Richard L. "Dick" Daugherty and his wife, Marlene, have pledged $500,000 to North Carolina State University
to establish an endowment to support "fledgling entrepreneurs." The endowment will fund activities of
individual entrepreneurs on campus who are interested in developing new products and businesses. Funding
for the Richard L. and Marlene D. Daugherty Centennial Campus Endowment for Entrepreneurship will be
provided by Progress Energy on behalf of the Daughertys. Daugherty has served on the company's board
for more than 10 years.
Daugherty worked on Centennial Campus as executive director of the NC State University Research Corporation.
In recognition of Daugherty's contributions to the university, the conference room in the Centennial
Campus Partnership Office has been named in his honor. Prior to his role at NC State, Daugherty spent
38 years with IBM, a portion of that time as vice president of worldwide manufacturing. In addition to
Progress Energy, he has served on numerous boards, including those of Wachovia, Winston Hotels and Rex
Hospital.