Funding Scholarships for ITM Majors
FIT's department of International Trade & Marketing (ITM) is committed to raising funds for scholarships and activities that enhance students' education and employability. With the assistance of its advisory board and its International Students Alumni Society (ITAS), the department organizes fundraising events to endow permanent scholarships and career development activities. All or a portion of the donations to these funds are tax deductible. Proceeds are administered by the FIT Foundation.
ITM raises funds to endow two types of permanent (in perpetuity) scholarships. A donation payable to the FIT Foundation with ITM Scholarships in the memo section can be mailed to:
Chair, Department of International Trade and Marketing
Fashion Institute of Technology
227 West 27th St.
New York, NY 10001
Every year ITM conducts an international field trip to provide students with an opportunity to observe international trade in action. In recent years the ITM Practicum students have traveled to Portugal, Costa Rica, and Brazil visiting textile and apparel factories, trade organizations, chambers of commerce, government agencies, consumer groups, and educational institutions.
A $5,000 donation funds the travel and part of the tuition costs of a student who otherwise could not afford this unique educational experience to travel abroad and observe life, commerce, and culture in other countries. The department administers the selection of a recipient following the criteria established by the donor or college depending on the scholarship level the donation covers. Donors, along with the rest of the Selection Committee, are usually invited to review students' applications.
- Gemini Shippers Association Scholarship
This scholarship, the first of its kind for ITM students, was generously endowed by Gemini Shippers Association through the efforts of Ms. Sara Mayes, its President and ITM Advisory Board member. Through a total donation of $55,000 made in March and April 2005 and another $25,000 in May 2015, the fund has financed between $1,250 to $2,800 in educational expenses per school year. FIT’s board of trustees will determine the scholarship amount to be awarded later in 2016. The scholarship is for full-time ITM students with a strong scholastic record and visible volunteer work at ITM, FIT, the industry and/or the community. The recipient(s) will be announced every spring semester preceding the school year that the scholarship will take effect.
- New Times Group Scholarship
This scholarship was raised in honor of Mr. Donald Baum, Polo Ralph Lauren Corp.'s then Senior Vice President (former Executive Vice President) of Global Sourcing and Manufacturing, ITM’s 2009 Global Sourcing Executive of the Year honoree. With a gift from New Times Development Limited, this endowed fund will finance one scholarship per school year in perpetuity. The scholarship awards have ranged from $2,000 to $2,600. FIT’s board of trustees will determine the amount available for each scholarship later in 2016. The scholarship is for ITM students with a strong scholastic record and visible volunteer work at ITM, FIT, the industry and/or the community.
- PVH Scholarship
Led by Mr. Joseph Gromek, former President & Chief Executive Officer of The Warnaco Group Inc. (Warnaco), and ITM’s 2006 Executive of the Year honoree, this scholarship was generously endowed by Warnaco (now PVH Corp.) and its business associates. The endowed fund will finance scholarships for two students per school year for educational expenses in perpetuity. In the past, the scholarship has ranged from $5,000 to $5,768 for each recipient. FIT’s board of trustees will determine the amount to be awarded later in 2016. The scholarship is for full-time ITM students with a strong scholastic record and visible volunteer work at ITM, FIT, the industry and/or the community. NOTE: On February 13, 2013, PVH Corp. completed its acquisition of Warnaco. This scholarship is now being managed by PVH Corp.
- Ralph Lauren Scholarship
This scholarship was created in honor of Mr. Donald Baum, RL's then Senior Vice President (former Executive Vice President) of Global Sourcing and Manufacturing, and ITM’s 2009 Global Sourcing Executive of the Year honoree. Through generous donations from RL and its business associates, the endowed fund will finance three scholarships per school year in perpetuity. In the past, each scholarship ranged from $5,000 to $5,700. FIT’s board of trustees will determine the scholarship amount to be awarded later in 2016. The scholarship is for ITM students with a strong scholastic record and visible volunteer work at ITM, FIT, the industry and/or the community.
- World Trade Week Scholarship
This scholarship is sponsored by WTWNYC. World Trade Week NYC is a committee of the New York District Export Council (NYDEC). Every year, the President of the United States declares the third full week of May as World Trade Week. Trade organizations, businesses and other stakeholders come together both nationally and locally to promote and facilitate international trade in the U.S. economy. The New York City tri-state region’s trade and transportation community celebrates World Trade Week by offering a full agenda of educational seminars, global business networking events and the Awards Breakfast that recognizes the exemplary achievements by practitioners in the field. Through the WTWNYC scholarship program, the New District Export Council seeks to encourage the next generation of business leaders to pursue an academic program in their undergraduate years that will help them build the skills and knowledge they need to be successful. The scholarship is intended to benefit high-achieving undergraduate students who attend New York institutions of higher education that are members of the New York District Export Council. The scholarship may vary from year to year depending on the funds available. The recipient(s) will be announced every spring preceding the school year that the scholarship will take effect. The scholarship recipients will be required to attend the WTW NYC annual breakfast on May 16, 2016 and one DEC meeting in 2016 or 2017 to express how the scholarship has helped them in their international trade education, to learn more about the NYDEC and its leadership role in fostering exports, and to meet the NYDEC members. This is a great opportunity for the students to meet leaders in the tri-state area’s locally driven international industry and see the inner workings of a key government supported export promotion program.
To make a donation, organize a fund drive, and/or participate in current fundraising efforts, please contact the ITM department chair Christine Pomeranz at 212 217.3323 or firstname.lastname@example.org.