It's the largest single contribution in N.C. State's 126-year history. It will go toward permanently funding the university's Park Scholarships program.
"Through its exceptional generosity, the Park Foundation has demonstrated its passion for higher education, ensuring that the life-changing gift of an N.C. State education will be available to promising young men and women now and well into the future," Woodson said in a statement. "This tremendous gift honors Roy H. Park, an N.C. State alumnus who created the Park Foundation, dedicated to supporting causes related to education, media and the environment. I'd like to think Mr. Park would be proud of the legacy he has created at NC State and the legacy each class of Park Scholars leaves behind," Woodson added.
Established in 1996, the Park Scholarships program selects approximately 45 scholars from across the state and around the nation each year, and provides them a four-year scholarship, a computer stipend, enrichment grants, specialized faculty mentoring, and a wide variety of experiential learning opportunities.
More information is available on the N.C. State announcement page at http://park.ncsu.edu/park-scholarships-endowment/.