The Kelly Gibson Foundation, in conjunction with the Kelly Gibson Junior Golf Tour, continues the Kelly Gibson Foundation Scholarship Program. At the conclusion of KGJGT tournaments in the summer, scholarships are awarded to high school juniors or older who participated in the Oscar J. Tolmas Mentorship Program as players and mentors. The scholarships are presented at the Annual Scholarship Banquet.

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Since 2010, the Kelly Gibson Foundation and its various community partners have awarded 312 scholarships valued at $718,300.  On August 2, 2022, $62,500 in college scholarships were awarded to 28 Kelly Gibson Junior Golf Tour members. These scholarships are given based upon community service, academics, and financial need, not golfing ability.