The gamecock. (Columbia, S.C.) 1908-2006, October 01, 1999, Page 4, Image 4
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The Tiger, Clemson • The Daily Tar Heel, UNC • The Red & Black, UGA • The Cavauer Daily, UVA
Alumnus donates $28.6 million to UNC
by Sophia Raff
The Daily Tar Heel
A UNC alumnus has donated $28.6
million to the university, the largest sin
gle gift in the school's history, officials an
nounced Thursday.
The bequest, from the estate of David
Benjamin Clayton, a member of the Class
of 1949, was announced at an afternoon
press conference following a Board of
Trustees meeting.
Officials said the money would go
toward funding more scholarships, re
structuring the advising system, endowing
the School of Law and building a
free-standing black cultural center. “This
is enlightened philanthropy,” BOT chair
woman Anne Cates said. “This is ful
filling a lot of needs we have been talk
ing about for a long time.”
Clayton, who owned a number of
H&R Block franchises, died in 1978.
Before his death, he requested
that the franchises be sold in 20 years
and all proceeds given to the universi
ty
Provost Dick Richardson said at the
press conference the late Chancellor
Michael Hooker approved the plan for
allocating the money before he died'of
lymphatic cancer in June.
“Many of these initiatives were very
dear to his heart,” Richardson said.
. ”' ".— ■■■ ■
would have been excited to have a gift
that would do any one of these things.”
Student Body President Nic Heinke
said the beauty of the whole gift was that
all the components worked well to ben
efit the entire campus. “This is something
that embodies to me the university
community,” he said.
“These projects are things that have
been priorities for so long. It's great to see
politics step aside and really look at the
needs of the university.”
A laige portion of the money, $11.8
million, will create a Chancellor's Dis
cretionary Fund-to benefit university pri
orities.
This year, some money from the fund
will be used to build a free-standing Son
ja H. Stone Black Cultural Center and en
dow the School of Law. “I think it's im
portant for a great university to have a
great law school, and I think this money
helps,” said Gene Nichol, dean of the law
school. “It's a tremendous gift.”
Nichol said the money was part of a
package that would allow the school to
hire a number of new faculty members,
open more scholarships to graduate stu
dents and offer a broader curriculum.
“Gifts like this can make the differ
ence in terms of providing, quite literal
ly, the best education in the world,” he
said.
Money from the endowment will
be used to build a free-standing BCC build
ing. The Board of Trustees authorized a
plan Thursday to build this $9 million cen
ter, with $6 million coming from the Clay
ton endowment.
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