“From the time that she graduated from Fayetteville State she was actively involved in giving back to the university,” Carolyn Dunston, former Director of Alumni Affairs said.
Forshee passed away in May 2004, and upon her death, unbeknownst to the university, Forshee named Fayetteville State as a benefactor in her will, leaving $100,000 + to the University. She designated the money to be used for scholarships, so the gift from Forshee will set up an endowed scholarship in her name. Endowed scholarships provide a permanent source from which students can receive financial support. The gift (a minimum of $10,000) is put into a financial fund with the goal of achieving growth sufficient to preserve the value of the gift so the annual award is not diminished by inflation. Scholarship amounts are then based on the interest earned each year, which means that endowed scholarships are able to provide financial assistance year after year.
Katie Forshee was married to Ples Forshee for 50 years. He preceded her in death. She was a member of Smith Chapel Church for more than 50 years.
was a professor in the FSU Education Department for more than 30 years. Known for his dedication to his students and to educating others, Brown continued his legacy of dedication through a gift of $100,000 + to FSU. “He was actively involved with the university, not only being an instructor here but he was in with the National Alumni Association. He was a past president of the FSU Retirees Club. He brought national recognition to the university with his National Association of Institutional Research,” former FSU Director of Alumni Affairs, Carolyn Dunston, said. Upon retirement from FSU, Brown donated $10,000 for an endowed a scholarship in his name which is given to an education major each year. Following his death, Brown added to his gift by leaving $100,000 + more to the university. “He started through special insurance program. It reached maturity and upon his death, the rest was given to the university,” Dunston said.
“It’s really cool that they spent so many years working here and they gave so much of their life while they were alive and they continue to help students now,” Assistant Vice Chancellor for Institutional Advancement, Mary Bailey, said.
The planned gift is an annuity with the corpus held in trust. The interest from the annuity will go toward the establishment of the Dexter A. and Nealie Bacote McLean Endowed Scholarship to assist students who are members of the university’s marching band or play on an athletic team. The corpus of the annuity, valued at $20,000, will be a gift to FSU upon Mrs. McLean’s death. Mrs. McLean received a degree in education from FSU. A retired school teacher, she was born in Parkton, NC and currently resides in Rex.
“This act of generosity from the McLean family demonstrates their love and loyalty to Fayetteville State University,” said Stephen L. McDaniel, Vice Chancellor of Institutional Advancement. “Mrs. McLean has fond memories of her days as a student at this institution and she sees the establishment of this endowed scholarship as way of giving back to the place that has given her so much.”
Planned gifts allow donors to make a monetary commitment to the university without depleting their current assets. The gift is included in the donor’s will or trust agreement and will be deducted from the estate as a charitable gift upon the individual’s death.
To find out more about Planned Giving to FSU, contact Mary Bailey,
senior major gifts officer, at (910) 672-1390.