The North Carolina A&t Real Estate Foundation Inc

TO PROVIDE SCHOLARSHIPS AND INSTITUTIONAL SUPPORT TO NORTH CAROLINA A&T STATE UNIVERSITY STUDENTS, FACULTY, AND DEPARTMENTS, AS WELL AS TO SUPPORT INSTITUTIONAL REAL ESTATE ACTIVITY.

THE FOUNDATION PROVIDES DIRECT SUPPORT TO NCA&T STATE UNIVERSITY DEPARTMENTS BY THE MANAGEMENT OF FUND ACCOUNTS THAT INCLUDE RESTRICTED, UNRESTRICTED, SCHOLARSHIPS, ENDOWMENTS AND GRANTS. THE FOUNDATION MANAGED FIVE NEWLY AWARDED GRANTS THAT TOTALED $2,842,000 THAT WERE AWARDED FROM THE FOLLOWING CORPORATIONS AND ORGANIZATIONS: CHARLES & LYNN SCHUSTER FAMILY FOUNDATION, THE NATIONAL MANRRS OFFICE, THE NC PORK COUNCIL, JPMORGAN CHASE BANK, N.A., AND TOYOTA MOTOR COMPANY. THESE GRANTS PROVIDED SCHOLARSHIPS FOR ASPIRING BLACK EDUCATORS, A GRANT TO ESTABLISH AN ASSISTANTSHIP PROGRAM, A GRANT TO SUPPORT EDUCATION AND LIVING EXPENSES OF GRADUATE STUDENTS, A GRANT TO SUPPORT FINANCIAL LITERACY AND TRIO PROGRAMS, AND A GRANT TO PREPARE BUSINESS LEADERS WHO ARE EQUIPPED, MOTIVATED, AND CHALLENGED TO COMPETE IN A GLOBAL MARKET WITHIN THE FOLLOWING COLLEGES AND DEPARTMENT: COLLEGE OF EDUCATION, COLLEGE OF AGRICULTURE AND ANIMAL SCIENCES, OUR UNIVERSITY'S DEPARTMENT OF ACADEMIC AFFAIRS, AND THE COLLEGE OF BUSINESS AND ECONOMICS. AS A RESOURCE TO THE UNIVERSITY, THE FOUNDATION DIRECTLY AWARDED SCHOLARSHIPS IN THE AMOUNT OF $343,790.78. THE FOUNDATION ALSO AWARDED $1,991,501.35 FROM DEPARTMENT SCHOLARSHIP FUNDS AND $17,840 FROM THE THURGOOD MARSHALL FUND FOR EMERGENCY FUNDS TO STUDENTS IMPACTED BY COVID-19.

THE FOUNDATION PROVIDES FACILITIES FOR A FIVE STAR CHILD DEVELOPMENT LABORATORY FOR ACADEMIC PREPARATION AND TEACHING.

THE EVENT CENTER PLAYS A PIVOTAL ROLE IN THE EXPANSION OF THE UNIVERSITY. THE MANAGEMENT OF THE EVENT CENTER POSITIVELY SUPPORTS EFFORTS BY THE UNIVERSITY IN RECRUITMENT, FACULTY DEVELOPMENT, COMMUNITY ENGAGEMENT AND MARKETING THE UNIVERSITY TO A MULTITUDE OF CONSTITUENCIES. THIS WAS THE FIRST YEAR THE UNIVERSITY OPERATED UNDER NORMAL CONDITIONS SINCE COVID. THE EVENT CENTER MANAGED THE COVID VACCINATION CLINICS IN PARTNERSHIP WITH THE UNIVERSITY'S STUDENT HEALTH CENTER AND MOSES CONE HEALTH SYSTEM. THE EVENT CENTER ALSO HOSTED AN ADDITIONAL 25 UNIVERSITY DEPARTMENT HELD EVENTS.

THE FOUNDATION'S MISSION IS CENTERED ON EXPANDING THE FOOTPRINT OF OUR UNIVERSITY IN ITS ALIGNMENT WITH THE UNIVERSITY'S MASTER PLAN THAT INCLUDES ECONOMIC DEVELOPMENT AND REVITALIZATION OF THE EAST GREENSBORO AREA SURROUNDING NORTH CAROLINA A&T STATE UNIVERSITY'S COLLEGE CAMPUS. THE FOUNDATION EXPANDED ITS TEAM WITH THE HIRING OF THE DIRECTOR OF REAL ESTATE. MOREOVER, THE FOUNDATION'S STAFF HAS UNDERGONE TRAINING ON NEW MARKET TAX CREDITS TO UNDERPIN ITS ECONOMIC DEVELOPMENT ENDEAVORS. THE FOUNDATION CONTINUES TO WORK IN PARTNERSHIP WITH ITS EAST GREENSBORO RENAISSANCE COMMUNITY ADVISORY COMMITTEE WHOSE FOCUS IS IN THE REVITALIZATION OF THE COMMUNITY SURROUNDING THE UNIVERSITY SPEARHEADING STRATEGIC ECONOMIC DEVELOPMENT PROJECTS IN THE NEXT SEVERAL YEARS. THE FOUNDATION ACQUIRED A MAJOR PROPERTY IN ITS ECONOMIC DEVELOPMENT EFFORTS. THE FOUNDATION ACQUIRED AND RENOVATED A WAREHOUSE TO PROVIDE STORAGE FOR ITS UNIVERSITY'S PARTNERS. THE FOUNDATION SUCCESSFULLY EXECUTED THE PSA TO ACQUIRE TWO ADDITIONAL APARTMENT COMPLEXES THAT WILL ADD AN ADDITIONAL 350 BEDS TO ITS CURRENT INVENTORY. THE FOUNDATION IS ALSO ON TRACK WITH ACQUIRING PROPERTIES TO FACILITATE IN THE UNIVERSITY 'S CONSTRUCTION PLANS OF A NEW 425+ BED RESIDENTIAL LIFE FACILITY WITH RETAIL SPACE.