The club established a scholarship fund for female students at the
Columbia University Graduate School of Journalism in 1945. It awarded the first $200 scholarship to Laura Hoyle Davis at its annual
town hall meeting in 1946. $200 scholarships were awarded in subsequent years until 1954, when no scholarship was awarded. In 1954, the club created the Anne O'Hare McCormick Journalism Scholarship in honor of the late
foreign correspondent and
editorial board member of
The New York Times who served as a vice president of the club for nine years.
The New York Times provided $10,000 of the $15,000 needed to establish the annual scholarship. The Mary E. Watts Award was named in honor of the club member and former women's editor of
The Sun. The initial $100 scholarship was given in 1962 to Jeanne Heffernan of
Troy, New York. The Eleanor Roosevelt Newspaper Women's Memorial Fund was established in 1964 in honor of the club member and former
first lady. The fund provided a
fellowship exchange program for two newspaperwomen, one from the
United States and the other from
Latin America, covering three months of travel, work, and study in the exchange country, including round-trip transportation and a $500
tuition allowance. The Joan O'Sullivan Scholarship was created in 2008 in honor of the columnist and editor for
King Features Syndicate who was also a former president of both the club and the Anne O’Hare McCormick Memorial Fund. Former club president Roslind Massow provided the seed money to establish the scholarship. ==Notable people==