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The NC State Endowment Fund functions as a perpetual financial engine, providing critical long-term support for North Carolina State University. It aggregates thousands of individual, donor-created endowments, expertly managed by the Office of Investments. Employing diverse investment strategies, the fund generates consistent returns while preserving capital. This sophisticated management ensures sustained financial stability, directly advancing the university’s educational, research, and outreach missions.
The fund's origin is rooted in legislative action, with its governance established by North Carolina General Statutes. These statutes created the Board of Trustees of the Endowment Fund, tasking it with prudent management of institutional gifts and bequests. This foundational insight recognized the critical need for a permanent financial resource to secure the university's future, enabling strategic planning and program support.
Primary beneficiaries include NC State students, receiving vital scholarships and fellowships, and faculty, supported through endowed professorships for research and teaching. The fund also facilitates various experiential learning opportunities. Its long-term vision is to continuously empower NC State's mission, fostering academic excellence and groundbreaking innovation for current and future Wolfpack generations.
NC State Endowment Fund has 1 tracked investment across 1 company. The latest tracked deal is $6.9M Series B in Second Nature in July 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 25, 2017 | Second Nature | $6.9M Series B | Arsenal Venture Partners | John Replogle, Azure Capital Partners, Bonaventure Capital, Cofounders Capital, IDEA Fund Partners, Michael Olander, RTP Capital, Triangle Angel Partners |