NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- The Joseph Rallo Scholarship for Entrepreneurs is a premier, one-time award of $10,000 designed to support and inspire the next generation of visionary business leaders. Open to undergraduate students worldwide, the scholarship seeks to identify and nurture students who exhibit a passion for entrepreneurship, a commitment to excellence, and an unwavering desire to create meaningful change through innovative business ventures.
The scholarship was established by Joseph Rallo, a distinguished investment banking executive, entrepreneur, and philanthropist with over 17 years of expertise in finance. Through this initiative, Joseph Rallo aims to empower young entrepreneurs by providing financial assistance to further their educational journey and equipping them with the tools necessary to realize their entrepreneurial ambitions. This scholarship is not restricted by geographic location, offering an unparalleled opportunity to students both within the United States and abroad.
Joseph Rallo, who has successfully closed more than 500 transactions, amounting to over $60 billion in capital raised, is co-founder of the revived EF Hutton and has held influential roles at prominent financial institutions such as Aegis Capital, Maxim Group, and Citizens JMP Securities. His successful career is marked by an exceptional ability to navigate complex financial transactions, including IPOs, mergers and acquisitions, and private placements.
Beyond his accomplishments in the business world, Joseph Rallo has dedicated significant time and resources to philanthropy, serving on the boards of several esteemed global organizations. These include Keep A Child Alive, Lifeline Humanitarian Organization, Lang Lang International Music Foundation, The Rousseau Foundation, and St. Jude Children’s Research Hospital. His profound commitment to social good and his passion for fostering future leaders have directly influenced the creation of the Joseph Rallo Scholarship for Entrepreneurs.
“Entrepreneurship is the bedrock of progress in our world,” says Joseph Rallo. “I created this scholarship to identify and support the next generation of entrepreneurs who demonstrate the tenacity and vision to launch innovative businesses that can solve today’s complex challenges. Through this scholarship, I hope to inspire young people to think big, act boldly, and build the businesses of tomorrow.”
Scholarship Details
The Joseph Rallo Scholarship for Entrepreneurs offers a one-time award of $10,000 to an undergraduate student who demonstrates exceptional potential in entrepreneurship. The scholarship is intended to help defray the costs of tuition, books, and other educational expenses. The goal of the scholarship is to reduce financial barriers for students with entrepreneurial aspirations, enabling them to focus on their academic and entrepreneurial pursuits without the distraction of financial concerns.
Eligibility Criteria
To be eligible for the Joseph Rallo Scholarship for Entrepreneurs, applicants must meet the following criteria:
- Be currently enrolled as an undergraduate student at an accredited university or college.
- Exhibit a clear interest in entrepreneurship, innovation, and business leadership.
- Submit an original essay (between 1,000 and 1,500 words) outlining the applicant's entrepreneurial goals, strategies for achieving them, and the potential impact of their business idea on society.
- Maintain a minimum GPA of 3.0 or higher.
Application Process
Students interested in applying for the Joseph Rallo Scholarship for Entrepreneurs should submit their applications via email to apply@josephralloscholarship.com. The application must include the essay, along with an official academic transcript. The deadline for all applications is October 15, 2025, and the winner will be announced on November 15, 2025.
Joseph Rallo, whose remarkable success in the investment banking industry has earned him a reputation as one of the leading figures in his field, remains deeply committed to giving back to the community by supporting young talent. As an entrepreneur and business leader, Rallo recognizes the value of both practical experience and academic excellence in shaping successful entrepreneurs. The Joseph Rallo Scholarship for Entrepreneurs is designed to provide students with the resources and encouragement needed to achieve their business aspirations and effect positive change in the world.
The scholarship underscores Joseph Rallo’s dedication to global business development and his belief that entrepreneurship can drive progress in addressing the world’s most pressing challenges. Students from all regions of the world are invited to apply, bringing together diverse perspectives that will contribute to the future of entrepreneurship and business leadership.
Key Dates:
- Deadline for Application: October 15, 2025
- Winner Announcement: November 15, 2025
For more information on the scholarship, including detailed application instructions and eligibility requirements, students are encouraged to visit the official website or email apply@josephralloscholarship.com.
About Joseph Rallo
Joseph Rallo is a highly respected investment banking executive, entrepreneur, and philanthropist with more than 17 years of experience in finance. He has played a pivotal role in over 500 financial transactions, raising more than $60 billion in capital. Joseph is the co-founder of a prestigious investment banking firm and has held senior leadership positions at notable financial institutions, including Aegis Capital, Maxim Group, and JMP Securities. In addition to his professional success, Joseph is a dedicated philanthropist, serving on the boards of several influential global organizations, including Keep A Child Alive, Lifeline Humanitarian Organization, Lang Lang International Music Foundation, and St. Jude Children’s Research Hospital. Joseph holds a Bachelor’s degree in Business Administration from the Mendoza College of Business at the University of Notre Dame.
Contact Info:
Spokesperson: Joseph Rallo
Organization: Joseph Rallo Scholarship
Website: https://josephralloscholarship.com
Email: apply@josephralloscholarship.com
