The E. Eugene Carter Foundation primarily provides financial support for undergraduate female engineering students at public universities, with a focus upon students who (1) are of Latina origin, recent immigrants, first generation to college; (2) have sophomore standing; (3) have demonstrated financial need.

The Carter Opportunity Awards provide funds to public universities to repay federal direct subsidized loans upon completion of an awardee’s undergraduate degree in engineering.

By mid-2019, over 250 Awardees had been financed.