The 423 Fund
2026 Scholarship Program
Application Will Open April 1st, 2026. Deadline is June 15th, 2026 by 11:59pm.
Dear Scholarship Applicant,
The 423 Fund and the Rho Iota Lambda chapter of Alpha Phi Alpha Fraternity, Inc. are excited to provide two scholarships in the amount of $750 for an eligible student in their noble pursuit of higher education. Scholarship funds will be awarded upon evidence of matriculation in an accredited technical, vocational, two-year, or four-year accredited institution and will be paid directly to the institution’s bursar office or the department that manages financial accounts.
Below, you will find information regarding the criteria and eligibility, submission requirements, and deadlines for our 2026 scholarships.
Criteria & Eligibility
Applicants must be a graduating high school senior attending Chesterfield County Public Schools or a resident of Chesterfield County in the year of the award.
Applicants must meet all of the criteria for the award in which they are applying;
Applicant must possess at least a 2.5 grade point average;
Applicants must demonstrate community involvement, academic excellence, and plan to attend an accredited technical, vocational, two-year, or four-year accredited institution;
Applicants may not be related or a dependent of any board member or staff of the 423 Fund.
Application Submission Requirements
Application packets must include the following in order to be considered:
Completed and typed application;
Two (2) letters of recommendation from a teacher, administrator, counselor, or an individual with significant knowledge regarding the applicant’s experience and involvement;
A resume outlining employment, extra curricular activities, honors, awards, and/or community service;
An official and recent transcript with your cumulative grade point average. Transcripts can be unsealed and uploaded with your application.
A personal essay of no more than 750 words, double-spaced and 12 point Times New Roman in APA 7 format. Please carefully review your essay before submission.
All requested documentation must be submitted to be considered. No exceptions. Please review your application before submission.
2026 Scholarship Awards
The Sphinx Award
Alpha Phi Alpha Fraternity, Inc. develops leaders, promotes brotherhood and academic excellence, while providing service and advocacy for our communities. This award will be granted to a high school student or current undergraduate student who is a dependent of an active and financial member (provide Alpha ID #), and has exemplified exceptional leadership abilities, academic excellence, and a demonstrated track record of community service.
The President and Chairman's Scholastic Achievement Award
The President and Chairman's Scholastic Achievement Award is a prestigious scholarship recognizing outstanding academic excellence, leadership qualities, and a commitment to intellectual growth. This award will be granted to applicants pursuing a career in public service, the nonprofit sector, human service and social justice oriented work, science, technology, engineering, mathematics, or education.
Application Deadline
The deadline for scholarship applications is Monday June 15th, 2026 by 11:59 PM, no exceptions. Applicants will be notified by Monday July 13th, 2026.
Please do not hesitate to contact our scholarship team if you have any questions, concerns, or need additional information email info@423fund.org. We look forward to reading your outstanding materials and we wish you the best as you pursue higher education.
Best regards,
2026 Scholarship Committee
423 Fund Board of Directors