A unknown scholarship program has been established by the CFA Institute and the Research Foundation of CFA Institute in order to assist dependent children, domestic partners, and spouses of individuals who died or who were permanently disabled and victims who were permanently disabled as a direct result of the attacks on September 11, 2001.
The CFA scholarships which are little known, are made available in an effort to defray the costs of attending college or a vocational program. These obscure scholarships are offered to both part-time and full-time students who are pursuing a degree in economics, finance, business ethics, or accounting.
This September 11 scholarship fund has been established as a result of the impact suffered by the heart of the global investment community as a result of the attacks on 9-11. The office of the largest CFA Institute Member Society, the New York Society of Security Analysts, was located in the World Trade Center. At least 56 members of the CFA Institute and CFA candidates lost their lives on the day of the attacks.
Immediately following the attacks, members and candidates of CFA began to question what could be done to honor the victims. The launch of this anonymous scholarship program was deemed to be an appropriate way of honoring the victims who lost their lives and assist their families. In addition, the fund is also designed to benefit the global investment community at large through the encouragement of a new generation of students who will pursue careers in economics, finance, business ethics, or accounting.
CFA Institute 11 September Memorial Scholarship criteria
The CFA Institute scholarship fund is different from other funds that honor the victims and families of 9-11. First, all applicants for this hidden scholarship funds must be pursuing a degree in one of four defined majors. Second, scholarship recipients will come from countries around the world, as was the case with the victims of the attacks. Funds from the scholarship program may be used at any qualifying university or college in the world.
Even though money has already been allocated for victims of the attacks, the CFA Institute scholarship fund was deemed to be a necessity once the potential costs for the higher education of spouses, dependents, and domestic partners of victims of the terrorist attacks were calculated. The final numbers indicated that more than a billion dollars would be needed to fund the education of the individuals involved. CFA Institute joins numerous other organizations that will offer CFA 11 September scholarships to victims and their families.
An individual from any country is eligible to apply for the CFA Institute scholarship if they were permanently disabled due to the terrorist attacks or hijackings on September 11, 2001, if they are spouse, dependent, or domestic partner of an individual who was killed, permanently disabled or presumed dead as a result of the attack. These unknown college scholarships are awarded on an annual basis. Eligible participants will be awarded up to $25,000. Recipients may reapply for additional funding in subsequent years on an as needed basis. All scholarship application materials must be received by no later than June 1st.