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Through careful estate planning and discussions with the College of Agriculture and Life Sciences academic, research and extension, and leadership, Bill gifted 56% ownership in LaPaz, LLC to the NC Agricultural Foundation, Inc. and made a stock donation to fund a $3.6 million research and demonstration program. He also made plans for the management of LaPaz, LLC to be transitioned to the North Carolina Agricultural Foundation, Inc.
As a result, CALS and LaPaz have now partnered to realize Bill White's vision. La Paz will serve as a hands-on laboratory where NC State scientists will fine-tune the production of high quality caviar and sturgeon. A portion of the future income from La Paz, now a for-profit subsidiary of the NC Agricultural Foundation, will be reinvested in aquaculture research. And, finally, remaining future income will flow into the NC Agricultural Foundation's competitive grants program, increasing the support it is able to provide for faculty research and extension work for North Carolina.
For more information please select one of the following options:
1. If you would like to receive more information on the benefits of a current gift click here.
2. To learn more about giving options including current and planned gifts, you may print the Expressions of Philanthropy brochure. Click Here.
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