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$128M for scholarships – N.C. State triples endowment

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N.C. State University has raised $128 million, more than tripling its scholarship endowment for students in five years, the News & Observer in Raleigh reports.

In 1994, the university’s endowment for students was $29 million. The school will create at least an additional 1,500 scholarships and fellowships with the thriving endowment, the N&O reports.

“These new scholarships and fellowships will attract the brightest minds and bring us the men and women who will lead North Carolina, our nation and the world,” Chancellor Marye Anne Fox said.

More than 200 volunteers, including many alumni, persuaded their peers to contribute to the campaign. Donors responded well to the message that all the money would go toward scholarships, said Terry Wood, interim vice chancellor for university advancement.

It cost the school $450,000 to raise the $128 million, the N&O says.

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