Named in honor of William P. Carey, Eta 1951, long-time Chairman and major benefactor of the St. Elmo Foundation, National Fraternity leader, and alumni leader at Eta Chapter, the Carey Scholarships support members of Delta Phi in need of financial support for their academic studies.

• Carey Awards range from $250.00 to $1,000.00 and are intended to cover educational or other incidental expenses.
• Scholarship approval is limited to members in good standing.
• Strong preference will be given to applicants who have not received a Carey Scholarship previously, and generally the scholarship is not awarded to a member more than once.

Applications are submitted in October each year.

Named in honor of J. McHenry ("Mac”) Gillet, Xi 1949, a long-time alumni leader at Xi Chapter and significant benefactor of the St. Elmo Foundation, the Gillet Chapter Academic Grants recognize chapters of the Delta Phi Fraternity that achieve academic excellence, and support leadership development and training at the undergraduate chapter.

• Gillet Grants are limited to undergraduate chapters in good standing that are current on their insurance obligations and National fees.
• Grants are $4,000 per qualifying chapter.
• A written proposal should highlight how the grant will benefit the brotherhood in academics and leadership. It must also have a budget which details the manner in which the funds will be used if the award is granted. 
• Chapter GPA must be above the all-men's average for the fall semester.  
• Grants are to be used for leadership development or other educational activities within the chapter.

The Foundation Board will review candidates at the Spring meeting in April, after which time funds will be disbursed. Grades and proposals must be submitted in March each year.

St. Elmo Foundation grants have a strong bias toward grants that benefit the National Fraternity, an entire chapter, or, at minimum, a broad cross-section of a chapter, rather than one individual. Applicants for St. Elmo Foundation Grants must complete a written proposal that details the need for grant funds and the purpose for which the funds will be used. 

There is no specific deadline for St. Elmo Foundation grants; however, they will be considered by the Foundation Board during their biannual meetings in April and November. Proposals should be submitted to the National Headquarters.

• Any member earning membership in academic honor societies may have their membership fee reimbursed by the Foundation.
• There is no specific deadline for Honors Fees Reimbursements; however, they will be considered by the Foundation Board during their biannual meetings in April and November.