Near the end of each year, the Hollywood Foreign Press Association gathers to recognize outstanding achievement in film and television. Nominees are announced in December, and the awards ceremony is held and televised in mid-January. It's one of television's most intimate, spontaneous, and fun events. The profits made from the Golden Globe Awards are donated to entertainment - related charities by the HFPA. The organization offers scholarships to budding entertainers and supports educational institutions educating people on film and television.moreless