The Nolan Ryan Foundation works year-round to raise funds for its scholarship program. Since the inception of the program in 1990, the Foundation has awarded over $200,000 in college scholarships. In 2016, the program was elevated by establishing a scholarship endowment fund that now awards scholarships up to $16,000 that are renewable for up to four years. Currently, the Foundation partners with the Round Rock ISD Partners in Education Foundation to provide scholarships for deserving local students.