The Horovitz Fund is dedicated to African artists and scholars in the humanities and social sciences. The winner(s) receive an award to defray educational costs for one academic year, renewable for a second year based on satisfactory academic performance and continued need. The award amount ranges anywhere from $10,000 to $17,000 depending on market performance. The funds may be used to cover thesis research, tuition, living costs, etc. The amount of the award depends on the funds available from the investment performance of the endowment.