Big gifts – $2M for Wake

The University of North Carolina at Chapel Hill is getting $10 million from a 1977 alumnus to boost international studies, while Wake Forest University in Winston-Salem is getting $2 million from Wachovia to endow scholarships at its graduate business school.

Durham native Alston Gardner of Atlanta pledged the gift for scholarships, a lecture series and research funds for international studies.

Gardner was founder and chief executive officer of On Target Inc., which provided consulting and training for sales and marketing groups and was acquired by Siebel Systems in 1999. In 2000, he formed Fulcrum Ventures, a venture capital firm that invests in early-stage and health-care firms.

UNC-CH has raised more than $650 million in the quiet phase of a capital campaign — expected to have a goal of $1.5 billion — that will kick off officially next spring.

Wachovia’s gift, which endows a program to provide scholarships and career assistance to MBA students and create a more diverse student body, is the largest gift to the Wake Forest’s Babcock Graduate School of Management since it was founded in 1969.

Wake Forest has raised $296 million in its $450 million capital campaign that began last spring.

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