Since its inception, the proceeds obtained from the annual seminar are used to support mining engineering student activities at UK. Since 2010, KY-PEM used its funds to establish a ‘Professional Engineers in Mining’ account at the University of Kentucky – College of Engineering for scholarships to be awarded to undergraduate students in the Department of Mining Engineering at the Chair’s discretion.
| Year | KY-PEM Scholarship Contributions | 
| 2011 | $3,000 | 
| 2012 | $9,000 | 
| 2013 | $7,000 | 
| 2014 | $7,000 | 
| 2015 | $7,000 | 
| 2016 | $5,000 | 
| 2017 | $4,000 | 
| 2018 | $4,500 | 
| 2019 | $4,500 | 
| 2020 | $6,300 | 
| 2021 | $7,000 | 
| 2022 | $7,000 | 
| 2023 | $11,000 | 
| 2024 | $9,000 | 
KY-PEM also sponsors an annual award to a graduating senior who exhibits a ‘Commitment to Professional Practice’. The graduating senior listed in the table below received a $650 check and a framed print from Agricola’s ‘De Re Metallica’ as an award.
| Commitment to Professional Practice Award Recipient | |
| 2011 | MALLORY ANNE MILLER | 
| 2012 | AUSTIN BROCK | 
| 2013 | ADAM G. BRYANT | 
| 2014 | W. TYLER MEADOWS | 
| 2015 | ALEX B. JOLLY | 
| 2016 | MORGAN T. LANE | 
| 2017 | COLTON GRANT | 
| 2018 | M. VICTORIA KAREM | 
| 2019 | LUCAS THAXTON | 
| 2020 | CAITLIN STRONG | 
| 2021 | KYLE DESNOYER | 
| 2022 | CHRIS DAWALT | 
| 2023 | HANNAH HEADY | 
| 2024 | AMELIA FAUST | 
 
              