The LSF grants scholarships to post-secondary students of Lao descent living in the United States and Canada; those students are not required to study in their respective countries. Donors to the fund will be Lao businesses, individuals, and private corporations. The sources and amounts of donations will be disclosed to the members of LSF on a quarterly basis.
Scholarships are awarded primarily on the basis of merit; also considered are personal statements, letters of recommendation, and other factors (i.e. essays and extra-curricular activities) indicating the extent to which the applicants are proud of their Lao heritage. Scholarships are meant as grants paid directly to students or to institutions as funds to offset tuition costs or to supplement the students' income. Scholarship recipients are required to maintain at least full-time status and a cumulative G.P.A. of 3.0 while on scholarship. Furthermore, recipients are required to dedicate at least five hours per week to tutor/mentor high school and/or junior high school students of Lao descent; this may be accomplished through the recipients' own initiative (that is, the recipients choose their own "tutoree/mentoree") or through an established program (e.g. Big Brothers/Big Sisters and The National Conference).
Applications are reviewed by the Board of Trustees, which makes final selections by majority vote.
Applications are to be received between Jan. 1st and May 1st of the same academic year that the applicants wish to attend school. Final selections shall be made public by July 1st of the same year.