MBA of New York Scholarship Foundation, Inc.
The MBA of New York Scholarship Foundation, Inc., a 501(c)(3) organization, has the mission of supporting real estate and construction related education through grants and scholarships on a needs and merit basis to students at area educational institutions. The roots of the Foundation go back to 1959, originally as a committee of the Mortgage Bankers Association of New York. The Foundation was later incorporated in 1985.
The Foundation's annual disbursements support matriculated students in real estate programs at Columbia Business School, New York University Real Estate Institute, Baruch’s Steven L. Newman Institute, Pace University and the tuition-free construction trades’ education program at the Mechanics Institute. Donations have also been made to both New School University and Cooper Union.
Since 1993, the Foundation has been guided by Chairman Lawrence Longua and Vice Chairwoman Marilyn Brown, who are also Trustees. The By-laws of the Foundation provide for three additional Trustees: the President of the Mortgage Bankers Association of New York who also serves, ex officio, as the Foundation’s President, and two others Trustees named by the MBA President.