Donald R. Watson Foundation

The Donald R. Watson Foundation, Inc.(the "Foundation") was organized on February 23, 1994 as a North Carolina non-profit corporation whose purpose is to support charitable, religious, scientific, and educational institutions which are approved under Section 501(c)(3) tax-exempt organizations located in the State of North Carolina. Although legally separate, the Foundation is considered a blended component unit of the University, because the University appoints most of the Foundation's Board of Directors.

The Foundation is entirely funded by the original gift and the earnings on the endowment funds that were donated by the benefactor at the inception of the Foundation. In recognition of his philanthropy the Watson College of Education was named in his honor to perpetuate his vision.

The organizations supported by the Foundation are the University of North Carolina Wilmington (the "University"), Duke University, and St. John's Episcopal Church in Wilmington, N.C.