Monday, May 23, 2022

Methodist University receives record $14M gift

Fayetteville’s Methodist University received a $14 million gift, the largest in school history, from the estate of financial executive Robert Chaffin.

More than $12 million of the gift will go for student scholarships with $1.5 million for the university’s nursing program and its facility, which will be renamed for Chaffin. His career included stints at Commercial Credit Corp. in Lumberton and Fayetteville, Cross Creek Savings and Loan and East Coast Savings and Loan, both in Fayetteville. Chaffin died in May at age 93.

 “This remarkably generous gift demonstrates the extent to which the path we are taking as a faith-based university, rooted in the liberal arts but with strong professional programs, is both appreciated and valued,” President Stanley T. Wearden said in prepared remarks. “This gift also gives MU an even greater opportunity to offer scholarships that open doors for students who seek MU’s unique combination of a tight-knit, inclusive community with a top-tier education.

Chaffin was an active member of Camp Ground United Methodist Church in Fayetteville. He served in the U.S. military and graduated from UNC Chapel Hill after earlier attending Campbell University.

“The Board of Trustees at Methodist University has long wanted to grow our endowment and Mr. Chaffin’s gift is foundational as we launch a campaign for that purpose and continue to make MU affordable to all who desire our commitment to a mission-based education that prepares students to be both successful professionals and capable moral actors in the world,” said Mac Healy, chair of the Methodist University Board of Trustees.

Methodist has 2,000 students in about 80 different programs.

Core Technologies

The story behind Core Technology Molding

I was at a manufacturing industry conference (MFGCON) last week in Durham. That’s where I heard Geoff Foster talk about the company he founded in 2006, Core Technology Molding Corporation in Greensboro.  
Fayetteville Tech Sundial Fountain

Fayetteville Tech’s president prepares for retirement

Larry Keen is retiring as president of Fayetteville Tech, the state’s third-largest community college, effective Jan. 1. Here is his story, one that is not widely known. 

Supreme Court justice cites hire as reason to oust chief judge

N.C. Supreme Court Justice Phil Berger Jr. isn’t on the ballot this year, but he’s taking an active role in determining which GOP candidates for appellate courts make it to the November election. Berger, whose father is...

Culbertson: How to negotiate with David Tepper

This is a column by John Culbertson, owner of Cardinal Real Estate Partners LLC in Charlotte. He's a veteran real estate adviser and investor. How do you negotiate with someone who has 17.7 billion dollars?...

Deal would double Atrium Health’s size

Atrium plots Midwest expansion
For 40 years, sharing the stories of North Carolina's dynamic business community.

Related Articles