RALEIGH, N.C. (AP) - North Carolina State University has received the largest single contribution in the school's history, a $50 million gift aimed at funding its Park Scholarships programs.
Chancellor Randy Woodson announced the gift from the Park Foundation on Friday.
A statement from the school said the gift, combined with additional donor support, enables an endowment to provide income to attract the brightest minds to N.C. State.
The Park Scholarships program was established in 1996. It annually selects approximately 45 scholars from across the state and around the nation. It provides a four-year scholarship, a computer stipend, enrichment grants, specialized faculty mentoring and a variety of learning opportunities.
The program includes many formal opportunities for scholars to provide service on campus, in the community, across the state, and throughout the world.
The Associated Press