Financo Scholarship Fund is Established
In January 2008, Financo, Inc., a New York investment bank specializing in the retail, apparel, footwear, and cosmetics industries, created the Financo Scholarship Fund, which will award scholarships to select full-time FIT students pursuing bachelor’s degrees. “We designed the fund to recognize students who demonstrate a unique passion for fashion and business,” said Gilbert W. Harrison, chairman and CEO of Financo, Inc., and co-chairman of the board of The Educational Foundation for the Fashion Industries. “FIT has been a critical resource for fashion and the design-related industries for more than 60 years. And today, FIT’s role in helping these industries compete in a global environment is more crucial than ever.” The fund, which recognized Dr. Joyce F. Brown’s tenth anniversary as FIT president, was established with an initial gift of $150,000, with contributions from Financo, friends, and colleagues. The firm’s goal is to raise a total of $1 million.