Education

NC State vet school gets 'transformational' $16 million gift

Posted April 27, 2015 4:06 p.m. EDT
Updated April 27, 2015 4:20 p.m. EDT

The Randall B. Terry Charitable Foundation, the all-time biggest contributor to the North Carolina State University College of Veterinary Medicine upped the ante Monday afternoon with the announcement of a $16 million gift.

Chancellor Randy Woodson said the gift would fund scholarships, professor salaries and research at the school. The $8 million that goes toward scholarships effectively doubles the college's current scholarship amount.

“Philanthropy has had a tremendous impact on NC State,” Woodson said. “The continued support of the R.B. Terry Foundation hasn’t just changed the landscape for the College of Veterinary Medicine, it’s created a global center of medical excellence.”

To date, the Terry Foundation has given more than $47 million to the College of Veterinary Medicine.

"The R.B. Terry Charitable Foundation has contributed more than any other donor to building NC State’s College of Veterinary Medicine into a world-class and world-leading institution,” said Dr. Paul Lunn, dean of the College of Veterinary Medicine. “This new commitment will support our students, fund research to ensure that this college is discovery driven, and enable us to recruit and retain world-class innovators to lead our programs.”