HIGH POINT, N.C., Feb. 26, 2020 – Joe, ‘83, and Amanda Budd, of Winston-Salem, have graciously given $1 million to High Point University with $750,000 supporting the Nido and Mariana Qubein Arena and Conference Center, and $250,000 directed to the Richard P. and Sylvia Budd Endowed Scholarship.
The university will honor the Budds’ generosity by naming a student suite for their family in the Qubein Arena. Joe’s parents, Richard, ’63, and Sylvia Budd, established the Richard P. and Sylvia Budd Endowed Scholarship in August 2013 to provide assistance for students majoring in communication or business.
“The Budd family has been a part of HPU for many years, and they have established deep roots with the university,” says HPU President Nido Qubein. “We are deeply grateful for the philanthropic values of the family. The future is always bright for HPU when we have extraordinary partners like Joe and Amanda, who share the same vision of success and support as we do.”
Joe Budd represents the second of three generations of the Budd family graduating from HPU. Joe graduated from HPU in 1983 with a bachelor’s degree in business administration. Joe and Amanda’s son, Alex, graduated with a bachelor’s degree in business administration in 2018 and a Master of Business Administration in 2019. Joe currently serves as CEO and chairman of their family business, The Budd Group, which has been based in Winston-Salem for more than 50 years.
“I am so proud that my family has a lasting commitment to the university that has given us so much,” says Joe Budd. “I am grateful HPU instilled in me the values of hard work and giving back to communities in which we work, and I got to see my son share those same experiences when he was a student at HPU.”