Printer Friendly


 RICHMOND, Va., Aug. 23 /PRNewswire/ -- J.B. Fuqua, an Atlanta businessman and philanthropist, announced today that he has established a $10 million fund to support a K-12 private school in Farmville, Va. The present Prince Edward Academy has been renamed the Fuqua School and has new colors, a new logo and a new mascot.
 The Fuqua School will be a model rural school with state-of-the-art facilities and equipment. Plans are underway for a new science laboratory, computer access for every student and a new multi-use center. Teacher incentives as well as student scholarships will be offered, particularly for minority children.
 "I got my basic values from my youth in Prince Edward County. I am pleased to be able to give back to the community some of what it gave to me," said Fuqua. "My vision is for the Fuqua School to be the finest rural school in the nation." Fuqua was raised on a tobacco farm in Prince Edward County. After graduating from a rural high school, he skipped college, went to work, and is noted for being one of the nation's most successful businessmen.
 Over the last 20 years, Fuqua has donated more than $50 million to both public and private educational and cultural institutions, hospitals, medical research and religious institutions. Among the better known results of Fuqua's philanthropy is the Fuqua School of Business at Duke University to which he has contributed nearly $20 million and the $5.5 million Dorothy B. Fuqua Conservatory at the Atlanta Botanical Gardens.
 Fuqua said he expected the Fuqua School to work with Longwood College, Hampden-Sydney College and the public schools of Prince Edward County to make Farmville a national model of excellent education in a rural area.
 "We are extremely happy and grateful that Mr. Fuqua has taken an interest in our school," said Robert Taylor, the retiring chairman of Prince Edward Academy's board of directors.
 Bob Redd, chief administrative officer, added, "I share with Mr. Fuqua the vision of making this school the finest rural school in the nation, and I appreciate the opportunity he has given us."
 The school, which is located on a 60-acre campus, has a current enrollment of 600 students from a 10-county area. There are approximately 65 teachers and faculty at the school.
 The president and CEO of the Rural Education Foundation, which will operate the Fuqua School, has not been named.
 Fuqua, who is 75, and his family reside in Atlanta. He is currently the chairman of the board of The Fuqua Companies and chairman of the board of Vista Resources, Inc. (NYSE: VS). He is founder of the former Fuqua Industries, Inc., a Fortune 500 company. Fuqua holds eight honorary degrees and is a member of numerous organizations and boards. He has received many awards, including the 1993 Philanthropist of the Year Award from the National Association of Fund Raising Executives.
 -0- 8/23/93
 /NOTE TO EDITORS: A photo of Fuqua is available by calling Betsy Brack, 804-392-4131, or the contact below./
 /CONTACT: Thomas L. Drew for the Rural Education Foundation, 919-286-3444 or 804-392-4131/

CO: The Rural Education Foundation ST: Virginia IN: SU:

DC-TW -- DC019 -- 5162 08/23/93 16:16 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 23, 1993

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters