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Metro guide

Indianapolis scholarships & local foundations

The Indianapolis metro area covers Marion County, Hamilton County, Hendricks County and Johnson County in Indiana, with principal cities including Indianapolis, Carmel, Fishers, Noblesville and Greenwood. We found 1 open scholarship whose official rules name a place in this area; the next to close is Central Indiana Community Foundation Scholarships on Feb 1, 2027.

Updated

The IRS lists 2 community foundations with at least $1 million in assets based in the area’s principal cities; the largest is Central Indiana Community Foundation Inc in Indianapolis ($583 million in assets). Community foundations hold hundreds of small donor-funded scholarships, often limited to graduates of specific high schools or residents of one county, and many use a single shared application each winter.

Statewide, 3 more open awards are limited to Indiana residents, and state aid includes Frank O'Bannon Grant. Federal Pell Grants stack on top for students who file the FAFSA.

Where local money hides: ask your school counselor for the local scholarship bulletin (many high schools keep one), check employer and union awards from your parents’ workplaces, and look at service clubs (Rotary, Kiwanis, Lions) and credit unions near you. These awards rarely appear on national sites, which is why their applicant pools are small.

Scholarships naming the Indianapolis area (1)

105 days left

Central Indiana Community Foundation Scholarships

Varies by fund (many $2,500 awards) · Central Indiana Community Foundation (with Hamilton County CF, Indianapolis Foundation, Women's Foundation of Indiana) · High school senior / college student

Students from eligible Central Indiana counties and school districts (Marion, Hamilton, Hendricks, Johnson, Madison and more); each fund has its own criteria.

Most applications open Nov 2, 2026 through Feb 1, 2027; a few funds have other dates.
IN

Community foundations in the Indianapolis area (2)

Central Indiana Community Foundation Inc
Indianapolis, IN · $583 million in assets (IRS)
Scholarships page ↗
Hamilton County Community Foundation Inc
Noblesville, IN · $129 million in assets (IRS)
Find its scholarships ↗

State aid for Indianapolis students

Frank O'Bannon Grant
Indiana · Indiana Commission for Higher Education

Varies by school type and credits completed

Official page ↗

Statewide awards open to Indianapolis residents (3)

107 days left

Community Foundation of Boone County Scholarships

Varies by fund · Community Foundation of Boone County (Indiana) · High school senior / college student

Local students in Boone County, Indiana (Lebanon, Western Boone, Zionsville and Sheridan high schools and others); each donor fund sets its own criteria.

2027 application window runs Dec 15, 2026 to Feb 3, 2027 at noon.
IN
109 days left

Jimmy Rane Foundation Scholarship

$500 to $6,000 per year · Jimmy Rane Foundation · High school senior

High school seniors no older than 20 on Aug 1, 2027, living in AL, AR, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MS, MO, NE, NJ, NY, NC, OH, OK, PA, SC, TN, TX, VA, WV or DC; financial need is a major factor.

Application opens Dec 1, 2026; application and materials due Feb 5, 2027 (recommendations by Feb 10). No late applications.
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133 days left

Community Foundation of Howard County General Scholarships

$500 to $6,000 · Community Foundation of Howard County (Howard, Clinton & Carroll Counties, Indiana) · High school senior / college student

Students in Howard, Clinton and Carroll Counties, Indiana; one portal for the foundation's many funds.

2027 General Scholarship deadline March 1, 2027.
IN

Full Indiana guide → · All community foundations

Frequently asked questions

Are there local scholarships in Indianapolis?

Yes. 1 open scholarships on this site name a city or county in the Indianapolis area, and the IRS lists 2 community foundations based there.

How do community foundation scholarships work?

Donors set up funds with rules such as a specific high school, county, major or need. The foundation advertises them together, usually with one online application each winter or spring, and matches applicants to every fund they qualify for.

What state aid can Indianapolis students get?

Frank O'Bannon Grant. Most require the FAFSA.