Leopold Schepp Foundation

Website: The Leonard Shepp Foundation

The Foundation was established in 1925 by Leopold Schepp. His objectives were to encourage young people to develop good character and to help them complete their high school education, an opportunity he never had. In 1932, in recognition of the changes in society which made a high school education universally available, it was decided to change the focus of the Foundation to include young men and women interested in full-time undergraduate and graduate study.
The Foundation grants approximately 200 individual awards each year to both full time undergraduate students enrolled in four year bachelor programs and to full time graduate students.
Primary considerations for awards are:

1. CHARACTER. References are required from academic deans or advisors, employers, and personal associates.

2. ABILITY. Academic transcripts are required and must reflect a minimum GPA of 3.2 on a 4.0 scale.

3. FINANCIAL NEED. Awards are based on demonstrated financial need. The maximum annual award is $8,500. Applicants must submit copies of their and their parents’ most recently filed income tax returns. A detailed estimate of academic expenses and resources is required.

Eligible scholars are expected to apply for financial aid from all possible sources including federal, state, college and university funding. The Foundation does not provide funding to cover debts already incurred.

There is no specific deadline for each school year, there will be an automatic cutoff once a sufficient number of requests have been received. Renewal applications for the subsequent year will be sent directly to returning scholars in November.  

1. Undergraduates must be under 30 years of age at the time of application. Graduates must be under 40 years of age at the time of application.

2. Applicants must have a minimum GPA of 3.3 on a 4.0 scale and must enroll full-time in a four year bachelor degree or approved graduate program.

3. PhD candidates who have only the dissertation to complete and who are not enrolled in class full-time are not eligible.

4. High school seniors are eligible to apply during their senior year in high school for their first year in college.

5. Applicants must be citizens or permanent residents of the United States.


6. Scholars who are requesting aid for a second degree at the same level for which a degree has already been awarded are not eligible to apply, for example, a second Bachelor’s Degree or second Master’s Degree.

7. Due to limited funding, the number of applications given to students enrolled in graduate study at medical, law or business school is limited.

8. A personal interview in New York City is required of all applicants. Travel expenses are not reimbursed.

9. Students who have previously applied for a Leopold Schepp Foundation Scholarship and who were denied an award are not eligible to reapply.

Student Type
  • freshman
  • sophomore
  • junior
  • senior
  • graduate
Citizen Type
  • US Citizen
  • Permanent Resident

1. Carefully read the eligibility guidelines before submitting your Request for an Application.
(All forms must be opened and completed in Adobe Acrobat)

2. If you meet all the eligibility guidelines, download and print the Request for an Application.

3. Return your completed request to:

The Leopold Schepp Foundation
950 Third Avenue
31st Floor
New York, NY 10022.



4. The Scholarship Committee will determine your eligibility for a formal application. If you meet all the eligibility guidelines and funds are available, you will be emailed a link to instructions and the formal application forms. Make sure you add the Schepp Foundation to your email “Safe Senders” list.

Before submitting your request for an application, please read the following:


Contact Information

Leopold Schepp Foundation 551 Fifth Avenue Suite 3000 New York, New York 10176 -2597