The family and friends of Eileen McCaughan established the Scholarship to honor the life of an outstanding teenager who was tragically killed by a drunk driver at just 15 years old. Eileen was a Key Biscayne teenager who excelled in school and in sports. The scholarship was started over 20 years ago by local residents and has helped over fifty students obtain higher education. Scholarships are awarded to students who are academically talented, but financially needy, and wish to pursue higher education. An annual dinner is held every spring to raise money for the fund.