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LUYS EDUCATIONAL FOUNDATION BUDGET TO REACH $1.2 MILLION BY END-2009
/ARKA/
May 5, 2009
YEREVAN
The budget of Luys Educational Foundation will reach $1.2mln by
end-2009, RA Prime Minister Tigran Sargsyan said Tuesday.
The foundation's program will be published soon, the premier said,
adding Luys is a private initiative and is sponsored by private
investors.
The Luys Foudnation was established last April under the patronage
of RA President Serzh Sargsyan, who is also the chairman of the
foundation's Board of Trustees. The foundation's mission is to finance
scholarships of motivated Armenian students abroad.
The foundation will launch its programs this year, with Jacqueline
Karaaslanyan, executive director, planning to move from Boston
to Armenia.
Each student will receive a $20mln scholarship grant, with the private
sector sponsoring the scholarship programs.
According to the author of the program, Arthur Ishkanyan, the program
is being carried out ineffectively, as no student has received any
scholarship since the foundation opened last year. The foundation
has not yet made a list of the world's most prestigious universities
where promising Armenian students can continue their studies as part
of their scholarships.
According to the foundation's plan, around 250 Armenian students
can annually continue their studies in the best universities of the
world. Some $3mln is to be earmarked for this pu rpose.
The Luys Foudnation was established last April under the patronage
of RA President Serzh Sargsyan, who is also the chairman of the
foundation's Board of Trustees. The foundation's mission is to finance
scholarships of motivated Armenian students abroad.
/ARKA/
May 5, 2009
YEREVAN
The budget of Luys Educational Foundation will reach $1.2mln by
end-2009, RA Prime Minister Tigran Sargsyan said Tuesday.
The foundation's program will be published soon, the premier said,
adding Luys is a private initiative and is sponsored by private
investors.
The Luys Foudnation was established last April under the patronage
of RA President Serzh Sargsyan, who is also the chairman of the
foundation's Board of Trustees. The foundation's mission is to finance
scholarships of motivated Armenian students abroad.
The foundation will launch its programs this year, with Jacqueline
Karaaslanyan, executive director, planning to move from Boston
to Armenia.
Each student will receive a $20mln scholarship grant, with the private
sector sponsoring the scholarship programs.
According to the author of the program, Arthur Ishkanyan, the program
is being carried out ineffectively, as no student has received any
scholarship since the foundation opened last year. The foundation
has not yet made a list of the world's most prestigious universities
where promising Armenian students can continue their studies as part
of their scholarships.
According to the foundation's plan, around 250 Armenian students
can annually continue their studies in the best universities of the
world. Some $3mln is to be earmarked for this pu rpose.
The Luys Foudnation was established last April under the patronage
of RA President Serzh Sargsyan, who is also the chairman of the
foundation's Board of Trustees. The foundation's mission is to finance
scholarships of motivated Armenian students abroad.