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Cathay Bank Foundation Announces the 2024 Scholarship Recipients, The Rising Stars of Our Communities

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The Cathay Bank Foundation has announced 20 recipients for its 2024 Scholarship program, receiving 720 applications, a 35% increase from last year. Each recipient will receive $2,500 towards tuition costs. Notable statistics show that 29% of applicants are first-generation college students and 90% are minorities. The Asian Pacific Community Fund administered the program, narrowing 720 applications to 487 qualified candidates, from which Cathay Bank volunteers selected the final 20 awardees across multiple states including California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas, and Washington.

La Fondazione Cathay Bank ha annunciato 20 vincitori per il suo programma di borse di studio 2024, ricevendo 720 candidature, un incremento del 35% rispetto allo scorso anno. Ogni vincitore riceverà $2,500 per le spese di iscrizione. Dati significativi mostrano che il 29% dei richiedenti sono studenti universitari di prima generazione e il 90% sono minoranze. Il programma è stato gestito dal Fondo della Comunità Asiatica del Pacifico, che ha ridotto le 720 candidature a 487 candidati qualificati, dai quali i volontari del Cathay Bank hanno selezionato i 20 finalisti in vari stati, tra cui California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas e Washington.

La Fundación Cathay Bank ha anunciado 20 beneficiarios para su programa de becas 2024, recibiendo 720 solicitudes, un aumento del 35% respecto al año pasado. Cada beneficiario recibirá $2,500 para costos de matrícula. Estadísticas notables muestran que el 29% de los solicitantes son estudiantes universitarios de primera generación y el 90% son minorías. El programa fue administrado por el Fondo de la Comunidad Asiática del Pacífico, que redujo las 720 solicitudes a 487 candidatos calificados, de los cuales los voluntarios de Cathay Bank seleccionaron a los 20 beneficiarios finales en varios estados, incluidos California, Illinois, Maryland, Massachusetts, Nevada, Nueva Jersey, Nueva York, Texas y Washington.

카사이 은행 재단이 2024 장학금 프로그램의 수혜자를 20명 발표했습니다. 올해 720건의 지원서를 접수했으며, 이는 작년 대비 35% 증가한 수치입니다. 각 수혜자는 학비로 $2,500을 받을 수 있습니다. 주목할 만한 통계에 따르면, 지원자 중 29%가 최초 대학 진학자이며, 90%가 소수자입니다. 아시아 태평양 커뮤니티 기금이 이 프로그램을 관리했으며, 720건의 지원서 중 487명의 적격 후보자로 좁힌 후, 카사이 은행 자원봉사자들이 캘리포니아, 일리노이, 메릴랜드, 매사추세츠, 네바다, 뉴저지, 뉴욕, 텍사스, 워싱턴 등 여러 주에서 최종 20명의 수혜자를 선정했습니다.

La Fondation Cathay Bank a annoncé 20 récipiendaires pour son programme de bourses 2024, ayant reçu 720 candidatures, soit une augmentation de 35 % par rapport à l'année dernière. Chaque récipiendaire recevra 2 500 $ pour les frais de scolarité. Des statistiques notables montrent que 29 % des candidats sont des étudiants de première génération et 90 % sont des minorités. Le programme a été administré par le Fonds de la Communauté Asiatique du Pacifique, qui a réduit les 720 candidatures à 487 candidats qualifiés, parmi lesquels des volontaires de la Cathay Bank ont sélectionné les 20 lauréats finaux dans plusieurs États, y compris la Californie, l'Illinois, le Maryland, le Massachusetts, le Nevada, le New Jersey, New York, le Texas et Washington.

Die Cathay Bank Stiftung hat 20 Stipendiaten für ihr Stipendienprogramm 2024 bekannt gegeben und erhielt 720 Bewerbungen, was einem Anstieg von 35 % im Vergleich zum Vorjahr entspricht. Jeder Stipendiat erhält $2,500 zur Deckung der Studiengebühren. Bemerkenswerte Statistiken zeigen, dass 29 % der Bewerber Erst-Generation-Studierende sind und 90 % Minderheiten angehören. Das Programm wurde vom Asian Pacific Community Fund verwaltet, der die 720 Bewerbungen auf 487 qualifizierte Kandidaten verengte, aus denen die Freiwilligen der Cathay Bank die endgültigen 20 Preisträger aus mehreren Bundesstaaten, darunter Kalifornien, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas und Washington, auswählten.

Positive
  • 35% increase in scholarship applications (720 vs 533 last year)
  • Increased scholarship amount to $2,500 per recipient
Negative
  • None.

LOS ANGELES--(BUSINESS WIRE)-- The Cathay Bank Foundation is delighted to announce the 20 recipients of the 2024 Cathay Bank Foundation Scholarship. This year, the scholarship program received 720 applications, a 35% increase from last year’s 533 applications. Notably, more than 29% of students applying for the scholarship program will be the first to attend college in their family and 90% are minorities.

2024 Cathay Bank Foundation Scholarship Recipients (Photo: Business Wire)

2024 Cathay Bank Foundation Scholarship Recipients (Photo: Business Wire)

The Asian Pacific Community Fund, the program administrator, diligently narrowed the pool to 487 highly qualified candidates. Then, Cathay Bank volunteers reviewed and evaluated these candidates to choose the final 20 awardees.

The Cathay Bank Foundation Scholarship has become a hallmark of our commitment to positively impact the education of our communities. With an award of $2,500 to each scholarship awardee, these students will receive financial assistance towards tuition costs as they pursue their higher education goals.

The 2024 Cathay Bank Foundation Scholarship recipients represent the best and brightest of the states we serve. We are proud to introduce the following outstanding students:

  1. California – Alan Zeng
  2. California – Ania Saucedo Cedillo
  3. California – Annie Cai
  4. California – Yanfen Lin
  5. Illinois – Aarya Drover
  6. Illinois – Alice Jiang
  7. Maryland – Aarju Karki
  8. Maryland – Yaa Ofori-Appiah
  9. Massachusetts – Aileen Lopez-Merida
  10. Massachusetts – Jessica Li
  11. Nevada – Isaac Briones
  12. Nevada – Rochelle K-Ahwireng
  13. New Jersey – Derek Cho
  14. New Jersey – Martin Bassett
  15. New York – Bianna Chen
  16. New York – Sylvia Tai
  17. Texas – Sara Essa
  18. Texas – Sebastian Rico
  19. Washington – Alvin Sung
  20. Washington – Shilten Kenzhegazy

Deborah Ching, Chair of the Cathay Bank Foundation, said, “The scholarship recipients represent a wide range of talent across many fields of study. They all share a drive to make positive contributions to their communities and this country. Cathay Bank Foundation is proud to support these outstanding individuals in pursuit of their educational and career goals.”

Nancy Tarr, Cathay Bank’s Senior Vice President and Director of Community Development, said, “Cathay Bank proudly sponsors these scholarships for exceptional students as an investment in our future. This year the scholarship amount was increased to $2,500 to provide additional support for the aspirations of these 20 deserving community leaders. We wish them much success in their educational journey.”

The Cathay Bank Foundation Scholarship continues to grow and positively impact the lives of deserving students each year. It reflects our steadfast commitment to investing in the future leaders of our communities, empowering them to achieve their dreams and contribute to society.

About Cathay Bank Foundation

Cathay Bank Foundation, founded in 2002, has a mission to create opportunities in the areas of affordable housing, community and economic development, and education. The Foundation also supports programs focusing on culture and arts, health and welfare, and environmental and human services that benefit the communities at large. Visit cathaybankfoundation.org for more information.

Fiona Chiu

Fiona.Chiu@cathaybank.com

Source: Cathay Bank Foundation

FAQ

How many students received the Cathay Bank Foundation Scholarship in 2024?

20 students received the Cathay Bank Foundation Scholarship in 2024.

What is the amount of the 2024 Cathay Bank Foundation Scholarship (CATY)?

Each scholarship recipient receives $2,500 towards their tuition costs.

How many applications did the 2024 Cathay Bank Foundation Scholarship receive?

The scholarship program received 720 applications in 2024, a 35% increase from 533 applications in the previous year.

What percentage of 2024 Cathay Bank Foundation Scholarship applicants are first-generation college students?

29% of the scholarship applicants will be the first in their family to attend college.

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