The Indiana Golf Foundation encourages and promotes the attainment of higher education for high school seniors who have actively participated in the game of golf while excelling in their academic endeavors. The Foundation Scholarships and Lynn B. Shonk Scholarship are available to anyone who has participated in the Pepsi Junior Program, and the David E. Simon Scholarship is available to high school seniors who have been employed at an Indiana golf facility.

Applicants must be nominated in writing by their high school golf coach or a PGA Professional and must have a grade point average of 3.0 or higher on a 4.0 grading scale or a 9.0 or higher on a 12.0 grading scale.