memorial Scholarship in Art was established by the Fine Arts Foundation in 1965 in memory of Albert Stewart, world renowned artist and sculptor who taught at Scripps College for more than 25 years. It is awarded to a student with financial need, with a preference for an art major who has an interest in sculpture or drawing.

Millard Sheets/Fine Arts Foundation Art Internship Grant
The Millard Sheets Art Internship Fund provides stipends to current students undertaking a summer internship with an arts or cultural organization including, but not limited to, fine arts projects, galleries, graphic design, and museums. The fund honors Millard Sheets, a powerful leader in the arts of Southern California who developed the art departments at Scripps College and the Claremont Graduate School beginning in 1938.