Amount donated in 2010: $40.2-million
Biggest beneficiary: North Carolina State University
Donors’ background: Mr. Poole founded Waste Industries USA, a waste-collection and disposal company in Raleigh, N.C., in 1970.
Mr. Poole and his wife, Carol, have pledged $40-million to North Carolina State University, in Raleigh, with the majority of the money—$37-million—earmarked for the College of Management, which will be named in Mr. Poole’s honor.
The gift will support the development of new programs, faculty research, student scholarships and fellowships, and other college activities.
Of the rest of the gift, $2.5-million will go to the Carol Johnson Poole Club House on the Lonnie Poole Golf Course, to which the couple donated $3-million in 2007, and $500,000 will go for an endowed fund in the College of Humanities and Social Sciences.
Mr. Poole earned a bachelor’s degree in civil engineering from the institution in 1959 and is vice chairman of the Board of Directors at the university’s foundation and a member of the university’s endowment board.
Through his board roles, Mr. Poole became increasingly aware that College of Management, established in 1992, faced trouble attracting financial support. He And he knew that government support was likely to dwindle given how much the bad economy had eroded state and federal budgets. The gift is the largest ever received by the university, say the institution’s officials. Thus far, the couple has provided $11-million of the pledge, with the rest to be paid over 10 years.
Mr. and Ms. Poole have also given $75,000 to the WakeMed Foundation—the fund-raising arm of WakeMed Health & Hospitals—for a wing at its children’s hospital in Raleigh; $51,000 to the Boy Scouts of America, in Irving, Tex.; and $25,000 to St. David’s School, in Raleigh. Mr. Poole is a member of the Southern Region Board of the Boy Scouts of America and serves on the executive council for both the organization’s Occoneechee Council and Central Florida Council.
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