The Fund has been running successfully since 2009 based on generous donations from a small group of friends and family members of Mignon Shardlow, a former volunteer teacher on the island who now lives in Perth, Western Australia.

The Fund currently provides scholarships to 13 students from nine of the 14 villages on the island to attend the local high school.

In June 2011 the Fund was accepted as a Rotary Australia World Community Service Project  (number WR-007-2011). Donors can now make tax deductible donations to the Fund.

The Koro Scholarship Fund is a project supported by the Rotary Clubs of Freshwater Bay in Perth and the Suva North club in Fiji.

Mignon Shardlow worked at the Koro Island High School as a graduate Australian Volunteer Abroad in 1994. She met her husband, Alistair Brown during that year while he was working as a volunteer in the same Australian Government AusAid program on Taveuni Island in Fiji. They have a daughter, Koro, and a son, George, and live in Perth, Western Australia.