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Four Families Give $40 Million To High Point University

Posted on April 21, 2011.

HIGH POINT, N.C., April 21, 2011 – Four High Point families are giving $10 million each to High Point University, bringing the total to eight families who have contributed $10 million since Dr. Nido R. Qubein became president.

The families of Earl E. Congdon, Fred E. Wilson, Jr., Mark A. Norcross and Nido R. Qubein have committed $40 million to the university, with most of it dedicated to the School of Health Sciences and the proposed school of pharmacy. “We are most grateful for the generosity and support of our friends,” said Qubein. “I have believed in this work from the start, and now we can all see the extraordinary transformation that has taken place. My family and I joyfully invest in this institution.”

Earl Congdon is chairman of Old Dominion Freight Line, one of America’s leading transportation and logistics companies with 10,000 employees. Fred Wilson is chairman of the board of Piedmont Chemical Industries, Inc. including five companies with plants in North Carolina, South Carolina and Tennessee. Mark Norcross is the founder and chief executive officer of Mark David, a high-end furniture manufacturer, now a Kohler company. Nido Qubein is the president of High Point University and chairman of Great Harvest Bread Company with 240 stores nationally.

“Our president is a visionary who always leads by example,” commented Dennis Carroll, provost and vice president of Academic Affairs. “Dr. Qubein has worked tirelessly to transform the institution in remarkable ways, and now he makes a major financial investment in our work and inspires other friends to join him,” he added.

High Point University has raised $170 million since Qubein became president in 2005. The school announced a $2.1 billion growth plan of which $550 million has already been invested in the construction of 28 new buildings, the addition of 120 new faculty members, expansion of the campus from 92 acres to 300, and the purchase of Oak Hollow Mall. Enrollment has exploded from 1,450 to 3,800 traditional undergraduate students and plans are to reach total undergraduate enrollment of 5,000. In addition, the university announced a proposed school of pharmacy, and the School of Health Sciences that offers degrees in athletic training and exercise science with proposed programs in physical therapy and physician assistant studies.

At High Point University, every student receives an extraordinary education in an inspiring environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with over 4,200 undergraduate and graduate students from 51 countries and 46 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report at No. 3 among Regional Colleges in the South. Forbes.com ranks HPU in the top 7 percent among “America’s Best Colleges.” Parade Magazine lists HPU in the top 25 private schools in the nation. The university offers 50 undergraduate majors, 42 undergraduate minors and 14 graduate degree programs. It is accredited by the Commission of Colleges of the Southern Association of Colleges and Schools, and is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the Web at highpoint.edu.

# # #
Pam Haynes

Communication Specialist

336-841-9055

phaynes@highpoint.edu

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