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The Point Foundation is the nation's largest scholarship-granting organization for lesbian, gay, bisexual, and transgender students (LGBT) of merit. This scholarship provides financial support, mentoring, and hope to meritorious students who are marginalized because of their sexual orientation or gender identity. The Point Foundation attempts to identify students who are physically, intellectually, and morally capable of leadership to play an influential part in the betterment of society. Point Scholars have a proven track record of leadership and scholastic achievement along with a strong desire to make a difference in the world. Point Foundation believes these scholars are the future of the next generation of the LGBT community. The average scholarship award per scholar is $13,600. The average total program expense that includes scholarship funding, mentoring, and leadership training is $34,000 per year per scholar. Applications open in December and close in February.