The JRM Foundation values intellectual pursuits and annually supports various academic scholarships. Currently, the Foundation has partnerships established with Idaho State University, University of Minnesota, Idaho College of Osteopathic Medicine, and Aga Khan University Alumni Association of North America (AKUAANA). Prospective students are recommended and selected by an independent group composed of associated university program directors, professors, and Foundation members.
An Idaho State University scholarship is annually awarded to three students from the university in the areas of College of Arts & Letters, College of Technology, and Student Athlete.
A University of Minnesota scholarship is awarded in conjunction with their College of Education to two graduate students pursuing a degree in education for a three-month teaching externship in Bakhtapur, Nepal.
The Idaho College of Osteopathic Medicine is a single scholarship awarded to an Idaho medical student interested in pursuing a medical degree.
In partnership with Aga Khan University Alumni Association of North America (AKUAANA) scholarships are awarded to two students seeking international electives to advance their medical training in North America.