Former College of Agriculture and Life Sciences Dean Durward Bateman and his wife, Shirley, have donated a farm and timber land in Chowan County that eventually will enrich the Bateman Scholarship Endowment.
The proceeds from the sale of the land and timber, estimated at $50,000, will fund a charitable remainder trust to benefit the Batemans for their lifetimes. The proceeds from the trust eventually will go to the Bateman endowment, which was established when Dean Bateman retired in 1997 after more than 40 years of service to higher education.
The ongoing campaign to fund the endowment, which will support the Thomas Jefferson Scholars Program of the College, has raised more than $350,000 in contributions and pledges.
Dr. and Mrs. Bateman live in Raleigh.
Former N.C. State University Alumni Association President William S. Lamm and his wife, Melda, of Kinston have established an endowment awarding scholarships primarily to agronomy students.
The Lamms gift of stock, valued at more than $100,000, will fund a charitable remainder trust for their lifetimes. Scholarships will be awarded to agronomy students first, then to students enrolled in any traditional agriculture program in the College.
Bill Lamm earned a bachelors degree in 1953 and a masters degree in education in 1969, both at N.C. State. He is retired from the Lenoir County Center of the North Carolina Cooperative Extension Service. Mrs. Lamm is a retired registered nurse.
Dr. and Mrs. Grady Martin of Raleigh have established the Grady and Geneva Martin Endowed Scholarship. Dr. Martin is Extension professor emeritus in the department of poultry science at N.C. State. He retired in 1985. The Martins recently donated two townhouses valued at $36,000 to establish the scholarship. It will be awarded based on merit to students enrolled in any program in the College of Agriculture and Life Sciences.
In fiscal year 1997-98, the College of Agriculture and life Sciences received $20.8 million in investments.
This amount included $16.6 million in cash or outright gifts and $4.2 million in deferred or trust gifts.
Private gifts to the College have increased from $1.9 million in 1989 to the record $20.8 million last year.
The cost of raising funds for the College, including the administrative costs associated with the four foundations affiliated with the College (the North Carolina Agricultural Foundation Inc., the North Carolina Tobacco Foundation Inc., the North Carolina Dairy Foundation Inc. and the North Carolina 4-H Development Fund Inc.), was only 1.9 percent in 1997-98, a record low. This compares with the 16 percent average cost of raising funds at foundations on university campuses nationwide.
The Colleges Campaign for Students, part of a universitywide fund-raising initiative, is making progress toward its goal of raising $15.45 million for undergraduate and graduate student scholarships and fellowships. As of March 1, $12.2 million had been committed to the Colleges campaign, which began in November 1993.
The universitywide campaign, which was officially initiated in April 1997 with a goal of $80 million, already has surpassed $81.5 million. However, fund-raising will continue with the hope that each of the 14 individual campaign entities, including the College of Agriculture and Life Sciences, reaches its goal. The N.C. State Campaign for Students will officially conclude in December 1999.