Since the inception of the RHS Alumni Association in 1996 through the graduation of the class of 2000, a total of $16,500 has been awarded in the form of scholarships. The funding for these scholarship awards has been, and continues to be made possible through the support of alumni and associates who have joined the Alumni Association.

In addition to these scholarships, the Association has administered two other funds. One is the "Comstock Family Scholarships." These are five $1,000 annual awards ($5,000 total being split between the five students studying in the disciplines of business administration, secondary education, chemistry, pre-medicine and computer science) made at the request of the Mr. Doug Comstock ’57 from the children of Hugh and Nina Comstock. The other is the "Kathleen Westfall Barger" Memorial Scholarship," which is the result of a generous donation from Mr. Ross Barger who requested that a $1,000 memorial scholarship be presented each year in memory of his late wife Kathleen Westfall, class of '53.

The Alumni Association also helps with funding in the event a special need arises. An example of this was a $900 check being issued in response to a request by Richwood High School for emergency assistance for a student's enrollment at Marshall University in January 1999.

The Association is also active in community development projects geared toward helping Richwood become a better place to live and visit. The most notable such undertaking started in 1997 as the RHS Alumni Association began the project of renovating the former "Masonic Temple" into "RHS Alumni Hall" through a management agreement with the City of Richwood. The city had come into ownership of the building through a state grant. While this endeavor will likely never be totally finished, after lots of hard work by many volunteers and funding from private donations and the state grant, the building is now known as "RHS Alumni Hall" and is being utilized by the entire community for events, receptions and meetings.

Improvements to date to the Alumni Hall include the installation of a heat and air conditioning system throughout the structure. In the main hall a new tile floor was installed along with curtains for all of the windows. The kitchen received new counter tops, a commercial refrigerator and was outfitted with cookware and other items through a very successful "kitchen shower" fund-raiser. To make the hall better suited for large gatherings, many tables and chairs were purchased. The exterior received siding on peak of the façade while the rest of the exterior was repainted. Future plans call for a wheelchair ramp and emergency exit to the second floor.