The American Film Institute has received a $5 million gift from the Perenchio Foundation, the organization announced Wednesday.
Said to be donated as a way to "fulfill the charitable wishes" of the late Andrew Jerrold 'Jerry' Perenchio, the sum will be usedfor the Perenchio Family Endowed Scholarship to support diverse voices at the AFI Conservatory.The first round of fellows will be announced in the coming months, per AFI. “Though he was famously anonymous in his philanthropy, Jerry’sgenerosity knew no bounds,” said Bob Daly, chair of AFI's board of directors. “Through this endowed scholarship at the AFI Conservatory, his legacy will continue to echo across generations in tomorrow’s storytellers.” The AFI Conservatory kicked off in 1969.
Read more on hollywoodreporter.com