Frito Lay Endowment
The Frito Lay endowed scholarship was established in 1990, shortly after they moved their headquarters to Plano. Frito-Lay, Inc. is the division of PepsiCo that manufactures, markets and sells corn chips, potato chips and other snack foods. Fritos began in 1932 when Charles Elmer Doolin purchased a corn chip recipe, a handheld potato ricer and 19 retail accounts from a corn chip manufacturer for $100, which he borrowed from his mother. Today, Frito-Lay/PepsiCo is the largest globally distributed snack food company in the world.