The Anderson Niskanen Scholarship Fund provides financial assistance for graduating seniors from Duluth public high schools who are in financial need for post-secondary education at the University of Minnesota Duluth or the University of Minnesota-Twin Cities. Graduating seniors in the top 25 percent of their class from a Duluth public high school may apply.

Generally, awards are divided into spring and fall installments and are renewable for four years, assuming proper academic progress (GPA of 2.5 or greater). Depending on the availability of funds, full-time summer school attendance may be awarded if sufficient credits are earned.

Suama Niskanen Anderson established the fund in 1998 as a memorial to her husband, Elmer Anderson, and her sister, Saima Niskanen. The Andersons were longtime residents of St. Louis County.