| For Release: Immediate |
Contact: Chancy M. Kapp |
| Date: April 17, 2000 |
(919) 733-7051, ext. 302 |
The Z. Smith Reynolds Foundation Pledges $500,000 to
the North Carolina Community Colleges Foundation
WINSTON-SALEM- The Z. Smith Reynolds Foundation has pledged $500,000 to the Capital Campaign of the North Carolina Community Colleges Foundation.
The announcement comes from Thomas W. Lambeth, Executive Director of the Z. Smith Reynolds Foundation, and J. Gregory Poole, Jr., who was Chairman of the North Carolina Community Colleges Foundation at the time the gift was made. Mr. Lambeth also serves as a board member for the North Carolina Community Colleges Foundation.
In making the announcement, Lambeth said, "The Z. Smith Reynolds Foundation is proud to support this effort to benefit our community colleges and North Carolina’s citizens. The demands to meet the needs of both students and industry are growing and changing, and they need the support of all of us to make it happen".
Poole responded enthusiastically to the generous pledge. "We are so pleased that the Z. Smith Reynolds Foundation understands how valuable North Carolina’s community colleges are and the struggles they face. The Foundation's generosity will set a tremendous example to other North Carolina foundations and businesses."
Based in Winston-Salem, the Z. Smith Reynolds Foundation was established over 60 years ago to benefit the people of North Carolina through charitable works. In 1998, the Z. Smith Reynolds Foundation gave $11,956,990 in grants and direct charitable activities to a broad range of nonprofits and education organizations.
The North Carolina Community Colleges Foundation was formed in 1986 to help sustain the mission and programs of the North Carolina Community College System. After several dormant years, the Foundation was reorganized in 1998 under the leadership of H. Martin Lancaster, President of the North Carolina Community College System, and Lt. Governor Dennis A. Wicker, who was then chairman of the State Board of Community Colleges. Governor James B. Hunt, Jr. and President Lancaster recruited Gregory Poole to head the new Board of Directors, whose members now include top leadership from business and industry, philanthropy, education and government.
The Foundation is conducting a capital campaign to raise at least five million dollars for an endowment to fund system wide efforts on behalf of community colleges. Endowment income will be used to improve the effectiveness of the System; promote the benefits of community colleges; educate; and reward and motivate executive leadership and faculty to lead North Carolina's community colleges into becoming the most effective, efficient educational institutions in the nation. As of April 11, the Foundation has raised more than $2.7 million in pledges and contributions.
The North Carolina Community College System, with more than 747,000 students, is the third largest community college system in the United States. It includes 58 comprehensive community colleges and the North Carolina Center for Applied Textile Technology. The System is the state’s primary agency for delivery of job training, literacy and adult education programs.
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