The 1985 General Fund is for general grants and to cover the foundation's overhead. It is what is known as the unrestricted fund. Lambda Alpha Upsilon entities and recognized student organizations from their respective campuses may apply for funding to support their mission and programs.

Latino America Unida Foundation serves to provide essential support, secure and contribute financial resources for the educational, leadership and charitable purposes of Latino America Unida, Lambda Alpha Upsilon Fraternity, Inc. in order to enrich the lives of alumnae and collegiate members and assist in improving the community in which they serve.

The Foundation provides essential support to individuals in need of resources for obtaining a university education by providing financial assistance and scholarship opportunities. The Foundation will leverage the following framework in order to provide such resources:

A. Partner with local financial institutions to provide basic personal finance education to individuals and business owners.

B. Secure financial resources through fundraisers and grants in order to provide scholarships to students pursing a collegiate degree.

C. Partner with local agencies and non-profits in order to promote their services within the community.