A memorial concert for five young Calgarians stabbed to death at a party raised nearly $40,000 for scholarships.

Organizers of the Sept. 4 fundraiser at Jubilee Auditorium wanted to honour the memories of Zackariah Rathwell, Lawrence Hong, Kaitlin Perras, Jordan Segura and Joshua Hunter.

The concert raised $16,000 through online ticket sales and another $23,000 was raised that night on raffles, sales and donations.

The money will go to scholarships and trust funds in the names of the five students, who were stabbed to death last spring at an end of classes house party in the Calgary neighbourhood of Brentwood.

More than 1,500 people were at the concert, which featured performances and local artwork.