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This year’s high-spirited event raised $1.3 million to benefit the FIT Foundation.

Some 550 people attended Fashion Institute of Technology’s Annual Awards Gala at Cipriani on 42nd Street in New York Thursday night honoring Ivan Bart, president of IMG Models and Fashion Properties; Jane Hertzmark Hudis, group president at the Estée Lauder Cos. Inc., and J. Michael Stanley, managing director at Rosenthal & Rosenthal.