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A mbassadorial Scholarships, The Rotary Foundation’s oldest and best-known program, was founded in 1947. Since then, more than 40,000 men and women from about 100 nations have studied abroad under its auspices. Today it is one of the world’s largest privately funded international scholarships programs. Nearly 700 scholarships were awarded for study in 2009-10. Through grants totaling approximately US$16.2 million, recipients from about 70 countries studied in more than 80 nations.