Parsons Benefit Honors Jason Wu and Hugo Boss

Pictured: Hugo Boss chairman and CEO of Americas, Mark Brashear, and Jason Wu, honorees at the 2014 Parsons Fashion Benefit (Carly Erickson/BFAnyc.com)

Last night, Parsons The New School for Design honored former student Jason Wu, now artistic director of Hugo Boss Womenswear, at the 66th annual Parsons Fashion Benefit.

At the event, the school's executive dean, Joel Towers, also announced that the benefit had raised $1.2 million for scholarships at Parsons. Hugo Boss announced an additional gift of $250,000 to be used for Parsons scholarships.

Jason Wu received his award from Deborah Needleman, editor in chief of T, the New York Times' style magazine. "I'm incredibly honored to be recognized at the 2014 Parsons Fashion Benefit and to help raise scholarships for future generation of designers," Wu said. "I learned so much at Parsons and continue to use many of the skills throughout my career."

Since launching his own label in 2007, Jason Wu has garnered a loyal following of A-list fans, such as Julianne Moore, Kerry Washington, Diane Kruger, and Reese Witherspoon. But perhaps his most famous supporter is First Lady Michelle Obama, who wore his designs on the cover of Vogue and to both the Inaugural Balls in 2009 and 2013.

Parsons also revealed the recipients of its Designers of the Year award, an honor received in the past by alumni like Marc Jacobs in his graduating year. This year's winners are Simon Lee for Menswear Designer of the Year, and Victoria Hayes for Womenswear Design. Childrenswear Designer of the Year went to Ashley Yoon Chang. Keep an eye on them!

Pictured, from left: a look by Simon Lee (Menswear Designer of the Year) and by Victoria Hayes (Womenswear Designer of the Year)