The Miss Arkansas Scholarship Foundation is a registered 501(c)(3) non-profit organization and the sole fundraising entity for the Miss Arkansas Competition. For decades, the Competition has maintained a tradition of empowering young women to achieve their personal and professional goals while providing a forum in which to express their opinions, talents and intelligence.

In 2019, Miss Arkansas candidates were awarded over $182,300 in scholarships and earned over $250,000 more in in-kind, educational scholarships.