The Monarch Awards Foundation offers scholarships of up to $3,000 in several categories. The scholarships are offered to graduating high school seniors attending a Chicago metropolitan area high school, or current college students who are graduates of a Chicago area high school. The awards are intended for students who attend, or plan to attend, an accredited four-year college or university to earn their first undergraduate degree. Both female and male students are encouraged to apply for these scholarships. Awardees will be selected based on a combination of their academic record with a minimum grade point average of 3.0 on a 4.0 scale, active participation in extracurricular and/or community service activities, written communication skills shown in the required essay, and two letters of recommendation.