Early in the history of the Fraternity, it was recognized that members would benefit from a program of financial support to help defray the growing costs of attending pharmacy programs. Beginning with funds from the general treasury, the first LKS Scholarship (now known as the Cora E. Craven Educational Grant) was given in 1962. Ten years later, in 1972, the first Dr. B. Olive Cole Graduate Educational Grant was established.
The Lambda Kappa Sigma Educational Trust was established in 1974 for the purposes of perpetuating a financial program to assist members in reaching their goals in pharmaceutical education. An Educational Grant Selection Committee and Standing Rules were adopted at the 1976 Biennial Convention in Toledo, Ohio. Effective with the 1978 Biennial Convention in Albany, NY, the Cora E. Craven, and Dr. B. Olive Cole Educational Grants have been funded by the LKS Educational Trust.
In 1986, the Mary Connolly Livingston Educational Grant was also created and funded through the Trust. In 1994, 1998 and 2003 respectively, the Norma Chipman Wells, Adele Lobraico Lowe and Marilyn & Joe E. Haberle grants were established and funded by the Trust.
