Education

NC State receives $40M gift, largest in history

Posted December 17, 2010

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— North Carolina State University received a $40 million gift on Friday, the largest donation in the school's history, according to Chancellor Randy Woodson.

About $37 million of the money, which was donated by Lonnie and Carol Johnson Poole, will fund an endowment to support N.C. State’s College of Management – renamed The Lonnie C. Poole Jr. College of Management.

The endowment will support development of new programs, student scholarships and fellowships, faculty research and other college development activities.

“This endowment will enable us to advance the college to a new era by expanding and complementing our focus on technology, innovation, entrepreneurship and globalization with a new, strong emphasis in the area of sustainability,” said Ira Weiss, dean of the college.

The Pooles’ gift includes $2.5 million to fund The Carol Johnson Poole Club House at the Lonnie Poole Golf Course on N.C. State's Centennial Campus.

About $500,000 of the gift will be used to fund The Carol Johnson Poole Endowment for Humanities and Social Sciences at N.C. State.

“With this transformational gift, it’s a new day for N.C. State,” Woodson said. “Today, we send a signal to the rest of the state and to the country that N.C. State University is prepared to compete on the highest national levels."

Lonnie Poole is the founder of Raleigh-based Waste Industries USA, Inc. and a long-time supporter of N.C. State, where he received his bachelor’s degree in civil engineering in 1959.

He is a member and vice chairman of the Board of Directors for the North Carolina State University Foundation and also provided a naming gift for the university’s golf course.

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  • maybelle Dec 20, 2010

    His dad gave him strong work ethics and a great road to the future. Oh and in Auburn if you needed help the Pooles were the first at your front door helping you if they knew you needed help. Maybe Lonnie Jr wants a way to help people who want to better themselves. And how do you know he didn't give money to help people with heating bills this winter? He probably did.

  • djofraleigh Dec 17, 2010

    "If the "less than intelligent" people who were "less than smart" enough to give 40 million to NC State, really wanted to make a difference, they would have ensured that this 40 mil would have paid the heating bill for those who will freeze this winter."

    This is a gift that will keep on giving, and producing wealth, not just keep someone warm one winter. By the logic of this protest, there would be no advancement, just subsistence.

    There is a place for charity, and a place for endeavoring to rise to new heights.

    As for naming rights, that's a perk and a right and an honor. He must adore his wife.

    As for his CHARITY, I'm sure it exists, as he pleases to do with his money that he earned.

  • jantart Dec 17, 2010

    WXYZ - It is Waste Industries not Waste Management. There is a big difference between these two companies.

    I was fortunate to work down the hall from him for 10 years. He is definitely a "what you see is what you get" kind of man. He was always generous with his employees and always referred to us as family. He insisted that we call the main operations center the "home" office not the corporate office. He valued and treated each of us the same whether you were an driver or a VP.

    “This endowment will enable us to advance the college to a new era by expanding and complementing our focus on technology, innovation, entrepreneurship and globalization with a new, strong emphasis in the area of sustainability,” said Ira Weiss, dean of the college. Mr.Poole and Dean Weiss "get it". China "gets it". I just hope the rest of us in education wake up and "get it" soon.

    Thank you to Bill Gates, Warren Buffett, Ted Turner, and now Lonnie Poole.

  • dwr1964 Dec 17, 2010

    If the "less than intelligent" people who were "less than smart" enough to give 40 million to NC State, really wanted to make a difference, they would have ensured that this 40 mil would have paid the heating bill for those who will freeze this winter. That's right, they don't care for those less fortunate, only that their name appear on a building on campus. That would never happen just by paying for heat.

  • elcid liked Ike Dec 17, 2010

    Good for NC State. 37 more of those and they'll have caught up with us at Chapel Hill. :-D

  • m24s Dec 17, 2010

    Waiting for a Real Snow - did you read the article??? 37million going to the College of Management - 2.5 million to a club house and 500k to for an endowment for the College of Humanities and Social Sciences. Why do you make comments that arent true and are stated clearly in the article. read it first then comment.

  • RB-1 Dec 17, 2010

    NJTarheel - "FYI - The brand new Corinth-Holders HS in Clayton is so strapped for cash that it doesn't even have clocks or American flags in their classrooms...."

    Someone needs to write to Obama about that. I bet he'd send American flags for each classroom.

    But wait, he doesn't even salute those flags, so - hmmm...I don't know.

    But you'd think someone in government would supply the flags when a school simply cannot afford them.

  • RB-1 Dec 17, 2010

    "The Pooles’ gift includes $2.5 million to fund The Carol Johnson Poole Club House at the Lonnie Poole Golf Course on N.C. State's Centennial Campus."

    Well ain't that nice, she'll have a nicer clubhouse with her name on it to smooz at.

    Still, it's a very nice gift. Would have been good if there were few earmarks and it could have been used to lower tuitions across the board, or to help some bright under-privileged students get an education, but their money, their decision.

  • m24s Dec 17, 2010

    allsmileshere & random musings - how do you know they dont contribute money like this elsewhere? why be so cynical about such a great gift!

    The clubhouse is getting just over 6% of the total donated so dont fault them there either!

    Great donation from wonderful people to help further the success of NC State!

  • GWALLY Dec 17, 2010

    Much better use of cash than letting a bunch of liberal/entitlement democrats in government get their grubby little paws on it!!!!!!!

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