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Banco Popular Foundation celebrates 13 years of Academic Excellence Award

Honoring the strong commitment of its founder, Fundación Banco Popular with the consultancy of the College Board, Puerto Rico and Latin America office (CBPRLA), created in 2005 the Rafael Carrión, Jr. Academic Excellence Award. The purpose of the award is to encourage, recognize and reward the efforts of our youth to achieve excellence in their academic performance, introduce them as role models and highlight the values that make these achievements possible.

Banco Popular Foundation recently celebrated the twelve Rafael Carrión, Jr., Excellence Awards. This award, established in 2005, aims to encourage, recognize and reward young people through their efforts towards levels of excellence in scholar achievement.
This year, Foundation granted 100 awards for a total of 1,205 since the inception of the award. The students winning the scholarship receive a sculpture from Luis Torruella, Puerto Rican artist and a cash prize of $1,000.

Beatriz Polhamus, executive director of Fundación Banco Popular, opened the ceremony by stressing the importance of recognizing talented young people from Puerto Rico, who carry on their shoulders the task of building a better future.

“Today we recognize a group of youngsters who worked hard to get the most from their studies and who join the list of students with the highest academic indexes on the island. In complex times such as the ones we face today, knowledge is essential to build a society that improves our lives. Thus, you are our real hope for the future,” she said.

Gualberto J. Rodríguez, president the Caribbean Produce Exchange, was the main speaker of the event. The businessman, who is also co-founder and Managing Partner of Semillero Ventures, stressed that leading social movements is a selfless act that serves communities, does not look for attention, and responds to convictions and causes.

As in previous years, the winners were selected on the advice of the College Board Office of Puerto Rico and Latin America.

The College Board Office for Puerto Rico and Latin America uses the following methodology for the selection of the award-winning students:

  1. The student must be a candidate for graduation this year.
  2. The student must have taken the Pruebas de Evaluación y Admisión Universitaria (PEAU) during the two years prior to the high school graduation date. (*)
  3. The student must have obtained a total score in the PEAU (sum of the 5 tests) of 3,250 or more.
  4. The student must have taken and passed two (2) or more of the four (4) tests of the Advanced Placement Program in grades eleven or twelve.
  5. The results of the pre-selected candidates will be ranked based on the highest scores in the Advanced Placement Program Tests as a first criterion, and their scores in the PEAU as a second criterion.
  6. Awards will be distributed in proportion to the population of senior students, by educational region and type of school (public and private).

(*) If during this period the student has taken the test more than once, the highest score will be applied.