The Adam Smith Enterprise and Education Foundation, also known as Adam Smith Foundation, is supported byAdam Smith Foundation logo Fife College and was established in 1997 to improve and extend opportunities for students. It has disbursed over 967 scholarships and awarded nearly £500,000 since it was created.

Through partnership with businesses, charitable trusts and individual donors the Foundation has developed a Scholarship Programme which provides recognition, a financial award, and in some cases, work experience, internships and trips to support and encourage students to achieve their full potential.

Some scholarships have also resulted in apprenticeships and job opportunities for students which is great news. 

All funds received from donors are transferred directly to the successful students and no money is retained by the College/Foundation.

These awards make a huge difference to the students and are used to provide direct assistance to support their studies in what are challenging financial times. Over the years students have used the money for a range of equipment/materials such as laptops, hairdressing scissors, software and textbooks.​​