The Baird Fire Scholarship is a program that helps foster and cared-for children around the world. The Baird Fire Scholarship is designed to help foster children or any children in various care situations who will need a base for launching into the university or working world when they finish secondary school. It is a stock portfolio plan that awards children a weekly allowance for doing well in school and acting within the three precepts of the Baird Fire scholar. A savings/investment account will be set up for each child in the program, and monthly installments will be added, according to how well the child did in school during that month.

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The student will be able to access the funds for setting up in life after secondary school.