Mary-Kate Olsen and Ashley Olsen Pictures: Mary-Kate Olsen (R) and Ashley Olsen attend the 7th Annual CFDA/Vogue Fashion Fund Awards at Skylight SOHO on November 15, 2010 in New York City.
The Council of Fashion Designers of America and Vogue magazine have created an endowment to support the next generation of American fashion designers. With monies raised, the CFDA/Vogue Fashion Fund has been established, the stated purpose of which is to generate sufficient income each year to fund significant financial awards to one or more designers and provide business mentoring. Award recipients are selected by a Committee of industry experts, based on the exceptional talent they have already demonstrated in fashion design and their capacity for future distinction in the fashion industry.
Photo credit: Amanda Meredith / PR Photos
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