One facet of the Trust Association is awarding scholarships to graduating Faribault High School students and supporting classroom programs. For the 2023 year the Trust Association awarded $121,000 dollars in scholarships. These awards range in amounts from $500 to $10,000. Each scholarship recipient is screened after completion of an application. A committee from the Board of Directors is responsible for screening and reviewing all applications. Recipients of scholarships are eligible if attending a Community College, Junior College or 4-year College or University.