Douche Bag Fcuk you 4865 Posts user info edit post |
Hello new club-house for the golf course and you are welcome College of Management.
http://www.newsobserver.com/2010/12/17/867027/transformative-gift-for-ncsu.html#storylink=addthishttp://Randall B. Terry Jr
RALEIGH -- Just in time for Christmas, N.C. State University is getting the biggest gift in its 123-year history.
Lonnie C. Poole Jr., who made a fortune in the garbage-hauling business, and his wife, Carol Johnson Poole, are giving the university $40 million. That single gift will swell NCSU's entire endowment by nearly 10 percent and instantly boost the profile of the university's young management college, which is getting most of the money.
"This is transformative," said NCSU Chancellor Randy Woodson. "To receive this size of a gift in this economic environment and at a time when the university is really trying to elevate its stature, you know, it's just transformative." Greenville Job Scam (EXPOSED)Greenville Job Scam (EXPOSED)We investigate work at home jobs and what we found may shock you!Banks Forced To Forgive Credit Card DebtBanks Forced To Forgive Credit Card DebtNew Credit Laws Allow Greenville Consumers to Reduce Debt up to 60%...Greenville Mom's $5 Wrinkle TrickGreenville Mom's $5 Wrinkle TrickDermatologists DON'T want you knowing about this Skin Care Secret!Ads by Yabuka Quantcast
Poole, an NCSU graduate in civil engineering and a long-time supporter of the university, founded Raleigh-based Waste Industries in 1970, using $10,000 the couple got from selling their home in Ohio. The family moved in with his parents.
His name will now grace the College of Management, which will get $37 million of the gift for its endowment.
Of the remainder, $500,000 will go to the endowment of the College of Humanities and Social Sciences, and $2.5 million will be used to build a clubhouse at NCSU's new golf course on its Centennial Campus, which will be named for Carol Poole. The Pooles had earlier given $3 million to help build the golf course, which was named for him.
The Pooles were expected to join university officials this morning to formally announce the gift.
Timely gift
The holiday season aside, their largesse could not have been more timely. Not only has the stagnant economy hurt donations to universities everywhere, but officials across the 16-campus UNC system are trying to figure out what's left to slash when the next round of cuts in state funding hits.
The gift will shine a spotlight on the university's technology-oriented college of management which, at just 18 years old, is one of the youngest in the country.
Lonnie Poole has helped lead charitable foundations at NCSU for nearly 20 years and said that he knows which colleges at NCSU get the most donations and which need more.
That's one reason Poole is steering the money toward the business school, he said in an interview. He wants to help put it on equal footing with the larger, older colleges at NCSU that can draw on a bigger donor base, and make it more competitive with the other business schools in the area, including those at UNC-Chapel Hill and Duke University.
NCSU has an unusual number of small foundations set up to handle gifts for individual colleges, and that has created inequities, he said.
"The end result is, when people go to North Carolina State, they expect the colleges there to be comparable to each other in excellence, in teaching excellence and research excellence," he said.
"In fact, it's a mistake to make that assumption because the colleges of agriculture, textiles, natural resources and engineering have been around for a long, long time, and they have alumni who are able to give back to the college and create very healthy foundations to fund those things that make you just a level above an ordinary land-grant college."
The management college already has some characteristics that distinguish it from competitors that focus on typical business school topics such as traditional finance, investment banking and consumer product marketing. Instead, it concentrates on subjects such as commercialization of technology, new product and service innovation, global supply chain, enterprise risk and management of biosciences.
In short, the school aims to produce graduates to fit the kinds of companies that populate Research Triangle Park and that are being spun off from NCSU research.
The Pooles' gift is a validation of that approach, said Ira Weiss, the dean of the college.
"Given the youth of our college, we feel that the size of this gift is a phenomenal testament to who we are and what we've accomplished, but it's really about the future," Weiss said. "Obviously someone is investing in that future."
The money will not only raise the college's profile, he said. It also will help it compete for new high-quality faculty members, fill endowed chairs and spend enough to keep key faculty who otherwise might be lured away.
It also will help pay for new initiatives, Weiss said, notably the creation of a new center of excellence in sustainability. That's fitting, he said, because Poole has long been an advocate for sustainable practices in the solid waste industry, and because the college is well-poised for it.
"With our areas of expertise in innovation, technology, entrepreneurship and globalization, we're primed to be a leader in that area," Weiss said. "Clearly technology is a driver of everything that's going to happen in sustainability."
No strings attached
Poole said that he is putting no strings on the endowment gift because the school's needs will inevitably change.
Discussions with Weiss and other university leaders, though, convinced him that they want to bolster the college's teaching in three key areas that keenly interest him: entrepreneurship, ethics and the intersection of business and the environment.
Poole said that when he was in school, classes on those subjects weren't available, and that they're all crucial now.
Such a big addition to the university's endowment, which can help pay for scholarships and professors' salaries, was particularly sweet for Woodson, who, even before he took office as chancellor in April, had said that boosting the endowment to make it a more stable source of funding would be one of his major goals.
The university's endowment needs to more than double, to about $1 billion, to put it on a par with similar institutions around the country, he has said.
Still to be worked out, Woodson said, are details of how the Poole gift to the College of Humanities and Social Sciences will be used. Poole is interested in an arrangement that rewards faculty excellence.
The new donation is double the size of the second-largest gift to NCSU, a $20 million donation in 2005 by a foundation endowed by High Point businessman Randall B. Terry Jr. That pledge was to help build a new animal hospital at the College of Veterinary Medicine.
Read more: http://www.newsobserver.com/2010/12/17/867027/transformative-gift-for-ncsu.html#storylink=addthis#ixzz18PJeES4O 12/17/2010 4:36:32 PM |
ThePeter TWW CHAMPION 37709 Posts user info edit post |
sounds good Douche Bag 12/17/2010 4:43:44 PM |
erice85 All American 4549 Posts user info edit post |
this is awesome
maybe i could get couple g's out of the 40 mil? 12/17/2010 4:44:26 PM |
ncsuapex SpaceForRent 37776 Posts user info edit post |
WALL
OF
TEXT 12/17/2010 4:44:44 PM |
jataylor All American 6652 Posts user info edit post |
tuition will still rise 12/17/2010 4:45:54 PM |
dweedle All American 77386 Posts user info edit post |
12/17/2010 4:47:06 PM |
amac884 All American 25609 Posts user info edit post |
12/17/2010 4:54:44 PM |
Kickstand All American 11542 Posts user info edit post |
Talk about a noiiiice tax refund when January rolls around 12/17/2010 6:19:08 PM |
FuhCtious All American 11955 Posts user info edit post |
well now i feel better about not being able to give money when they sent me that alumni letter this year 12/17/2010 6:30:22 PM |
JBaz All American 16764 Posts user info edit post |
so tuition will start going down. yes? 12/17/2010 6:40:37 PM |
Mr. Joshua Swimfanfan 43948 Posts user info edit post |
I hope some of that goes to a new aquatic and rec center.
Then we can say that we're going to play pool at the Poole pool. 12/17/2010 7:18:40 PM |
TreeTwista10 minisoldr 148238 Posts user info edit post |
This is just Tom O'Brien's way of taking more negative shots at UNC's program 12/17/2010 7:19:54 PM |
egyeyes All American 6209 Posts user info edit post |
Obviously some of you didn't read the entire thing.
This is how the $40M is being distributed:
Quote : | "His name will now grace the College of Management, which will get $37 million of the gift for its endowment.
Of the remainder, $500,000 will go to the endowment of the College of Humanities and Social Sciences, and $2.5 million will be used to build a clubhouse at NCSU's new golf course on its Centennial Campus, which will be named for Carol Poole. " |
12/17/2010 7:21:28 PM |
BigMan157 no u 103353 Posts user info edit post |
sweet, lets give the worthless parts of the university oodles of cash 12/17/2010 7:22:35 PM |
egyeyes All American 6209 Posts user info edit post |
Inorite 12/17/2010 7:23:30 PM |
IMStoned420 All American 15485 Posts user info edit post |
Quote : | "GREENVILLE
JOB
SCAM" |
12/17/2010 7:34:15 PM |
JBaz All American 16764 Posts user info edit post |
12/17/2010 7:39:28 PM |
dropdeadkate nerdlord 11725 Posts user info edit post |
yea 2.5 million for a club house seems...... excessive but whatever 12/17/2010 7:39:30 PM |
egyeyes All American 6209 Posts user info edit post |
I guess you have to donate a significant amount of money to have the place named after you.
If they had given it to me I would've named it the Lonnie and Carol Poole Scholarship Fund for egyeyes ] 12/17/2010 7:40:49 PM |
JBaz All American 16764 Posts user info edit post |
actually, not really, it's about how much it would cost to build a building of that size. Now If hadn't read it, $40mil for a club house would have been. 12/17/2010 7:41:27 PM |
Mr. Joshua Swimfanfan 43948 Posts user info edit post |
not if it's a badass club house with shark tanks and shit. 12/17/2010 7:41:39 PM |
Master_Yoda All American 3626 Posts user info edit post |
NICE!
So, we have a few named departments now, a named college. Whats next, Centennial Campus being named? Or we gonna be The Joe Blow NC State University? 12/17/2010 7:58:38 PM |
icanread2 All American 1450 Posts user info edit post |
Hmm....ya know, I was thinking....if the time-space continuum were a little bit different, it could be that at some point, others would be impressed upon hearing that I'm an alumnus of the COM @ ncsu.com 12/17/2010 8:11:09 PM |
erice85 All American 4549 Posts user info edit post |
hurr hurr hurr
some of you nerds need some new material
[Edited on December 17, 2010 at 8:27 PM. Reason : ,] 12/17/2010 8:27:15 PM |
Netstorm All American 7547 Posts user info edit post |
Well at least my department got some of that money. 12/17/2010 8:43:45 PM |
ComputerGuy (IN)Sensitive 5052 Posts user info edit post |
that dude has a little stream going through his house. 12/17/2010 8:59:07 PM |
JBaz All American 16764 Posts user info edit post |
Cleveland version? 12/17/2010 9:41:00 PM |
roddy All American 25832 Posts user info edit post |
FYI....
$40M = $40,000 $40MM = $40,000,000
12/17/2010 9:52:40 PM |
se7entythree YOSHIYOSHI 17377 Posts user info edit post |
nobody uses those abbreviations. i think most people use K and M, and understand it just fine. 12/17/2010 9:58:28 PM |
JBaz All American 16764 Posts user info edit post |
everyone knows that the common abbreviation for million is going to be mil. 12/17/2010 10:00:36 PM |
benXJ All American 925 Posts user info edit post |
can't wait to see how this money is wasted. it's so pathetic. 12/17/2010 10:16:27 PM |
erice85 All American 4549 Posts user info edit post |
quit yer bitchin 12/17/2010 10:17:35 PM |
slamjamason All American 1833 Posts user info edit post |
lol you people
This is awesome
NCSU's Entrepreneurship program is actually pretty great, good to see they are getting a big chunk of this.
[Edited on December 17, 2010 at 10:53 PM. Reason : .] 12/17/2010 10:51:35 PM |
erice85 All American 4549 Posts user info edit post |
but its wasted money because its not going to the engineering dept 12/17/2010 10:54:11 PM |
aaronburro Sup, B 52883 Posts user info edit post |
so, when can we expect tuition to go down? 12/17/2010 10:56:35 PM |
slamjamason All American 1833 Posts user info edit post |
ya man, why aren't my student loans being paid back with this!??
[Edited on December 17, 2010 at 10:58 PM. Reason : .] 12/17/2010 10:58:18 PM |
LRlilDaddy All American 6511 Posts user info edit post |
i am happy that the college of management gets some uh dat.
im bouts to start my MBA in the spring 12/18/2010 12:01:17 AM |
sawahash All American 35321 Posts user info edit post |
Ahhh...tww...
Where great news is something bad. 12/18/2010 12:14:19 AM |
DoeoJ has 7062 Posts user info edit post |
somebody give cam newton's daddy a call 12/18/2010 12:19:47 AM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
What a shitty investment. 12/18/2010 11:53:06 AM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
What a shitty way to spend $40 million dollars. 12/18/2010 11:54:50 AM |
wdprice3 BinaryBuffonary 45912 Posts user info edit post |
COM, really? Why encourage more idiots to join that program to get a worthless business degree? Why not show that love to his own school/department? 12/18/2010 12:14:25 PM |
GeniuSxBoY Suspended 16786 Posts user info edit post |
Why not support small businesses since small business is what made him successful in the first place?
Giving $40mil to the local small businesses in trust/contract to spend the money on labor will guaranteed to create more jobs if he gave a mere $10,000 to 4000 new businesses. 12/18/2010 12:22:37 PM |
BigMan157 no u 103353 Posts user info edit post |
its his money, he can do what he wants with it 12/18/2010 12:23:31 PM |
wdprice3 BinaryBuffonary 45912 Posts user info edit post |
its my opinion. i can give it whenver i want to 12/18/2010 12:30:33 PM |
rflong All American 11472 Posts user info edit post |
^^^ God shut up. A donation like this is like planting the seed for greater things than donations to businesses that may or may not really need the money. This money will create more than just jobs at NC State.
GG to Lonnie Poole. I wish I could one day have the bank to be able to support NC State and other things I love like Poole is doing. 12/18/2010 1:21:24 PM |
JCE2011 Suspended 5608 Posts user info edit post |
Why couldn't someone with a cooler last name make it rain 40 mil 12/18/2010 6:13:11 PM |
aimorris All American 15213 Posts user info edit post |
haters, they shall hate
accounting department rulezzzzzz 12/18/2010 6:19:20 PM |
ncsuallday Sink the Flagship 9818 Posts user info edit post |
this really makes me mad. $500,000 to CHASS against a $2.5M clubhouse is a fucking slap in the face. fucking bullshit.
ibt "CHASS produces worthless degree's, etc." 12/18/2010 6:21:33 PM |
wawebste All American 19599 Posts user info edit post |
set em up 12/18/2010 6:31:53 PM |