The Bernard J Lustig Memorial Scholarship is a joint project of the constituents of B'nai B'rith Victoria. It was established in 1955 to commemorate the then President of B'nai B'rith Youth Melbourne, a brilliant young barrister, who died in a car accident. It is administered by a group of trustees, currently chaired by Dr Paul Gardner AM. The value of the scholarship at present is $2,000, which is funded by income from investments, contributions from B'nai B'rith Victoria constituents and donations from the Lustig family and friends, and past scholarship winners.

The Scholarship is offered in two categories: either as a research grant to post-graduate students enrolled for a master's or doctoral thesis (not course-work), or as a travel grant for university students active in Jewish student leadership to allow them to gain relevant experience overseas. The scholarship is advertised annually in March in the Melbourne edition of the Australian Jewish News, and the trustees meet soon afterwards to determine the winner. Criteria for awarding the scholarship are academic achievement, active engagement in the Jewish community and financial need. Awards are announced and usually presented at a subsequent monthly meeting of the Victorian B'nai B'rith Council.

The 2009 Scholarship, was awarded to Nomi Blum, who was then in the final year of her combined Arts/Science course at Monash University.  In her science course, she majored in human physiology, but her principal interest was in her Arts subject.  “One of my specific passions,” she writes, “has been exploring the history of the Shoah as well as the history of Jewish communities in pre-war Europe”.   study program, partly in Johannesburg and partly in Rwanda, on the Holocaust, apartheid and the Rwanda genocide.  Her aim is to draw upon this experience to develop curriculum materials that could be used by schools, youth movements and Jewish student organisations.

The Scholarship is the longest-running such award in the Victorian Jewish community, and is B'nai B'rith Victoria’s longest-running continuous project.