The Founders are Serzh Sargsyan, President of the RA and Tigran Sargsyan, Prime Minister of the RA.

The Luys Foundation is a private foundation.

The Luys Foundation itself is a private institution but the founders are the present heads of Armenia’s government. This means that the foundation’s work is in line with the government leaders’ vision for the future of Armenia. Its private characteris to ensure stability and permanence.The more people contribute to its financial pool, the more it will belong to all Armenians.

Luys carries out two missions that work hand in hand.

• Increase the number of Armenian students in the world’s leading universities. The goal is to ensure that Armenia will have an active participation in the world’s global trends and economy.
• Harvest the students’ knowledge and know-how through concrete programs. See Develop Armenia programs at http://luys.am/en/programs/developArmenia/ and at http://developarmenia.blogspot.com/.

To be eligible, students must fulfill the following three conditions:

• Students have to be Armenian or of Armenian descent.
• Students select themselves when they are admitted to one of the ten universities listed on the Luys website. This is not a contest.
• Students must be between the ages of 18 and 40 when attending the top ten universities listed by Luys (as ranked in the journal US News& World Report).

This list of the ten universities is decided according to the ranking established by an outside institution in order to ensure a non-bias approach. US News & World Report publishes a yearly ranking of the top 400 universities in the world.

This list of the ten universities is decided according to the ranking established by an outside institution in order to ensure a non-bias approach. US News & World Report publishes a yearly ranking of the top 400 universities in the world.

Once a student has been awarded a scholarship, the student will continue receiving support from Luys until the full completion of his/her academic program, regardless of whether their university drops off the list or not.Once Luys starts supporting a student, the support will continue through out the duration of the study program.

Financial profile and social class are not selectioncriteria. The financial profile or the social class of a student has absolutely no bearing in the university’s decision to admit a student or not.

Therefore,you will find all social classes represented among the Luys scholars. Universities admit students based on their academic achievements and merit only.Luys grants the scholarship once the university has informed the student that he/she has been admitted.

Once a university admits a student, the financial office of the establishment calculates the cost of the tuition that a student has to cover.This estimate is done according to the financial situation of the student and the student’s family. The Luys decision comes as a final round grant. It takes into account the university statement of financial aid, and any additional grants the student may have received. The amount of Luys financial aid is decided according to the financial gap that remains to be covered.

Luys requires that you show proof of having applied for a scholarship in parallel to your university application. This information must be presented at the time the student applies for a Luys Scholarship, along with the letter from the university confirming the student’s admission.

The Luys grant calculates the cost of tuition, living expenses, insurance, books and laptop, and travel expenses. Luys grants a maximum of 50 percent of all added cost.

The "Luys Code of Honor" in the Armenian World:

• Believe in yourself, in others and in a connected Armenian world.
• Be honest, tolerant, respectful and proud.
• Love and support all Armenians anywhere in the world.
• Stay connected and work with Armenians around the world.
• Strive to be the best in your field.
• Do yourbest for humanity and the world.
• Keep exploring, discovering and imagining.
• Be open-minded and dare to be original in your thinking.
• Choose a mentor and be a mentor to Armenian youth.
• Develop yourself as an Armenian and develop Armenia.

Luys Students’ Duties:

• Stay Connected at all times. Participate in on-line meetings with Luys Yerevan.
• Participate and propose activities for the Luys Program: "Develop Armenia".
• Share your knowledge and passion. Run a seminar when in Armenia.
• Become a mentor to a younger students in Armenia.
• Learn Armenian and about the Armenian culture while attending Luys Programs.
• Contribute your academic publicationsto be published by Luys.
• Host Luys students who may visit you on your university campus.
• Provide quarterly progress reports, observations and suggestions.
• Join or create an Armenian Student Association or a Luys Network within the university where you are studying.
• Be a Luys Ambassador and an Ambassador of Armenian Culture wherever you are.

The Luys scholars start working with the Luys Foundation from day one of their grant award. Luys establishes a regular communication and exchange and determines what exceptional learning, experience and know-how the student plans to share with his/her peers when visiting Armenia. Every summer Luys organizes a month-long workshop set in rural Armenia where all Luys scholars come to think and work together.

Luys works at creating "brain circulation". This means that we encourage all people with knowledge and know-how to come to Armenia and contribute to seeding projects that make a difference. Luys actively seeks out experts and invites them to think of creating branch activities in Armenia. The goal is to make sure Armenia occupies an active place in the world global economy and contributes to setting trends.

Each scholarship recipient is part of a mission to channel pioneering knowledge and experience to Armenia. This explains how Luys constantly proposes new projects. Such knowledge and experience is realized through the projects that the students develop during the Develop Armenia Program. The list is regularly being updated.

Luys has elaborated an important idea and culture: Intellectual Philanthropy. Such philanthropy entails active participation in the building of the Armenian World. We all have things to learn and to impart to others. Each student joining Luys invests their strength to the work of constructing the best future through such Intellectual Philanthropy.

The mentorship program is Intellectual Philanthropy. The Luys student, the mentor, transfers his or her experience to another Armenian student, a mentee, offers him/her advice, and helps him/her achieve the best results in scientific and professional fields. The Mentorship program is a reciprocal process to enrich and be enriched, where everyone has the opportunity and possibility to work together. When the mentee applies and is admitted to one of the best universities in the world as the result of this two-way work, he/she also becomes a mentor and lends a hand to another Armenian student who requires his/her counsel and direction.

Each Luys student has a mentee. Together, they examine and elaborate programs and plans to be implemented in Armenia and strategies to help realize such implementation: the Luys student contributes his/her new knowledge and experience, and the mentee helps the mentor organize that knowledge and present it following current and local requirements.

Thanks to this mentor-mentee channel, Luys and Armenia’s students ensure the freshening of the valuable knowledge of Armenia’s and the world’s best educational centers.

To this day, Luys has close to 100 students and each of them works with at least one senior high school or university student from Armenia. By working together, they continue to cooperate during the entire year. Current technologies allow the students to overcome physical boundaries and distances, and to input their efforts, time and love into the work of developing Armenia.

From September to January, Luys students familiarize with the environment of their university. In the months of January and February, they plan the programs that will be implemented during the Develop Armenia Program. In March, they select their mentees and work with them throughout the year. At the beginning of March, Program Manager Gayane Ghumashyan calls on all of the students to join the Armenian World through the mentorship program.

Some students, who received a full scholarship, received it from the universities they applied to, or another source.
Luys never grants a full scholarship.
Most students, who do obtain a full scholarship, still wish to join the Luys scholars’ network. They gain access to a wide range of knowledge through their peers. They get to participate in the Develop Armenia Program and gain tremendous experience in how to go from academic knowledge into real-life. This is a unique chance to discover Armenia and understand the country's potential for new carriers and business development opportunities.