N.C. State University Chancellor Randy Woodson and his wife, Susan, have given the university $1.15 million to start a scholarship that will help pay tuition for the children of NCSU employees.
The Woodsons’ donation, a combination of cash and deferred gifts, will be combined with other private funds to help launch the N.C. State Employee Dependent’s Tuition Scholarship, beginning next fall, the university announced Tuesday.
Scholarships of at least $2,000 a year for four years will be available to the dependents of full-time employees. The amount of the awards may vary based on the availability of funds and the number of qualified applicants.
Prospective recipients must be admitted to NCSU as undergraduates and must meet basic requirements to qualify.
Woodson said the donation was a way to thank staff who have contributed to NCSU’s recent successes, including record years in research and fundraising.
“N.C. State is experiencing what might be the most successful time in our university’s long, proud history, and the credit is due to our tremendous faculty and staff,” Woodson said in a news release announcing the gift. “Susan and I couldn’t be more proud to give back to a Wolfpack community that has been so good to us.”
Woodson said he hoped to see the fund grow so that larger scholarships could be offered in the future.
“We’ve been able to pull together enough resources to get the scholarship off the ground for the fall, but we need the ongoing generosity of the N.C. State community to help us fund it in perpetuity and grow the amount of support,” he said.
Ann Goodnight, a member of the NCSU Board of Trustees, thanked the Woodsons for the donation.
“The recently announced gift toward establishing a scholarship for the children of NC State faculty and staff is truly a most generous and noble commitment to the folks that work so hard for this great University,” Goodnight said in an email. “We are most grateful for Randy and Susan’s leadership and benevolence.”
Woodson came to NCSU as chancellor in 2010 from Purdue University. During his tenure, the university has stepped up fundraising and landed several large federal research initiatives.
His base salary is $520,000 a year.