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HFPA shells out near-record $1.2 million

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The Hollywood Foreign Press Assn. presented more than $1.2 million in financial grants to film schools and nonprofit organizations Thursday at its annual Installation Luncheon honoring the organization's 2007-08 slate of officers at the Beverly Hills Hotel. The grants represent the largest tally ever distributed in the group's 65-year history, behind the annual Golden Globe Awards.