In 2013, Larsen presented three students with $1,000 scholarships from the Larsen Design Scholarship fund. The fund was established in 2000 by employees and friends of Tim Larsen to acknowledge his significant contributions to design education. Since then, Larsen has awarded nearly $40,000 in scholarships to design students.
The Larsen Design Scholarship is currently open to students participating in AIGA Minnesota’s Portfolio 1-on-1, AIGA San Francisco’s Portfolio Day, and those enrolled in the design program at University of Wisconsin–Stout. For consideration, students may be asked to submit portfolio pieces, an essay, and faculty references. The award is granted based on design quality, conceptual ideas, creativity, and communication skills. Students interested in applying for the Larsen Design Scholarship should contact the organization or program with which they are associated.