Kenneth Randolph, Jr. of Morgantown, W.Va., and Katherine Hutton Carmichael of Gastonia, N.C., have donated real estate valued at $730,000 to the West Virginia University Foundation. The jointly owned property, which is located adjacent to the WVU grounds on Campus Drive, was used to create two $365,000 charitable remainder unitrusts.
The gifts will provide income for life to both, as well as remainder funds for the benefit of the College of Business&Economics, the Eberly College of Arts&Sciences and the Schools of Dentistry and Physical Education.
Randolph and his wife, Beverly Nefflen Randolph, will use their remainder fund to honor his parents with the Kenneth Vincent and Elizabeth Bachman Randolph Professorship in Dentistry. The gift will also establish the Randolph-Nefflen Business&Education Scholarship and the Nefflen-Randolph Physical Education Scholarship.
I acquired the land in 1977, when my partner, Eugene Elihu Hutton, and I purchased it,Randolph said.After Dr. Hutton died in 2001, Kathy Hutton Carmichael and I decided to donate the property. We wanted to provide something back, because we have a lot of connections at WVU . We thought it would be a good thing to do.
Carmichael and her husband, Don, plan to use their remainder fund to create a professorship in environmental biology, as well as a scholarship fund for graduate and undergraduate biology students. She inherited the real estate from her late father, Eugene E. Hutton Jr., MD, who was renowned for his avid interest in botany and the environment.
The use of the moneys in the Eberly College of Arts and Sciences was a natural consideration with my fathers interest in botany, the environment, and issues related to conservation and health,Carmichael said.
The donors have strong ties to WVU . Not only is Randolph (71) a graduate of the College of Business and Economics, his father was the second Dean of the School of Dentistry. His wife, Beverly, received both her undergraduate (67) and masters (74) degrees in physical education from WVU . The couple has three children, Russell, Shawn and Ted, all of whom are WVU alumni. Randolph also is a former Morgantown mayor and City Council member.
While Carmichael is not an alumna, her father received both a BS and an MS in biology from WVU before completing his medical degree at the Medical College of Virginia. She has lived in North Carolina most of her adult life with her husband and their two children, Ben and Katie.
My father had decided to make this gift before his death,explains Carmichael.It is with great pride and honor to him that I carry out his wishes of a contribution.
The gift has been made in conjunction with the Building Greatness Campaign, a University-wide initiative being conducted by the WVU Foundation that has raised $275.2 million in private support. The WVU Foundation is a private non-profit corporation that generates, receives and administers private gifts for the benefit of West Virginia University.