FAYETTEVILLE, N.C. — Methodist University in Fayetteville has received a $1 million endowment.
University President Ben Hancock Jr. announced the endowment Monday, saying it came from the estate of two lifelong members of the Methodist Church.
The endowment came from the estate of Richard and Etta Aiken Butler of Durham. Butler worked in securities and as an investor. He died in November at age 93. His wife died nine years ago.
The money will be used to fund an undergraduate scholarship and one for master’s level students in the university’s physician assistant program.
The university has about 2,400 students.
Credit: The Associated Press.