In 2001, M. Elie Jean Chaib, then President of the CCICL, formed the “Bursaries Committee”. In 2011, due to the efforts of founders, M. Elie Jean Chaib, Mrs Claude Kayal and M. Fouad Boustany, Me André Dorais as legal advisor and M. Joseph Khoury from Levy Pilotte as accountant adviser, the Foundation was incorporated and obtained a Charity Permit.
Since 2004, more than 100 university students have benefited from the Foundation’s Scholarship program. Thanks to the generosity of countless