The Mary Alice Aralekian Foundation was started by Nicholas Arakelian in the 1960s in memory of his wife Mary Alice, whom Nick hired as a young bookkeeper out of Newburyport High School in the early 1930s. Two scholarships, in the amount of $10,000 each will be awarded to a NHS graduate who is going on to a four year college or university, has financial need and is ranked in the top 50 students of the class.