DURHAM, NC - Duke University trustee Ralph Eads and his wife, Lisa, have committed to give $5.5 million to the university, most of which will support Duke's Energy Initiative, President Richard H. Brodhead announced Monday.
The gift will provide funding for an energy-finance professorship of the practice, fellowships, conferences and other events, and will help to create an energy information and analysis research program.
The Energy Initiative is a university-wide collaboration that is focused on the education of future leaders and research to find solutions. It also promotes engagement with business and policy decision makers to address three major energy challenges: meeting growing energy demand to support a competitive and prosperous economy, reducing the environmental impact of energy and addressing energy security concerns.
"We're grateful for this generous gift from Ralph and Lisa Eads, which will strengthen Duke's ability to contribute knowledge and expertise toward meeting the pressing energy challenges of our time," Brodhead said. "Their gift will ensure that the Energy Initiative will provide tomorrow's energy leaders and researchers with an innovative and integrated Duke experience, both inside and outside the classroom."
The Eads are giving $4.25 million to the Energy Initiative, a priority of Duke Forward, the $3.25 billion university-wide fundraising campaign launched last fall. Because of its critical and global significance, energy is also a theme of Bass Connections, a new initiative at Duke that will give students of all levels the opportunity to pursue problem-focused educational pathways with faculty and outside experts.
The remaining $1.25 million of the Eads' gift will support the Duke Annual Funds in Trinity College of Arts & Sciences, Sanford School of Public Policy, Fuqua School of Business and Duke Athletics.