The Robert L. Shepard Scholarship Fund was established in 1943, to aid children seeking a college education or vocational training.

The first director was superintendent, Robert L. Shepard and he directed the Home until Cheatham took over and ran it for 28 years.

[4] Founded with congressional funding, the Children's Home operates through a 30-member Board of Directors on donations from citizens, and organizations.

Members of the board of directors include the General Baptist State Convention of North Carolina with 44 member associations,[5] Women's Baptist Home and Foreign Missionary Convention, American Legion Pilgrimage Committee, Prince Hall Grand Lodge, and the Grand Chapter Order of Eastern Star.

The building that the children's home was originally located in was entered on the list of the National Register of Historic Places August 31, 1988.