Within the period of 2008-2018, the Ayb Educational Foundation has granted scholarships to 42 students from Armenia and the Diaspora to continue their studies at the best universities of the world. The scholarship funds were sought by the efforts of Ayb through targeted donations made by individual and corporate sponsors. The young beneficiaries of Ayb’s scholarship program now continue their studies at or have already graduated from the top universities around the globe. With this scholarship program, Ayb has introduced and run its institute of education philanthropy, later employing its technologies to raise funds for covering Ayb High School students’ tuition. The Luys Foundation Education came to pick up the baton and grant tuition to Armenian students who enter the top universities.