Schwartz has stayed in touch with his alma maters: The Wheeler School and USC. In 2005, he endowed USC with its first television writing scholarship: The Josh Schwartz Scholarship. The scholarship is intended to be awarded annually to a student or students concentrating on writing for television and in need of financial assistance, who have completed a TV pilot script and first season synopsis. Although Schwartz never graduated from USC he has since worked with many USC alumni. In 2005 he gave a commencement speech to The Wheeler School.