Poor Little Rich Boy, a clothing and accessories company co-founded by Richmond natives Michael Dade and Trevaj Siller, has committed to donating 5-percent of semi-annual net sales to help fund a scholarship for a deserving local student, the company announced Thursday.
The scholarship, which can be used for books, tuiton or other school costs, will be a minimum of $500 with a maximum limit of $10,000 per half year and will be available Jan. 15, 2016 and July 15, 2016 and every year after, according to Dade. Interested students in their senior year of high school enrolled in an accredited college or university should contact Poor Little Rich Boy at firstname.lastname@example.org for more information.
Dade, who was raised in Richmond and whose parents still live in the city, is the clothing company’s CEO and says one of his goals in starting his business has been to give back to his community when possible.
“School costs are rising and loans are still very hard to come by,” Dade said. “Being from Richmond, I, along with many others, am all too familiar with this scenario.”
Dade said he attended Georgetown University due to the graces of God, hard work and scholarships he spent months searching for.
“There is plenty of money available to deserving students,” he said.