Jorge Valencia, director of the Point Foundation, at last year's event. (Blade file photo by Michael Key)

The Point Foundation, with offices in New York and Los Angeles, boasts doctors, lawyers, filmmakers and even the nation’s youngest openly gay mayor as alumni of its scholarship program, which has connected gay college students with millions in financial support and a robust professional network for more than a decade.

Yet organizers say there remain countless LGBT students whose educations are cut short by limited funds and unsupportive families. And even as LGBT youth find more mainstream acceptance, interest in the innovative scholarship program has not dissipated.

In fact it’s growing, say organizers who will host a May 3 fundraiser meant to jumpstart donations and boost financial support for the expanding pool of scholars. The event will take place from 6 to 8 p.m. at the Equality Center (1640 Rhode Island Ave. NW). Tickets are $75.

It will feature remarks from founders Bruce Lindstrom and Carl Strickland, as well as success stories shared by some of the Foundation’s growing crop of alumni.

Organizers are finalizing this year’s recipients from a field of some 2,000 applicants, up about 33 percent from last year. Scholars will be announced in June.

“We’re getting a lot more applications from geographically diverse parts of the country, also people of color and women,” says Jorge Valencia, Point’s executive director and CEO. “We’re very happy with that, a lot of that has to do with our outreach efforts.”

The Washington Cornerstone Society event — named for large gift donors — will be one of eight the foundation plans this year to help support the roughly 75 scholars it sponsors annually.

The amount of each scholarship fluctuates based on the number of scholars, but officials say the funds help cover everything from tuition to living expenses for undergraduates and graduate students at institutions across the country. The competitive qualification process involves a 10-part application and culminates with phone and in-person interviews.

Each year, Valencia said, the pile of applications gets thicker.

“That’s why these Cornerstone events are so important,” he says. “We need to be able to raise more money to support these scholars.”

The scholarship program’s continued success is bittersweet, however. Valencia says it’s evidence that there remains a lot of work to be done in boosting acceptance of LGBT youth.

“I hope one day there isn’t a need for organizations that serve underserved communities,” says Valencia, explaining that though scholarships are not limited to scholars who face rejection from their families, those students still comprise many recipients. “The opposition is fighting even harder to make these young people all over the country and all over the world really feel less than equal, so the need is just as high as ever before.”