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In 2004 Vettriano set up a scholarship for University of St Andrews to fund a student who would not be able to attend university otherwise. The scholarship is awarded every four years. The endowment follows his financial contribution towards refurbishing the Students Association's Old Union Coffee Bar in 2002 and his involvement in student fashion shows. He was made a Doctor of Letters by the university.
Vettriano has donated several works of art to be sold in aid of charities, including the Terrence Higgins Trust. In September 2001, Vettriano donated a painting, Beautiful Dreamer to a charity auction, which was held at Sotheby's in aid of Help the Hospices. In 2008, a drawing he made of that subject sold at a charity auction in aid of the Oriel Plas Glyn-y-Weddw Gallery in Llanbedrog, North Wales in July, helping to keep the gallery open.
Vettriano donated a portrait of Zara Phillips MBE, entitled Olympia, to Sport Relief in 2008. The painting went to a charity fund-raising auction, selling at Bonhams for £36,000. In 2010, Vettriano created a postcard – alongside names such as Tracey Emin and Florence Welch – as part of a British Airways campaign for Sport Relief. The postcard raised over £2,000.
Also in 2010, Vettriano helped to raise money for the conservation movement Elephant Family by participating in an auction of donated elephant sculptures and models. Vettriano's elephant, The Singing Butler Rides Again, was the highest bid-for lot, selling for £155,000. Vettriano was also asked by First Minister, Alex Salmond to create his official Christmas card Let's Twist Again. The original painting and limited-edition prints later sold at auction for the benefit of four Scottish charities, raising £86,000.
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