The Phi Gamma Delta Educational Foundation provides scholarships to brothers awarded on the basis of need for financial assistance, merit, leadership, and citizenship. Scholarship awards must be applied to tuition and tuition related expenses as defined by the Tax Reform Act of 1986. Such expenses include tuition and fees required for enrollment or attendance. at the educational organization and fees, books, supplies and equipment required for courses of instruction.

The Foundation has focused its resources on assisting students new to Phi Gamma Delta by rewarding them for strong grades. The Academic Achievement Award (Triple A) is awarded to newly initiated members who earn at least a 3.2 GPA during their pledging semester.

Additionally, the Beta Kappa Colony earned the highest GPA among 22 IFC On The Hill fraternities during the Spring 2019 semester.