The Shanda Sharer Scholarship Fund was established in January 2009. The fund planned to provide scholarships to two students per year from Prosser School of Technology in New Albany; one scholarship to a student who is continuing his or her education, and the other scholarship to a student who is beginning his or her career and must buy tools or other work equipment. By November 2018 Shanda's mother Jacque Vaught stated that the scholarship fund had been depleted and is no longer accepting donations.