A-B Tech Receives Largest Private Donation in its History
A-B Tech Community College receives a $5 million gift from longtime supporters for naming rights to its new allied health and workforce development building.
Asheville, NC (PRWEB) April 10, 2013
Asheville-Buncombe Technical Community College announced the receipt a $5 million gift from longtime college supporters Jack and Carolyn Ferguson April 4 during the College´s annual fundraising gala, April in Asheville.
Believed to be the largest private donation to the College, the funds will be a transformational gift according to President Hank Dunn. “After more than 50 successful years in Asheville, this gift will help propel the College into the next 50 years. The Fergusons´ support has been invaluable,” he said.
In 2000, a BASF donation of nearly 37 acres and three buildings to A-B Tech was the largest gift of property in history to any community college.
The gift is for the naming rights to the College´s new Allied Health and Workforce Development building being developed to provide 21st century facilities to train students for 21st century jobs.
Speaking to the Fergusons, Dunn said, “You have changed lives well into the future. You will help us be a better world-class school. You do so much for our students.”
“What we do for young people is our hope for tomorrow,” said Jack Ferguson.
The Fergusons have a long history of involvement with the College, dating to 1959 when the A-B Tech was established. As a salesman at Lowe´s, Jack Ferguson worked closely with builders who constructed and remodeled some campus buildings.
The couple´s two daughters graduated from the nursing program and both of their sons have taken courses at the College.
The Fergusons also donated $100,000 to establish four more endowed scholarships at $25,000 each through the College´s foundation, in addition the Ferguson Family Trust Endowment they created in 2008.
“The building is important, but we need scholarships, too,” said Carolyn Ferguson.
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