MELBOURNE, FLA.—Indiafest, a not-for-profit cultural organization, and for 15 years, one of Brevard County’s most anticipated festivals, has awarded Florida Institute of Technology a $100,000 endowment. This is another example of Indiafest’s commitment to philanthropy, which has been well-documented since inception.
Unanimously approved by the Indiafest committee, the Indiafest Brevard Scholarship Endowment is expected to provide financial assistance annually to one Brevard Community College (BCC) graduate who attends Florida Tech.
Florida Tech will match each scholarship with five percent of the principal of the endowment. In addition, Florida Tech’s BCC 2+2 relationship provides $10,000 annual Presidential Scholarships for students transferring from BCC to Florida Tech.
The Florida Tech Office of Financial Aid will award the scholarship to a Brevard County resident transferring from BCC to Florida Tech. Additional criteria include commendable academic achievements and evidence of community involvement.
“We are extremely grateful for the endowment, which enables a local student to experience a high-tech education right at home,” said Florida Tech President Anthony J. Catanese.
There is an additional match by BCC.
“The Indiafest committee is proud to help a child achieve a wonderful education. This is one small way to encourage the talent of Brevard to stay in Brevard,” said Nina Gadodia, Indiafest co-chair.
Indiafest has assisted many local charities and provided aid in disaster recovery nationally and internationally with the funds raised during the annual event.
CUTLINE: Signing the letter of agreement are Florida Tech President Anthony J. Catanese and Indiafest co-chair Nina Gadodia. At left in front row is Pravin Patel, co-chair for Indiafest; at right is Ken Stackpoole senior vice president and chief development officer. Back row, from left: Florida Tech faculty members Chelakara Subramanian and Ashok Pandit; Ashok Shah, M.D., Dorothy Allen; and Ravi Jeloka, Indiafest treasurer.