The mission of the UNICO Foundation is to support charitable, scientific, educational, literary, and religious purposes, primarily through offering scholarships. As a 501(c)(3) Corporation, it focuses on accepting and making donations, grants, awards, and more. The Foundation's primary project involves granting scholarships, with over 40 awarded each year, along with making substantial grants to areas like Cooley’s Anemia, Mental Health Organizations, Italian Studies, cancer research & prevention, and food bank/shelter efforts.
The UNICO Foundation, part of UNICO National, awards the Sergeant John Basilone Memorial Graduate Scholarship among its national scholarship programs. This grant provides two awards valued up to $3,000 each, intended for graduate study, dispensed as $1,500 per year. Through this scholarship, the UNICO Foundation supports the educational aspirations of individuals who reflect the mission and values of the organization, specifically targeting those pursuing advanced degrees.