CSC News

December 06, 2007

Tates to Establish Named Scholarship Endowment

Planned Gift to Benefit Students from Caswell County

Photo of TatesKen Tate, Director of Development and External Relations for the NC State department of computer science, and his wife Sandra, have recently finalized gift plans directing outright and deferred planned gifts to establish the Kenneth & Sandra Tate Scholarship Endowment.

When in place, the endowment will provide scholarships for incoming freshmen at NC State University, with first preference going to students from Caswell County.  The awards are discipline neutral and will be renewable for up to three additional years, given satisfactory grades and academic progress.

Both Ken and Sandra are Caswell County natives and NC State University alumni.  Both lost a parent at a relatively young age, and came from families long on love and support, but short on financial resources.  Through hard work and perseverance, they finished their degrees at NC State and went on to successful careers at telecommunications giant, Nortel. 

“We have been so blessed in our lives”, says Ken, “and we simply want to share some of our success with others from our native Caswell County, so they may reach their potential in life.”

Because of their ongoing generosity over the years, the Tates are recognized as members of The Leonidas Lafayette Polk Lifetime Giving Society.  Ken adds, “Like many NC State alumni, most of our giving over the years has gone to the Wolfpack Club to support athletics.  That is all well and good, but since joining NC State as a development officer, my eyes have really been opened to the needs on the academic side of the equation.  Success on the academic front is not so different than it is on the athletic front; it takes tremendous support to reach that elite status.  We felt it important that we share our success in a balanced and responsible way.”   

The endowment will be created through a combination of creative gift planning mechanisms.  In particular, the endowment is the irrevocable beneficiary of a $50,000 life insurance policy that was established some 20 years ago.  The endowment will also be supported through outright cash gifts and other estate plans.

For more information on gifting options, click here.

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