Terry Foundation Gives $16 Million for Veterinary Research, Scholarships
For Immediate Release
Chancellor Randy Woodson announced today a $16 million gift from the Randall B. Terry Charitable Foundation that will fund research, scholarships and endowed professorships at NC State’s College of Veterinary Medicine.
The gift will provide $8 million in funding for student scholarships, more than doubling the college’s current scholarship endowment.
An additional $3 million is allocated for research, also doubling the amount of internal funding available. The remaining $5 million will be used to support faculty through endowed professorships.
“Philanthropy has had a tremendous impact on NC State,” Woodson said. “The continued support of the R.B. Terry Foundation hasn’t just changed the landscape for the College of Veterinary Medicine, it’s created a global center of medical excellence.”
Created in 1996 by the late Randall B. Terry Jr., who was co-publisher of the High Point Enterprise, the foundation has contributed more than $47 million to the College of Veterinary Medicine, including a $20 million pledge in 2005 to help build the Randall B. Terry Companion Animal Veterinary Medical Center, which opened in 2011.
“The R.B. Terry Charitable Foundation has contributed more than any other donor to building NC State’s College of Veterinary Medicine into a world-class and world-leading institution,” said Dr. Paul Lunn, dean of the College of Veterinary Medicine. “This new commitment will support our students, fund research to ensure that this college is discovery driven, and enable us to recruit and retain world-class innovators to lead our programs.”