NEW YORK — With just five weeks left to prepare for the Fashion Industries’ Fashion Institute of Technology annual award dinner, organizers are optimistic that this year’s event will raise more money than last year’s $2 million.
The projection was provided by Bernard Olsoff, chairman of the Educational Foundation for the Fashion Industries, and Stuart Steiner, acting president of FIT, at a breakfast gathering of industry leaders Thursday, in the dining room of Good Housekeeping magazine, announcing the dinner.
This year’s black-tie dinner, to be held Nov. 13 at the New York Hilton, will honor Barger Tygart, president and chief operating officer of J.C. Penney Co. Last year, Jack Shea, former chief executive officer of Spiegel Inc., was honored.
Proceeds from the dinner provide scholarships for FIT students.
With state governments reducing the amount of money available for education, “there’s a greater burden on private funds,” said Olsoff, the former chairman of Frederick Atkins Inc.
Olsoff added that FIT continues to provide a big pool of talent for the industry, noting that Atkins has about 60 graduates in its ranks. “This resource — FIT — is where we get our future,” Olsoff said. “This institution is very special.”
“FIT’s relationship with the industry is really the lifeblood of the college,” said Steiner.
In 1995, when Allen Questrom, the former Federated Department Stores chairman and chief executive, was honored at the FIT dinner, about $4 million was raised, setting a record for the event.

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