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From the beginning, the Hispanic Development Fund has focused on a critical need that emanated directly from the community: developing a scholarship program to empower Hispanic students to attend and graduate from college. It was also considered important from the very beginning to make this a community-wide effort, relying on other Latino nonprofit organizations to assist with the review of applications and pooling of resources. Additionally, the scholarship effort stressed to all students the importance of giving back to the Latino community and engaging as community leaders. In 1984, HDF awarded its first scholarships by giving $100 each to 100 students through a separately named Hispanic Scholarship Fund. In 2021, in partnership with local and regional higher education institutions, HDF awarded $788,150 in scholarships to 405 students.