GIA Board of Governors Releases $65,000 for Scholarships

July 19, 2006

GIA Board of Governors Releases $65,000 for Scholarships

The Gemological Institute of America's Board of Governors released $65,000 from the GIA Endowment Fund to put toward scholarships for the 2007 academic year.

The funds are generated from the interest earned on GIA's Endowment Fund, currently valued at more than $61 million. According to GIA chairman Helene Fortunoff, the money brings the number of scholarships GIA is offering for the upcoming year to 56, totaling $250,000 — twice the monetary amount available in scholarships in 2007-2007.

Mikimoto (America) Co., Ltd. pledged support for both endowed and current use scholarships; its program will offer eight students enrollment in the Distance Education Graduate Pearls Program.

In addition, the Michael Beaudry Scholarship — named for the president of Michael Beaudry Inc. in Los Angeles, a long-time donor — is a new scholarship that will be offered in 2007. Winners of this scholarship will be awarded $28,111 to cover the tuition for on-campus enrollment in both the G.G. and Applied Jewelry Arts (A.J.A.) programs.

The annual GIA scholarship application process runs from June 15 to Oct. 15. Winners are announced in January.

U.S. citizens, permanent residents, or those with non-temporary U.S. visas are eligible to apply. Applicants must be at least 17 years old, have a high school diploma or GED equivalency, and either work in the jewelry industry or plan to enter it after completing their studies.

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