NC State announces $50 million gift for Park Scholars - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

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

  • Wake CountyMore>>

  • 9th suspect arrested in Wake Forest kidnapping

    9th suspect arrested in Wake Forest kidnapping

    Wednesday, April 23 2014 1:01 PM EDT2014-04-23 17:01:55 GMT
    Frank Janssen was kidnapped from his Wake Forest home on April 5.Frank Janssen was kidnapped from his Wake Forest home on April 5.
    The ninth suspect named in an indictment handed up Tuesday has been arrested in connection with the kidnapping of a Wake Forest man.   
    The ninth suspect named in an indictment handed up Tuesday has been arrested in connection with the kidnapping of a Wake Forest man.   
  • St. Aug's names interim president

    St. Aug's names interim president

    Wednesday, April 23 2014 11:13 AM EDT2014-04-23 15:13:05 GMT
    St. Augustine's has tapped Dr. Everett Blair Ward to be the university's interim president after the school's board of trustees fired president Dianne Boardley Suber earlier this month before she could retire.
    St. Augustine's has tapped Dr. Everett Blair Ward to be the university's interim president after the school's board of trustees fired president Dianne Boardley Suber earlier this month before she could retire.
  • Dr. Campbell: New treatments for migraine headaches

    Dr. Campbell: New treatments for migraine headaches

    Wednesday, April 23 2014 7:51 AM EDT2014-04-23 11:51:27 GMT

    The FDA has just approved a new device to prevent migraine headaches. This is the first device of its kind and may revolutionize the way we treat headaches.

    The FDA has just approved a new device to prevent migraine headaches. This is the first device of its kind and may revolutionize the way we treat headaches.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Mom bites off dog's ear to save daughter during attack

    Mom bites off dog's ear to save daughter during attack

    Tuesday, April 22 2014 2:49 PM EDT2014-04-22 18:49:19 GMT
    Image from CNN/KHOU-TVImage from CNN/KHOU-TV
    In a backyard in Alvin, swings a very lucky girl. Her name is Mackenzi Plass, or Kenzi for short, and she survived a dog attack and has undergone several surgeries."She'll be two and a half in May," said her very proud mother Chelsi Camp. "She's doing great. You wouldn't know it if you couldn't see."Mackenzi has scars on her face after the ordeal just weeks ago that put her mother's animal instincts to the test."You do whatever you can," said Camp. "I don't have physical strength at my side."...
    In a backyard in Alvin, swings a very lucky girl. Her name is Mackenzi Plass, or Kenzi for short, and she survived a dog attack and has undergone several surgeries."She'll be two and a half in May," said her very proud mother Chelsi Camp. "She's doing great. You wouldn't know it if you couldn't see."Mackenzi has scars on her face after the ordeal just weeks ago that put her mother's animal instincts to the test."You do whatever you can," said Camp. "I don't have physical strength at my side."...
  • Owner of Raleigh 'Party Mansion' guilty of tax evasion

    Owner of Raleigh 'Party Mansion' guilty of tax evasion

    Monday, April 14 2014 4:07 PM EDT2014-04-14 20:07:04 GMT
    Claude Verbal II, who now lives in Miami, pleads guilty to a number of federal tax evasion charges.
    Claude Verbal II, who now lives in Miami, pleads guilty to a number of federal tax evasion charges.
  • Indictment: Prosecutor was target of Wake Forest kidnapping

    Indictment: Prosecutor was target of Wake Forest kidnapping

    Tuesday, April 22 2014 6:57 PM EDT2014-04-22 22:57:33 GMT
    The U.S. Department of Justice said Kevin Melton has been charged with conspiring to kidnap in relation to the abduction of Frank Janssen from his Wake Forest homeThe U.S. Department of Justice said Kevin Melton has been charged with conspiring to kidnap in relation to the abduction of Frank Janssen from his Wake Forest home
    Nine people have been indicted in connection with the kidnapping of a Wake Forest man whose daughter prosecuted a high-ranking member of the Bloods street gang.
    Nine people have been indicted in connection with the kidnapping of a Wake Forest man whose daughter prosecuted a high-ranking member of the Bloods street gang.
Powered by WorldNow

1336 Augusta West Parkway
Augusta, GA 30909

Telephone: 706.722.6664
Email: talkback6@wjbf.com

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