The Foundation has a strong belief in the value of a college oruniversity education. They believe there are high school graduates who, without financial assistance, would have significant difficulty obtaining a college or university degree. This scholarship for students graduating from or having graduated from Sheridan public high schools.

The Biddle Memorial Foundation was established in 2001 and is dedicated to advancing those issues and causes, and to empowering those people and groups, to whom Velma and Ken Biddle was devoted throughout their lifetime. They were especially devoted to supporting efforts to improve the community; to protect the environment; and to assist the disabled and other groups requiring assistive aid.

The Foundation seeks to promote human rights, education, health and hope, specifically with respect to the community of Sheridan, and generally with regard to those individuals and groups who need assistance and financial support.

The Foundation is focused primarily on providing financial support to non-profit organizations, academic institutions, law enforcement institutions and the disabled and handicapped.