By Todd Cohen
HIGH POINT, N.C. — The Nido Qubein Associates Foundation in High Point has awarded 42 scholarships worth $209,000 over four years.
Founded with $500 in 1972 by Nido Qubein, a consultant and entrepreneur, the foundation now has provided more than $2 million in scholarships to 500 students.
The foundation has four funds totaling several million dollars, including its own endowment plus funds it has created at High Point University, Mount Olive College and the High Point Community Foundation, says Qubein, who is chairman of Creative Services, an international business consulting firm, and of Great Harvest Bread Co., which has 206 retail stores in 39 states.
The funds provide scholarships mainly to students in the High Point area who attend North Carolina schools, as well as students selected through American Humanics, a group in Kansas City, Mo., that supports more than 100 schools throughout the United States.
The foundation last year also gave a one-time grant of $500,000 to create five scholarships at UNC-Chapel Hill.
In 1966, at age 16, Qubein moved to the United States from his native Lebanon to attend Mount Olive College, then a two-year school.
After working as a counselor at Camp Cheerio, a summer camp in Roaring Gap run by the YMCA of Greater High Point, he transferred after his sophomore year to what was then High Point College and later earned a master’s degree in business administration at UNCG.
“It was out of my own life experiences and the help that I got that I dedicated myself to help other students who are worthy to go to school,” says Qubein, who on May 16 was UNCG’s commencement speaker.