The Endowment Fund of North Carolina State University
The Endowment Fund of NC State University was statutorily created by the State of North Carolina Legislature in 1977 and is subject to UNC System endowment policies.
The Endowment Fund is subject to annual review by State of North Carolina auditors and is reported in the University’s financial statements.
The Endowment Fund utilizes the investment services of the NC State Investment Fund, Inc.
Board of Trustees of the Endowment Fund, 2023-24
The Endowment Fund is governed by the Board of Trustees of the Endowment Fund, which includes the Chancellor, the Chair of the Board of Trustees of NC State University, and the Chair of the University Advancement Committee as ex officio members. Additional members are elected by the NC State University Board of Trustees. Endowment Fund Trustees serve staggered three-year terms, with two members being elected each year.
The Endowment Fund Board of Trustees is responsible for oversight of the Endowment Fund of NC State University, including accepting gifts, donations and bequests, and overseeing the prudent investment and management of the endowed funds.
For the most up-to-date organization structure of the Board of Trustees of The Endowment Fund of NC State University, 2022-23, we invite you to review our Org Chart.
Ed Weisiger, Jr., Chair | Charlotte, NC
President and CEO of CTE in Charlotte. Served as a member of the NC State University Engineering Foundation, the Student Aid Association Board of Directors and the W.H. Page Lifetime Giving Society, and is an honorary lifetime member of the NC State Alumni Association. Recipient of the ISE Distinguished Alumni Award. Established the Edward I. Weisiger Professorship in the area of construction engineering and management and Carolina Tractor & Equipment Co.
Ed Stack, Vice Chair | Morehead City, NC
Ed Stack is vice president of administration and development for Jarrett Bay Boatworks in Beaufort, North Carolina. He was previously the associate executive director of the NC State Student Aid Association, where he worked for 16 years. As vice president of the Alumni Association Board of Directors, Ed has served as their representative on the NC State University Foundation Board and the NC State University Investment Fund Board. Ed graduated from NC State’s Wilson College of Textiles with a Bachelor of Science in textile apparel and management in 1992, and he served two terms as student body president from 1990 to 1992
W. Randolph “Randy” Woodson, Chancellor
Dr. Randy Woodson, the 14th chancellor of North Carolina State University, is a nationally recognized scholar and academic leader who oversees the largest university in North Carolina with more than 34,000 students and a budget of $1.4 billion.
Robert “Chip” Andrews | Raleigh, NC
NC State alumnus Robert “Chip” Andrews, former chairman and CEO of FMI Corporation. Andrews is currently a managing partner of Andrews Ventures LLC and member of the NC State University Board of Trustees. Andrews has served on the Poole College of Management’s Advisory Board. In addition, he has previously served on the Board of Visitors, as chair of Friends of the Gregg Museum, as chair of the Graduate School Advisory Board, as a founding member and president of the Friends of the Gallery of Art & Design, and as a volunteer leader for the Campaign for NC State Students. He is also a member of the C.W. Dabney Lifetime Giving Society.
Thomas E. Cabaniss | Richmond, VA.
Chair of the NC State University Board of Trustees. He was also the President of the NC State Alumni Association and is an Honorary Lifetime member. Tom previously was on the NC State University Foundation Board of Directors and is the founding member of the State Club Board of Directors. He is also a member of the Peele Giving Society. Tom graduated with a B.S. in Industrial Engineering from NC State in 1972, and a J.D. from University of Virginia in 1975.
Stanhope A. Kelly | Raleigh, NC
Stan Kelly is the CEO and President of Piedmont Triad Partnership. He graduated from NC State’s Poole College of Management, earning his Bachelor of Arts in Business Management in 1980. In addition to his service on the Board of Trustees, Stan is Director on the Board of Glen Raven, Inc. and was previously President of Wachovia Wealth Management and Wells Fargo Carolina’s community Banking. He was also a member of the NC State University Foundation Board, a member of the Park Scholars Selection Committee, Chair of the Poole College of Management Achieve! Campaign Steering Committee, a member of the Alumni Association Board of Directors, and Chair of the Winston-Salem Foundation. In 2005, he received the Pool College of Management Alumnus of the Year award and, in the same year, was granted an honorary lifetime membership in the NC State Alumni Association.
Michael Lawrence | Raleigh, NC
Michael Lawrence is a certified public accountant with over 25 years of experience in accounting and financial services. He has served in leadership roles as Chief Financial Officer, Chief Operating Officer and President and Chief Executive Officer throughout his career. Mr. Lawrence works at Alamance Farmers’ Mutual Insurance Company and has previously worked at North Carolina Mutual Life Insurance Company, NCM Capital Management Group Inc., and Deloitte and Touche, LLP. He has been a Director of M&F Bancorp Inc. since 2006 and for its subsidiary Mechanics & Farmers Bank since June 2005, serving on various committees including Vice-Chairman of the Audit Committee and Chairman of the Information Systems Committee. In addition, Mr. Lawrence has served on the North Carolina State Investment Fund Board from 2010 to 2019, ending his tenure as Chair of the Board. Throughout his career he has served on various non-profit board organizations in the Raleigh-Durham area. He earned a Bachelor of Arts degree in Accounting from North Carolina State University.
Susan P. Ward | Raleigh, NC
Former member of the NC State Board of Trustees. Member of the College of Veterinary Medicine Foundation Board since 1993, currently serving as President for the third time; member of the Shelton Leadership Center Board of Advisors, the Wolfpack Women In Philanthropy, and the Endowment Fund Board of Trustees. Past service includes the Friends of the Gregg Board, Arts NC State Board, the Achieve! Campaign Steering Committee, the executive committee for the Campaign for NC State Students, and the Think and Do the Extraordinary Campaign Steering Committee. Ms. Ward also served on search committees for the Vice-Chancellor for Academic and Student Affairs, for Deans of the Colleges of Textiles and Veterinary Medicine, for Associate Vice-Chancellor of University Advancement, and on the Building Committee for the Park Alumni Center. Ms. Ward, with her late husband Randall, led the College of Veterinary Medicine’s campaign to build the Randall B. Terry Jr. Companion Animal Medical Center and funded the Hannah Heart Pavilion within the Terry Center. They created scholarships in Veterinary Medicine, Art & Design, Textiles, Education, the Caldwell Fellows Program, Athletics, and the Arts.
H.G “Hans” Warren Jr. | Charlotte, NC
Hans Warren received his B.A. in civil engineering construction from NC State in 1984. He is the president of Warco Construction, Inc., a Charlotte, NC-based construction company specializing in sprayed fireproofing and commercial interior construction. Warren currently serves as a board member of the NC State University Foundation, Inc. and a member of the Civil, Construction, and Environmental Engineering Industry Advisory Board, having formerly served as a member of its Development Committee. He is also a member of the W.H. Page Society, a lifetime member of the NC State Alumni Association, a charter member of the Lonnie Poole Golf Course.