The Gallipoli Scholarship Fund was founded in 1996 as a result of a donation from a World War I Veterans Association which had met annually prior to Anzac Day for a number of years at the Merrylands RSL Club, in western Sydney. Now the Gallipoli Scholarship Fund seeks to perpetuate among young Australians an understanding of those enduring traditions of perseverance, courage, self-sacrifice and mateship that were established so indelibly in the cause of world peace at Gallipoli, and thereafter on other battlefields and peace operations.

The Scholarships provide financial assistance to the most deserving and meritorious Australian applicants, commencing their first year of tertiary study at a University or TAFE at Degree, Diploma or Advanced Diploma level, in the year of application, as well as two specific Scholarships for second and third year Gallipoli Scholars. From 2021 scholarship applicants must be an Australian citizen who is a direct descendant of a Service man or woman who has served in the Australian or New Zealand Defence Force in any conflict or peacekeeping role since the First World War.