Friends and family of Jack Stephens created this fund to provide scholarships to members of the Parkersburg High School (PHS) girls volleyball team. The fund provides an annual award to a graduating senior member of the PHS girls volleyball team. Selection is based on financial need, academic achievement, leadership abilities, and character. Applicants must be planning to attend a post-secondary educational institution in the United States full-time, and may be pursuing 2-year or 4-year degrees or vocational studies. It is not required that the recipient be planning to play volleyball at the post-secondary institution she plans to attend.

Jack Stephens was an avid supporter of the PHS girls volleyball program for more than 15 years. Despite the distance and time involved, Stephens attended almost all of the team's tournaments, most of which are located outside of the country and last all day long. Before each game, Stephens wrote the team a letter, which he addressed to the "Volleydolls." These letters of support encouraged the team after a loss or cheered them on for another win. Booster Susan Armstrong said, "Whichever the case, he always knew what to say to bring the best out in the girls and help them mentally prepare for their upcoming games." In 2007, the girls had shirts made for the state tournament that said "This one's for Jack!" on the back. They all wanted to dominate the tournament in Stephens' honor, and his support was as strong as any coach or parent as the girls went on to win the state title. Armstrong said, "His devotion and love for these girls pushed them to strive for the very best when no one else thought they could do it. He never gave up on them!"

Jack Stephens was a loyal supporter of many other Parkersburg High School projects and initiatives for many years. A retired engineer, Stephens used his engineering background to assist with many school improvements, including preparation of the football field and track for installation of Astroturf and reinforcement of condemned bleachers; remodeling of the annex building modern dressing rooms for football, coaches offices, and a weight room; installation of an indoor work-out facility for softball with batting cages and a pitchers mound; and installation of an indoor facility for baseball including batting cages, pitching mound and storage rooms. Stephens also served as an advisor to several other committees and athletic organizations including: the PHS Foundation, the Stadium Field committee, football boosters, girls basketball boosters, baseball boosters, softball boosters and track boosters.