The DPS Retired Employees Association established a Scholarship Foundation in 1995 and granted two non-renewable, one thousand dollar scholarships to DPS graduates in the spring of 1996. Each year, the number of recipients increased so that by the spring of 2000 there were ten recipients annually. At that time, the dollar amount of each non-renewable scholarship was increased as donations and bequests increased.
By spring of 2006, ten scholarships of five thousand dollars were awarded. Each of these recipients became eligible to apply for renewal each of the subsequent three years. To be approved, the recipient must be enrolled as a full-time student and must have earned a 3.0 grade point average the previous year in college.
In 2012 all scholarship awards were increased to ten thousand ($10,000) dollars.
Scholarships continue to be based on scholastic merit plus school activities and community involvement. The foundation does not discriminate on the basis of race, ethnicity, national origin, religion, gender, or sexual orientation. Financial need does not enter into consideration.
In the twenty-five years that the Foundation has awarded scholarships, each DPS high school has had one or more recipients. In addition, all racial and ethnic applicants have been represented.
As of September 2019, the Foundation has awarded over $4,075,426 to 254 DPS academic scholars to attend over 60 colleges and universities throughout the United States.
The growth and success of this program is attributable to the DPS employees, retirees, friends, and community members who have donated their time, energy, and dollars to this recognition of outstanding academic achievement by DPS graduates.