Endowed and immediate-use scholarships enable IUP to reward students for exceptional academic and athletic performance or assist them with financial need. The following were established in 2016–17.
IUP Alumni Legacy Scholarship Dan and Marcie Radakovich Football Scholarship Computer Systems Scholarship TG Scholarship for Men's Basketball Wililam J. Grant Family Football Scholarship Gene Schmidt / Norma Altemus Scholarship for Men's Basketball Fredalene Barletta Bowers Scholarship Wayne Tinstman Sink "Shorty" Scholarship for Business Irwin Marcus and Elizabeth Ricketts Marcus Award FastTimes US Track and Field Scholarship Richard F. and Margaret C. Caruso Scholarship Dr. and Mrs. WIlliam O. Scheeren Scholarship Drs. Jozefowicz Department of Economics Scholarship Ginnie and Skip Ashton Football Scholarship Charles Davis and Robert Ensley Memorial Scholarship