The ISGCI Scholarship fund and Endowment Fund were created by proclamation in 1989 by Gem Empress XI Martini and Gem Emperor XI Scottie. Each year the Imperial Sovereign Gem Court of Idaho grants funds to LGBT students attending an Idaho School. Applicants come from a wide range of learning institutions as approved by the Scholarship Committee. Scholarship recipients are selected based upon their academic achievement and community service. Scholarships range from $100.00 to $1,000 with no more than $2500.00 give out annually. Grant recipients are announced at Coronation each July and recipients are given a complimentary ticket to attend Coronation to accept their Scholarships.
The Endowment Fund gathers and invests donations over and above the yearly Scholarship Fund limits to one day use the Endowment Fund interest to supplement larger grants perpetuity. Since the 24th Reign, the Scholarship Endowment Fund has been known as the Tom Woodward Scholarship Endowment Fund in recognition of his many years of financial support and dedication to the education of LGBT students in Idaho.