The Tschudy Family Scholarship is funded by investment income from a bequest by a longtime Emmett resident to provide scholarships for outstanding graduates of Emmett High School. Awards are based on academic merit, integrity and financial need. Recipients must attend Boise State University, Idaho State University, Lewis-Clark State College or the University of Idaho. The awards are $2,500 per year and are renewable for up to five years of undergraduate study and two years of graduate study. The number of new awards is determined by the amount of investment income from the endowment and the number of continuing scholars.