November 17, 2000

Wake Forest U. Receives 'Perpetual' Gift From Foundation

Wake Forest University has gotten a gift for the ages.

The Z. Smith Reynolds Foundation pledged this month to perpetually donate 3 percent of its annual income to the university.

The arrangement is unusual, says Laura G. Forman, a spokeswoman for the Council for Advancement and Support of Education. "It's a very creative way to honor a long-standing relationship," she says.

The gift -- estimated at about $750,000 this year -- will be applied to a

Digital or Print Subscription

Web Pass

Already have an account? Log In Now.