This excerpt taken from the LUX 6-K filed Jun 4, 2008.
During 2007, we awarded 14 research study grants totaling $330,000. One third of the money granted supported research projects to advance the study of diabetic eye disease to help researchers to move closer to enhancing the quality of life for millions of people living with diabetes. Other areas of support in 2007 focused on research into pediatric eye diseases and age-related macular degeneration.
The Pearle Vision Foundation also received approval from the United States Internal Revenue Service to begin the Dr. Stanley Pearle Scholarship Program. Each year, $40,000 in scholarships will be awarded to students of optometry across the United States.