In the Spring of 1998 over 20 Rho Delt Alumni led by Pete Stamer Class of 1961 and Bruce Boylan Class of 1963 joined forces to raise money towards what is now known as the Delta Tau Delta Rho Chapter Alumni Scholarship Fund. The principal balance in the scholarship fund is now in excess of $851K. This balance funds 8 annual awards at a total of over $27,000 per year. To date over $435,000 has been awarded to undergraduate Delts to offset the cost of their education.

Awards are named based on the consensus of the committee, however, those Delt Alumni who donate $25,000 or more to the fund have the opportunity to name their award. The current list of awards is shown below.