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(A.I.G. immediately reinstated the scholarship program on its own dime).
The scholarship program had an even more striking impact on the Simone family from Providence, R. I
The scholarship program began modestly in 1999, with only six students chosen.
The scholarship program is unabashedly aimed at casting Israel in a positive light.
So you would designate that money for the scholarship program and then make appropriate cuts to compensate for its loss.
More than 3,700 students participated in the scholarship program, most of whom (96percentt) enrolled in religiously affiliated schools.
"I think they are going to be leaders in this city," said Arthur Gelb, director of the scholarship program.
All the money donated to the scholarship program will be used for student aid, the alliance's organizers said.
The scholarship program will not be Mr. Schwarzman's first major foray into China, where private equity firms like his have been trying to gain entry.
"It is meant as a gesture," Mr. Townsend said, noting that the company is spending in the hundreds of thousands on the scholarship program.
But Rob Hayes, a spokesman for the lottery, said that the agency did not need legislative approval to establish the scholarship program.
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