A fitting memorial prize is being established by the New York City-based charity, Greek America Foundation, to honor the life and legacy of the late Olympia Dukakis.
The organization, which Olympia served as a trustee for more than a decade, has launched a campaign to endow $125,000, in order for a cash prize of $5,000 to be awarded in perpetuity.
“It’s the least we can do for a woman who not only served this organization with all her heart, but also cared so much about making the world around her a better place,” said Gregory Pappas, founder of the Greek America Foundation who also made the initial $1,000 donation to kick off fundraising.
The prize, when launched, will reflect Olympia Dukakis’ core values and ideas that she championed in life. The annual “genius grant” will be awarded to a female-led project in film or theater.
The Greek America Foundation, a non-profit with a platinum rating with Guidestar, a non-profit watchdog, is currently fundraising to fulfill the $125,000 needed to fund the project every year.
“Once we raise the $125,000, we lock that money into our existing endowment fund and every year, the interest from the fund will generate the prize money,” Pappas explained. “It’s a great way to ensure that Olympia’s name will live on in perpetuity.”
Within a week of launching the fund, it is approaching 10% fulfilled with $11,000 raised.
Donor names are listed on a special tribute page that the organization has created to honor the prolific life and career of Olympia.