Longtime Wolfpack Club board member gives $5M to endow NC State athletic director post :: WRALSportsFan.com
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Longtime Wolfpack Club board member gives $5M to endow NC State athletic director post :: WRALSportsFan.com

Posted on by Matthew Reynolds

By Brian Murphy, WRAL

NC State has endowed its athletics director position and renamed the title after a $5 million gift from Brian and Konni McMurray.

Brian McMurray is a longtime member of the Wolfpack Club board and a former president of the board. A 1986 graduate of NC State’s Wilson School of Textiles, he owns McMurray Fabrics and ATEX Technologies.

The postion will be named the McMurray Family Director of Athletics. NC State is the fourth ACC school to endow or name its athletics director position, joining Boston College, Notre Dame and Stanford.

The gift comes at a time when NC State and other college athletic departments are seeking additional revenue to keep up with rising costs, particularly the advent of direct revenue sharing with athletes. Schools are expected to be able to share $20.5 million with athletes beginning this fall.

NC State generated $133 million in revenues in the 2023-24 fiscal year, according to a filing with the NCAA. Of that amount, $17.2 million came from contributions. In 2022-23, NC State reported $29.4 million in contributions.

“This investment not only strengthens the legacy of NC State as a premier institution but also helps ensure continued success for its athletic programs for years to come,” the McMurrarys said in a statement.

NC State is also seeking to sell naming rights to its football stadium, currently Carter-Finley Stadium.

NC State Athletic Director Boo Corrigan

Of the $5 million, $3 million will be used to create an endowement fund for the athletics director position. The remainder will be used for the athletic department.

In 2022, Brian McMurray was the recipient of the Distinguished Alumni Award for enriching the university’s history and increasing the value of an NC State degree.

“Not only have they generously supported the university in multiple ways, but they [the McMurrays] have helped the Wolfpack stay successful throughout a global pandemic and now in this ever-changing landscape of college athletics,” athletics director Boo Corrigan said in a statement.

McMurray has been a member of the Wolfpack Club board since 2013 and was its president from 2018 to 2023. The Wolfpack Club funds athletic scholarships and facilities projects for the department.


Source: wralsportsfan.com