The merit scholarship is to be awarded to "a male student who is a resident of the town and whose academic motivation is strong. The recipient should demonstrate a high level of distinction in scholarship, citizenship and character as well as strong extracurricular interests and activities." The first Donald P. Babson Merit Award was given in 1999 to Andrew Ferrer. The award is a $1,500 scholarship renewable for four years.

Margaret Daniels died on November 29, 1976. In her will, she provided a bequest of $62,000 to the WSF and the Margaret E. Daniels Merit Award was established to be given to a deserving Wellesley girl to aid in financing her college education. Ms. Daniels provided in her will that the scholarship be created and funded by this bequest was to be "regarded as an honor and a tribute to a young person who wishes to cultivate her mind, a spur and aid to its further development.” Funding from Ms. Daniels' gift became distributable to the Foundation in 1985 and the first Margaret E. Daniels Merit Award was given in 1987 to Wellesley resident, Catherine Stickler. The award is a $1,500 scholarship renewable for four years.

+ Art scholarships for up to $800 + Music scholarships of up to $800 + A $600 scholarship for teacher training program leading to certification to teach + Majoring in voice? There is a $500 scholarship offered. + For college undergraduates or graduates majoring in Public Health, there is a $500 scholarship. + An $800 scholarship for graduate students studying Communication Disorders / Speech Therapy + Several graduate fellowships of $3000 will be awarded to women students who have maintained legal residence in Massachusetts for at least five years studying in the fields of Cancer Research or Nurse Practitioner.