Each year the WMC holds a competition for music camp scholarships and monetary prizes. It is open to music students in central Virginia. Applicants must be recommended by their music teachers. The WMC Competition is held in the late winter, and the scholarship and award recipients perform at a Winners Recital shortly afterwards.

The Wednesday Music Club provides music lession tuition assistance each year for students whose parents cannot afford the full cost of private lessons. Applications are submitted by music teachers. Recipients of financial assistance are also supported in their development by the opportunity to perform in WMC Young Musicians Recitals, WMC Competitions, and other community events

The Club holds four Young Musicians Recitals each year in the Hunter J. Smith Auditorium at The Center at Belvedere.  In addition, there is a recital for adult students in the spring of each year. All area music teachers, regardless of Club membership, are welcome to submit their students to perform in these recitals.