The purpose of the Martha W. "Marty" Bumgarner Memorial Nursing Scholarship Fund is to raise funds through donations and charitable contributions in order to provide nursing scholarship aid to worthy applicants in the Greater High Point, North Carolina community. The fund is to be operated exclusively for this charitable and educational purpose, and no part of the Fund's net earnings or contributions will inure to the benefit of any private shareholder or individual.

To honor Marty's memory, her friends and family have established the Martha W. Bumgarner Memorial Nursing Scholarship Fund, a donor advised fund of the High Point Community Foundation.