The Diversity Scholarship Fund was established by the AAA-ICDR Foundation through a special gift by the American Arbitration Association. The Fund provides diverse students/professionals with up to $2,000 of financial assistance towards participation in a degree program or fellowship in alternative dispute resolution or attendance at a well-recognized conference. The mission of the Diversity Scholarship Fund is to encourage diversity and inclusion within the field of ADR by supporting the pursuit of knowledge and skill development through training experiences that encourage inclusive leadership growth in the field of ADR.

In addition to these individualized grants, the AAA-ICDR Foundation has established diversity scholarships at Howard University and North Carolina Central University, two historically Black colleges and universities that offer certificates in dispute resolution programs in their law schools.

Both scholarships involve a three-year commitment of $150,000, $50,000 annually, to award scholarships to second- or third-year law school students in certificate in dispute resolution programs. Scholarship recipients will be selected yearly, in September, by each law school.