Throughout the years, alumni and friends of the Academy have provided gifts to create endowed scholarship funds. The following are named scholarship funds at Wayland Academy:

Janet Newton Allen Scholarship
Wayland "ARISE" Scholarship
Richard Aylward Memorial Scholarship
Frederick E. and Juvannah J. Bishop Memorial Scholarship
Greg Boulanger Memorial Scholarship
Edwin Putnam Brown Memorial Scholarship
Cynthia Snyder Catlin Memorial Scholarship
Class of 1947 Scholarship
Ellis Family Scholarship
Esten Family Scholarship
Gray Family Scholarship
Susan Seippel Grow Memorial Scholarship
Magnus Hendrickson Scholarship
Dr. Weimer K. and Jean J. Hicks Scholarship
Frank X. Hochholzer Family Scholarship
Horak-Wayland Residential Scholarship
Horicon State Bank Scholarship
Ralph G. Johnson Scholarship
James Johnston Memorial Scholarship
Era and Marvin Keil Scholarship
Peter E. Lee Scholarship
S. Walter "Abe" Lincoln Memorial Award
Linfield Hall Alumni Scholarship
Suzanna Steptoe Linnell Scholarship
George J. Maye Scholarship
The Mayer Scholarship
McGregor Scholarship
Martin J. Meyer, Jr. Memorial Scholarship
Marion E. Mitchell Scholarship
Earl C. Moeller Scholarship
Romona R. and Vincent F. Nast Sr. Memorial Scholarship
Roy B. Nelson Scholarship
Harry M. Newton Scholarship
Dorthea W. and Samuel N. Pickard Family Scholarship
Carla Smith Radford Memorial Scholarship
Rauschert Family Scholarship
Reader's Digest Endowed Scholarship
Arthur Sadoff Family Scholarship
Marian Baldwin Schlicher Memorial Scholarship
Peter J. Seippel Scholarship
Stephanie Dorward Smith Scholarship
Joseph T. Steuer, Jr. Scholarship
Mary M. Swan Scholarship
C.J. Tempas Scholarship
Valley First National Scholarship
Shirley Hughes Tempas Scholarship
Wayland Scholarship
Westra Construction Inc. Scholarship
Alton E. Wichman Memorial Scholarship
Wisconsin Power and Light Scholarship
Wheeler Scholarship