The Underfashion Club raised $425,000 at the annual Femmy Awards gala last month at Cipriani on 42nd Street in Manhattan.

Walter Costello, president of the industry organization, said a budget is being completed from the proceeds for design student scholarships for the Fashion Institute of Technology and the High School of Fashion Industries. In 2009, the organization donated $154,000 for scholarships, he said.

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