The J Wray and Nephew Foundation recently awarded 140 students with scholarships at a ceremony held at Jamaica Pegasus.
A total of $11.7 million was disbursed in scholarships and grants to primary school students, who this week started high school as well as to university students.
This is an increase from the $10 million that was awarded in 2016.
There were two recipients of the top award which is the Joy Spence STEM Scholarships. These went to Jevonnie Fennell, a first-year student at the Caribbean Maritime Institute and Rickardo Anderson, who is in his second year at the University of the West Indies.
Mark Chisolm, Executive Vice President of Sagicor Group, urged the recipients, to break the cycle of poverty.
He detailed his own upbringing from the depressed community of Arnett Gardens and outlined the different challenges he underwent to now being a leading figure in Corporate Jamaica.
This, he attributed mainly to the stern approach that his mother took to his schooling as well as his desire to succeed so that he would break the poverty cycle in his family.