NC Zoo Society Receives the Largest Gift in Its 44-Year History
The late Dr. Addison G. Mangum, Albemarle, left the NC Zoo Society an estate valued at about $4 million. This donation is the largest gift the Zoo Society has received during its 44-year history. Dr. Mangum bequeathed his entire estate to the Zoo Society and placed no restrictions on how his gift could be used.
"While Dr. Mangum required nothing of the Zoo or Zoo Society for his wonderful bequest, we are planning, with his executor, to ensure that his gift receives permanent and appropriate recognition inside the Zoo," said Cheryl C. Turner, interim executive director.
The executor reported that Dr. Mangum made this gift because he wanted to leave a legacy that would benefit the people of North Carolina. He chose the Zoo Society because the North Carolina Zoo offers so many different kinds of services to people of all ages and from all backgrounds. The Zoo's educational programs reach across generations to teach kindergarten children as well as graduate students, and the Zoo holds out a safe and interesting place where families and friends can gather to have fun and to learn about nature and each other. And, because Zoo staff undertakes conservation and research work inside the state and in other countries, Dr. Mangum's gift has the potential to improve the well being of people in North Carolina and in distant parts of the world. The variety and depth of these services make it possible for Dr. Mangum's gift to touch the lives of hundreds of thousands of people every year.
Whenever it receives unrestricted bequests such as this one, the Zoo Society places the gifts into its Lions' Pride Fund, a quasi-endowment that generates earnings that are used annually to help meet the Zoo's ongoing needs. The fund is managed, though, to remain fluid enough that the principal can be used if the Zoo must deal with an extreme emergency.
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