Foundations

MAKARIOS SCHOLARSHIP/THEODORE & WALLY LAPPAS AWARD

FOR IMMEDIATE RELEASE

FOR MORE INFORMATION CONTACT:

KYRIAKI S. CHRISTODOULOU
EXECUTIVE DIRECTOR
(212) 696-4590 Fax (212) 532-9640

THE CYPRUS CHILDREN'S FUND

ANNOUNCES 2008 SCHOLARSHIP AWARDS

New York- Savas C. Tsivicos, National Chairman and President of the Cyprus Children's Fund, and Miss Alexandra Lappas, Chairperson of the Makarios Scholarship/ Theodore & Wally Lappas Awards announce this year's scholarship awards open to qualified applicants from the combined Endowments. The assets of the Funds consist of approximately $875,000.00 and are managed by the Investment Committee of the Cyprus Children's Fund and the Makarios Scholarship Foundation through Wachovia Securities. The major award of the Cyprus Children's Fund is the Makarios Scholarship/Theodore & Wally Lappas Award which was created in 1983 by the great benefactors of the Cypriot children, the late Theodore & Wally Lappas and is now continued by their daughter Alexandra Lappas.

MAKARIOS SCHOLARSHIP ENDOWMENT

Makarios Scholarship/Theodore & Wally Lappas Awards

The Makarios Scholarship/Theodore & Wally Lappas Award is accepting applications for the fall semester of 2008 until April 30, 2008 . All applicants must be Greek Cypriots born on the island of Cyprus with permanent residence on the island and must be citizens of the Republic of Cyprus . They must be enrolled in September 2008 as full-time students in an accredited United States College or University in the United States . Applicants must demonstrate scholastic ability and submit appropriate documentation regarding sources of financial aid and financial need.

Makarios Scholarship/Thomas and Elaine Kyrus

Applications for the Thomas and Elaine Kyrus Endowment are also available for Greek Cypriot students from the town or area of Morphou. Applicants must be enrolled on a full-time basis in September 2008 in an accredited United States College or University in the United States . Students must also demonstrate scholastic achievement and submit appropriate documentation regarding all sources of financial aid and need.

Makarios Scholarship/Peter G. and Bess Kolantis Decker Award

Applications for the Peter G. and Bess Kolantis Decker Award are also available for Greek Cypriot students, citizens of the Republic of Cyprus who are enrolled, or will be enrolled in September 2008as full-time students in an accredited United States College or University in the United States . Applicants must demonstrate academic excellence and financial need.

CYPRUS CHILDREN'S FUND SCHOLARSHIP ENDOWMENT

Applicants must be enrolled in an accredited United States College or University in the United States pursuing full-time studies. Applicants may be resident of Greece , Cyprus as well as the United States (provided application is accompanied by proof of Greek origin). Applicants must demonstrate scholastic achievement and financial need.

Cyprus Children's Fund Awards

Funds Solicited by Michael and Despina Anastasiou

Michael and Despina Anastasiou have been active members of the Cypriot American community since 1974 and maintain a high interest in the educational needs of Hellenic American community. They have been instrumental in soliciting funds for the benefit of students; in recognition of their zealous efforts, scholarship awards will be given out every year.

Stanley Dru Awards

Stanley J. Dru was born in Paphos and is the Honorary Consul of the Republic of Cyprus in Phoenix , Arizona . A prominent businessman, Mr. Dru has established through a recent donation of $50,000 scholarship Awards in honor of his late father, John Droushiotis and late cousin, Charles Droushiotis. Applicants must be enrolled in an accredited United States College or University in the United States pursuing full-time studies. Applicants may be residents of Greece , Cyprus as well as the United States (provided he/she can provide proof of Greek origin) and must demonstrate academic excellence and financial need.

All applications can be obtained through a written request from the Cyprus Children's Fund. Eligible students must be currently enrolled or will be enrolled in September 2008 on a full-time basis in an accredited United States College or University in the United States . Deadline for application submission for all Awards is April 30, 2008 Requests should be addressed to:

Cyprus Children's Fund, Inc.,

13 East 40th Street

New York , NY 10016

Tel.: (212) 696-4590 Fax (212) 532-9640

E-mail address: info@cypus-childrensfund.org

Website: www.cyprus-childrensfund.org

January 2008

The Makarios Scholarship/Theodore and Wally Lappas Award was established in 1983 and financed by the Theodore Lappas family.  The late Theodore Lappas was born in Limassol, Cyprus, one of eight children.  In 1920, at the age of 17 he emigrated to the United States in search of better employment prospects.   In 1934 he married Wally Kammerbauer, a native of Bavaria. 
The Lappases have always been distinguished by their hard teamwork,    determination and an unparalleled  kindness in spirit.   Their hard work and   efforts shortly lead them to success in commercial real estate, i.e. shopping malls, etc. 

     In the summer of 1974 when the Turkish army brutally invaded and occupied Cyprus the late Theodore Lappas played a leading role in the establishment and financing of the Cyprus Children’s Fund.  Numerous children have benefited from the Lappas’ family dedicated efforts and financial support.   Along with other close collaborators and the then President of the Republic, the late Archbishop Makarios III, Theodore Lappas established the Makarios Scholarship Foundation to aid Greek Cypriot students who are studying in America.  He died in Florida on May 17, 1995 at the age of 92.  His wife, Wally, a great philanthropist in her own merit, died on September 17, 1997.   Their daughter, Miss Alexandra Lappas, who serves as the Chairperson of the Scholarship Committee and is a member of the Board of Directors of the Cyprus Children’s Fund continues their commendable philanthropic work.

     In 1984 the Kyrus family established the Thomas and Elaine Kyrus Endowment.  Thomas C. Kyrus who has served as National Chairman and President of the Cyprus Children’s Fund from 1980 through 2000  was born in the occupied town of Morphou and is a successful businessman.  He is also the Honorary Consul General of Cyprus in Virginia Beach, Virginia and has been long associated with the causes of Cyprus.   This annual scholarship award is presented to a student from the area, or town of Morphou who is studying in an accredited  United States institution

MAKARIOS SCHOLARSHIP/PETER G. AND BESS KOLANTIS DECKER ENDOWMENTS

CYPRUS CHILDREN’S FUND SCHOLARSHIP ENDOWMENT

      The Cyprus Children’s Fund Scholarship Endowment was established in November of 1993 as a result of a recognized need to provide financial aid to needy students of high academic standard who are pursuing higher education in accredited College or University.  This effort was initially undertaken through the good services of foster parents who are participants to the sponsorship program of the Cyprus Children’s Fund - a program which was established in 1974 with directive to aid the needy refugee children and their families.

     This effort was spearheaded by Peter J. Pappas, current National Chairman and President of the Cyprus Children’s Fund Inc.  Mr. Pappas, a Cypriot American, is himself a prominent philanthropist and a successful businessman.  During the last two years additional donations were made through solicitations (mainly upon the initiative of Board Member Mr. Michael Anastasiou) in the form of real estate sale proceeds, donation of stocks, etc.

      Two yearly scholarship awards are presented to students who are studying full-time in an accredited United States Institution.  Applicants may be of Greek and Greek Cypriot origin, with residence in the United States,  Cyprus and Greece.   Award categories include Architecture, Arts and Humanities, Engineering, Languages, Law, Medicine, Performing Arts, Science, Theology and other disciplines.  Major  donors may wish to indicate their preference for the award category.

CYPRUS CHILDREN’S FUND - STANLEY DRU AWARD

        A yearly award to be presented to a full-time student in an accredited
United States Institution.,  Applicants must be of Greek Cypriot origin with residence on the island of Cyprus.

Donations made beyond the amount of  $20,000 establish yearly awards named after the donor, or as per the donor’s wishes.