The James W. and Betty Dye Foundation was established to provide scholarships toward tuition for qualified high school graduates at selected high schools in Northwest Indiana. Jim and Betty Dye Scholarships are awarded to high school seniors to recognize academic achievement, demonstrated leadership, and future potential.

Of special interest to the James W. and Betty Dye Foundation is the economic development and general welfare of Northwest Indiana. The Foundation believes a better educated population will enhance the quality of life for all its citizens. While not a specific criteria for receiving a scholarship, some of the ideals of the Foundation will be realized if those who benefited from the Jim and Betty Dye Scholarship program live and work in Northwest Indiana following graduation from college.