The Second Century Scholarship Fund is a corporation formed by the Roman Catholic Diocese of Altoona-Johnstown to primarily accept contributions from businesses participating in Pennsylvania's Educational Improvement Tax Credit Program. It is a separately incorporated nonprofit organization established to provide scholarship assistance to eligible students, regardless of their religious background, who attend Catholic schools in the eight-county diocese. Charitable gifts to the Second Century Fund are tax deductible as allowed by law.

The Second Century Scholarship Fund allocates grants to students who are enrolled in Catholic schools in the diocese. More than 1,500 partial tuition grants were awarded for the 2005-06 academic year. As contributions to the Fund increase, more tuition grants will be made available to eligible students who attend Catholic schools in the diocese.

The Second Century Scholarship Fund is administered and managed through the guidance of a board of directors consisting of members of the Diocesan Finance Council.