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NC State Receives $40 Million Gift

NC State has received the largest gift in the University's history. Lonnie and Carol Johnson Poole have given $40 million, most of it to the College of Management.

Lonnie Poole is a graduate of NC State and founded Waste Industries USA in 1970. He led an investor group that took the company private for $550 million in 2008.

$37 million of Poole's $40million gift will go to the College of Management at NC State. That school will now be named for him. $2.5 million will go towards building a clubhouse at the university's golf course.

The gift to the College of Management will go into the endowment. It will be used to pay for scholarships and faculty salaries.

Dave DeWitt is WUNC's Supervising Editor for Politics and Education. As an editor, reporter, and producer he's covered politics, environment, education, sports, and a wide range of other topics.
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