Prudential Douglas Elliman, a large New York residential real estate brokerage firm, has pledged $100,000 for a real estate scholarship fund, to be known as the Douglas Elliman Scholarship, to the New York University Schack Institute of Real Estate. These are little known scholarships simply since it was so recently established.
The real estate scholarship funds, the first ever to be donated to the institute from a residential real estate firm, will be available to students who excel academically and who have established financial need in the fall semester of 2012. The students, known as Douglas Elliman Scholars, will be selected based on the following criteria:
1. Successful completion of over 24 credit hours.
2. Credit hours must be applied to a Masters Degree in Real Estate or Real Estate Development.
3. Students must excel academically, receiving good marks.
4. Students must establish financial need.
No more than two students will be selected to receive this little known about scholarship in real estate studies, making it a highly competitive award.
The Douglas Elliman Scholarships at NYU Schack Institute of Real Estate will spread out over five years, awarding $20,000 per year to be shared between the Douglas Elliman Scholars.
The New York University Schack Institute of Real Estate was founded in 1967 and educates around 600 full and part-time college students each year and has produced 2,500 degree holders in the real estate, real estate development, and construction management fields. The institute was established after prominent New York City real estate leaders encouraged the university to provide academic programs that would specifically cater to students seeking to enter the real estate industry as professionals.
In response to the success of the Schack Institute of Real Estate, Prudential Douglas Elliman’s CEO Ms. Dottie Herman awarded the scholarship stating, “We are so honored to be working with NYU-SCPS to invest in the future of our industry and give back to our community by way of this unknown scholarship. The Douglas Elliman Scholarship will help to guide the next generation of top real estate professionals and give students access to funds not otherwise available. As a company, we are also committed to elevating the status and professionalism of our industry with great talent, and students who complete this top-tier higher education program graduate with a high level of management expertise and are in the position to become true leaders in the future of NYC real estate—one of the most demanding markets in the country.”
Rosemary Scanlon, interim divisional dean of the NYU Schack Institute of Real Estate, responded to the generosity and expressed gratitude in response, stating that, “We are thrilled by these new scholarships and extremely grateful to Prudential Douglas Elliman for investing in the future of our students. These newly established scholarships in real estate will recognize the high achievement levels of our students, as well as significantly help students gain the comprehensive learning experiences available at NYU Schack. We look forward to this future collaboration with Prudential Douglas Elliman.”
The above little known scholarships for real estate funded by Prudential Douglas Elliman is greatly applauded by all students and colleges alike and hope that more companies will follow suit and give back to the community which supports them like they did. Successful and well liked companies have a good habit of doing just that.