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This fund is named the Perot Ha-Ilan Scholarship Fund after Major Ilan Meir Raiz z"l.

The fund's aim is to encourage and help develop religious young men with advanced technological training who will join the army. The idea of the fund is really a reflection of my late husband's personality.  Ilan was a career officer in the IDF, who used his technological academic background to the full whilst serving in relevant positions in various units, including combat units.  Ilan died suddenly from a cardiac arrest before he turned 36.
At the Jerusalem College of Technology where the fund is held, there is an excellent project designed to train young religious Ethiopian engineers as academic officers in the IDF.  The fund aspires to grant as many scholarships as it possibly can to the young people involved in the project, thus promoting this specific sector in the Israeli population, by investing in technological education for the young generation.
At the JCT we believe it is our responsibility and challenge to enable diverse segments of Israeli society, especially those whose families have had no previous exposure to higher education and who otherwise would not have the opportunity to pursue academic studies, to become productive members of Israel's work force. One of these groups that we are empowering to take their place in the high-tech world, are members of the Ethiopian community in Israel.
Today, over 100,000 Ethiopian Jews live in Israel.  The integration of Ethiopian Jews posed and continues to pose a tremendous challenge to Israeli society to integrate. Ethiopian Jews come from a predominantly agricultural society where many were never exposed to modern technology and few of the immigrants arrived with marketable skills.  The number of 12th graders from the Ethiopian community achieving high school matriculation is the lowest percentage of any group in Israel. Juvenile delinquency and unemployment are rampant and only a small percentage of Ethiopian immigrants have gone on for higher education in Israel. According to the Israel Association for Ethiopian Jews, “The most critical obstacle to the absorption of the Ethiopian community is the education system.  For the Ethiopian community, education is the only avenue to social mobility and a critical key to the future”.

More info about the Ilan Meir Raiz and the fund