The Duke Energy Corporation awarded Wake Forest University’s Wayne Calloway School of Business and Accountancy a $500,000 grant.
The grant was presented in honor of the late Thomas H. Davis, a member of Duke Energy’s board of directors from 1978-1990. The grant was made possible through the corporation’s Directors’ Charitable Giving Program, which provides memorials in honor of board members.
Davis, who was a lifetime member of Wake Forest’s board of trustees, designated the university as the recipient of his memorial grant.
The grant will be added to the endowment for the Calloway school’s Thomas H. Davis Chair of Business held by professor Umit Akinc. The endowed professorship was established by employees of Piedmont Airlines in honor of Davis, the company’s founder. Davis died in April 1999.
Headquartered in Charlotte, Duke Energy is a global energy company that reaches into more than 50 countries, producing energy, transporting energy, marketing energy and providing energy services. In the United States, Duke Energy companies provide electric service to approximately two million customers in North Carolina and South Carolina; operate interstate pipelines that deliver natural gas to various regions of the country; and are marketers of electricity, natural gas and natural gas liquids.
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