The Mayo Foundation was established by the late Frank Mayo, the first President of the Southeast Federation of mineralogical Societies, Inc. The purpose of the foundation is to provide financial aid to qualified students in the Earth sciences and to provide financing for other educational projects of exceptional value. For many years Frank (and after his death, the Mayo family) matched all yearly donations made by Federation members, increasing the principle. Only interest generated from the principle has been used to grant scholarships given to worthy students. It is evident that continuous support is needed because as the principle grows, so will interest grow, creating more funds available for scholarships.