The mission of the Grayville Scholarships is to provide annual scholarships to graduating Grayville High School seniors who reside within the Grayville Community Unit School District #1 boundaries and are pursuing vocational certification or a college/university degree. In the event of school consolidation, merger, or the tuitioning-out of high school students, these scholarships will be awarded to a graduating senior residing within the original boundaries of the Grayville Community Unit School District #1.

With generous donations from corporations, individuals, fraternal organizations and Grayville High School alumni and friends, two scholarships have been established: The Grayville Scholarship and The Michael D. Alcorn Scholarship.