ATLANTA -- The first annual EAV Runfest will be held in East Atlanta Village this weekend.

The event has 5K, 2-mile and 1-mile options. All races will be followed by a day of family-friendly activities.

EAV Runfest will be Saturday, Sept. 27. Packet pickup begins at 6:30 a.m. The 5K will be at 8 a.m., and the 2-mile race will start at 9:30 a.m.

There are two 1-mile options -- a competitive race, which begins at 10:30 a.m., and a fun run at 10:40 a.m.

All runners, except those participating in the fun run, will receive technical T-shirts.

Proceeds from the race will benefit East Atlanta Village's Burgess-Peterson Academy. Pricing is as follows:

5K
* $30 through Friday
* $40 on race day

2-Mile
* $25 through Friday
* $35 on race day

1-Mile (competitive)
* $25 through Friday
* $35 on race day

(WXIA) -- Youth running groups, rejoice -- the Atlanta Track Club has created a scholarship program just for you.

The Peachtree Jr. Participant Challenge will award scholarships to the three organizations that have the most children registered for the 2014 Peachtree Jr. or Lil' Peach Dash.

The first place team will be given a $1,500 scholarship, a $1,250 cash donation from the Atlanta Track Club and $250 in Sports Authority store credit. Two runners-up will each get $750 scholarships, $500 donations and $250 in Sports Authority credit.

"Through the Peachtree Jr. Participant Challenge, we are able to give back to organizations that share our goal of inspiring children to be healthier and more active," Atlanta Track Club Executive Director Rich Kenah said in a release. "Atlanta Track Club is proud to partner with Sports Authority to offer these scholarships to provide extra motivation to keep kids moving."