The Foundation has established the Program of Scholarships for Hellenes since 1978. At first the program awarded scholarships to Greek University graduates for postgraduate studies or doctoral studies abroad. In 1998 the program started awarding scholarships for doctoral studies in Greece and in 2001 for post-graduate studies in Greece. Over 130 Scholarships for Hellenes are awarded each year for both studies in Greece and abroad in all fields of study.
Scholarships for Hellenes can also be awarded to artists across all art forms who wish to improve their technique or abilities in schools, conservatories, workshops and academies abroad.
Furthermore, the Foundation awards grants to the children of its employees, past or present, in recognition of the services rendered.
The Scholars are selected by the Board of Directors of the Foundation taking into consideration the recommendations of committees of academic advisors. The Committees consist of University Professors, Academicians, specialised Scientists and renowned artists, whose participation and contribution are both honorary and voluntary. Former scholars of the Foundation, who currently hold academic positions, are also invited to participate in these committees.