The International Franchise Association Educational Foundation has received the largest personal donation in the Foundation’s history to establish a college scholarship fund for students studying franchising. The donation of $300,000 from Former IFA Chairman Lawrence “Doc” Cohen, CFE, president & CEO of DOC & Associates, Ltd., a franchisee of Great American Cookies and PretzelMaker, will create the “Doc Cohen Franchising Scholarship Fund.”
“I have always felt it important to give something back to the business model that has meant so much to my success,” said Cohen. “Franchising has made it possible for me to achieve my ‘American Dream’ and I am grateful that I can share that success with an up and coming future entrepreneurs.
The fund will be administered by the IFA Educational Foundation and will provide a $4,500 annual scholarship to a college student with a major or primary focus in one or more of these areas of study ─ business, finance, marketing, food service, hospitality, franchising, or entrepreneurship.
The first winner of the Doc Cohen Franchising Scholarship will be awarded to Courtney Olesh, who will plans to attend Yale to study business next fall and cites her involvement in IFA-sponsored franchising events as the reason for pursuing an entrepreneurial career through franchising.
“The association and the whole franchising community is deeply grateful to Doc Cohen for his boundless generosity and support,” said IFA President and CEO Steve Caldeira, CFE. This scholarship will help students with the passion and drive to become successful franchisees and continue to promote education among young people studying franchising.
For more information on IFA’s Educational Foundation scholarships please click here.