Scholarship Helps Families in the Battered Financial Services Industry : Gordon A. Rich Memorial Foundation Expands Scholarship Criteria

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Each year, the Gordon A. Rich Memorial Foundation (http://www.gordonrich.org) awards college scholarships worth $50,000 over four years to five students whose parents or guardians work in the financial services industry. Because of the magnitude of lost financial jobs, the Foundation has recently expanded its criteria to encompass students whose parents or guardians have, or had, a career in finance.

We wanted to make sure those families weren't excluded from the scholarship so we broadened our criteria to include families who had worked in the industry, as well.

"Many families in the financial services industry have fallen into economic hardship because a parent is now unemployed," said MaryAnn Rich, the widow of Gordon A. Rich, in whose memory the scholarship was created and a director of the Foundation. "We wanted to make sure those families weren't excluded from the scholarship so we broadened our criteria to include families who had worked in the industry, as well."

The Gordon A. Rich Memorial Foundation is now accepting applications from high school seniors for grants beginning in the 2009-2010 academic year. The need-based scholarship supports the higher education goals of five students each year who are awarded $12,500/year for four years.

Scholars must demonstrate high academic achievement, integrity of character, potential leadership and financial need. The application deadline is Saturday, February 28, 2009.

About The Gordon A. Rich Memorial Foundation

The Gordon A. Rich Memorial Foundation was created to honor the memory of Gordon A. Rich, a man of extraordinary talent, energy and persistence with a passion for life. Gordon was extremely bright, hard working, a superb athlete, an accomplished pianist, a master chef and wine connoisseur, an advisor to corporations and their leaders and a loving father and husband. His effusive personality combined with a genuine interest in the well being of others yielded him a plethora of friends from all walks of life. For more information, please visit http://www.gordonrich.org.

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