From 2006 to 2020 the Bascom Hill Society, the major donor honor organization of the University of Wisconsin Foundation, offered a full one-year scholarship to a rising junior or senior with financial need who combined academic excellence with demonstrated leadership ability and outstanding service to the university or their community. The scholarship covered full tuition (in- or out-of-state), fees, books, and room and board for one year of undergraduate study at the University of Wisconsin–Madison. One scholarship was awarded per year.
In 2021 the focus of this scholarship will shift to incoming freshmen and the Undergraduate Academic Awards Office will no longer administer this award.