I have received a lot of questions from students and others about the Poole gift to NC State's College of Management. One thing people need to realize is that it is a foundation gift, meaning that the College can spend the returns from the gift but cannot spend the principal. Initially the College will have $300-400k per year from the gift (which will arrive in installments); eventually it will mean $1.5-2 million.
Either sum, invested wisely, can make a huge difference for the College. I urge students and other stakeholders to use the comment tool to ask questions and make suggestions about what they would like to see.
What's going on with inflation?
2 years ago
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