Awarded annually, to undergraduate students in good academic standing and demonstrated financial need who are studying Italian or are enrolled in courses related to Italian and Italian-Canadian Studies such as language, literature, culture and history, or other related subjects.  Endowed in 2019 by the National Congress of Italian Canadians Foundation (Eastern Ontario and Outaouais District) with the co-operation of The National Congress of Italian Canadians (National Capital District) to encourage and assist students.  This endowment was established in memory of Giovanna Panico, a highly esteemed professor at Carleton University.  Professor Panico had an unwavering commitment to the appreciation and celebration of the Italian language and culture in Ottawa-Gatineau.