Students at Elmwood Community Schools can benefit from two major scholarship organizations.  The Elmwood Educational Foundation (a non-profit, tax-exempt organization) was established in 1990 to provide scholarships to Elmwood High School graduates.  To encourage positive efforts by the students and to help them achieve their potential, the Educational Foundation Board developed an objective point system by which all students can accumulate points toward scholarships. Approximately sixty percent of the points can be earned academically, with the remainder through school and community involvement.

Founded in 1993, the Marie and Margaret Ekstrand Educational Trust was formed by the Ekstrand sisters who lived in the Elmwood community and were lifelong educators.  It was their vision that this trust would provide scholarship grants and financial aid to assist deserving graduates of Elmwood High School who elect to pursue college, university, trade or technical education.

Since 1991, the Elmwood Educational Foundation, the Ekstrand Trust, and other local organizations have given over one million dollars in scholarship funds to the graduates of Elmwood Community Schools. See below for a full list of scholarships offered: