NC State announces $50 million gift for Park Scholars - Local news, weather, sports Savannah | WSAV On Your Side

NC State announces $50 million gift for Park Scholars

Posted: Updated:
RALEIGH, N.C. -

N.C. State announced the largest gift in school history on Friday when Chancellor Randy Woodson  said the Park Foundation has made a $50 million gift to the Park Scholarship program.

The program brings exceptional students to N.C. State and helps them develop as scholars, leaders and community servants.

Woodson made the announcement at the Hunt Library Auditorium on Centennial Campus.

The largest gifts ever to NCSU so far are:

  • $40 million from Raleigh's Poole family for the College of Management and the golf course clubhouse under construction now
  • $20 million from the Randall B. Terry Foundation for the Terry Center at the College of Veterinary Medicine
  • $10 million from the Prestage family to name the poultry science department
  • $10 million from Edward Fitts to name the industrial and systems engineering department.

The gift comes at a time when budgets have been tight at the state's universities after budget cuts in the last budget cycle. N.C. State had a budget of $1.35 billion for the 2012-13 academic year.

The Park Scholars have special opportunities at N.C. State, including meetings with distinguished professors. This year, the scholars will make a trip to Washington, have a retreat in Colorado's Rocky Mountains and another retreat at Black Mountain.

Park Scholars were instrumental in starting the Krispy Kreme Challenge in Raleigh, which is scheduled for February.

The gift will come at a time when budgets have been tight at the state's universities after budget cuts in the last budget cycle. N.C. State had a budget of $1.35 billion for the 2012-13 academic year.

The gift also comes when N.C. State is seeing dramatic interest in undergraduate enrollment. There were 21,000 applications for the freshman class, and the Wolfpack enrolled 4,216.

It's also the academically strongest class in Wolfpack history. According to NCSU, 50.1 percent of the students ranked in the top 10 percent of their class. In 2009, by comparison, only 41.1 percent ranked in the top 10 percent of their class.

The average SAT score has jumped from 1,187 in 2009 to 1,244 in 2013.

Information on NC State freshman class

The largest gift to UNC-Chapel Hill was $50 million given by Dennis and Joan Gillings.

The largest gifts ever to Duke University were $80 million in 2011 from the Duke Endowment in Charlotte to renovate parts of campus, and $75 million from the Duke Endowment in 2005 as part of a financial aid initiative.

Find out more about the Park Scholarship program

  • Most Popular StoriesMost Popular StoriesMore>>

  • Mysterious "woman in black" spotted in Tennessee

    Mysterious "woman in black" spotted in Tennessee

    A mysterious figure is capturing the attention of social media. She's been nicknamed "the woman in black" and she's been spotted in different parts of east Tennessee including Madisonville, Athens, Sweetwater and now Morgan County.
    A mysterious figure is capturing the attention of social media. She's been nicknamed "the woman in black" and she's been spotted in different parts of east Tennessee including Madisonville, Athens, Sweetwater and now Morgan County.
  • Sheriff's Office showcases "Faces of Meth" program as a lesson to all

    Sheriff's Office showcases "Faces of Meth" program as a lesson to all

    Monday, July 21 2014 11:33 AM EDT2014-07-21 15:33:26 GMT
    Faces of Meth™ is a project of the Multnomah County Sheriff's Office in Oregon. This project began when a deputy in the Corrections Division Classification Unit, Deputy Bret King, put together mug shots of persons booked into the Multnomah County Detention Center. Deputy King worked with his co-workers in the Classification Unit to identify people who had been in custody more than once. He then worked to verify criminal records and files to determine and assure a history of methamphetamine re...
    Faces of Meth™ is a project of the Multnomah County Sheriff's Office in Oregon. This project began when a deputy in the Corrections Division Classification Unit, Deputy Bret King, put together mug shots of persons booked into the Multnomah County Detention Center. Deputy King worked with his co-workers in the Classification Unit to identify people who had been in custody more than once. He then worked to verify criminal records and files to determine and assure a history of methamphetamine re...
  • Couple arrested for having sex on Cortez Beach in front of beachgoers

    Couple arrested for having sex on Cortez Beach in front of beachgoers

    Tuesday, July 22 2014 1:08 PM EDT2014-07-22 17:08:35 GMT
    Bradenton Beach police officers were dispatched to Cortez Beach after a few people called 911 and complained about a couple having sex publicly, right next to a little girl on the beach.
    Bradenton Beach police officers were dispatched to Cortez Beach after a few people called 911 and complained about a couple having sex publicly, right next to a little girl on the beach.
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.