SCANA Donates $100,000 to Francis Marion University on Behalf of Creighton McMaster
FLORENCE -- SCANA Corp., through its Directors' Endowment Plan, is donating $100,000 to Francis Marion University's Foundation. The gift is being made on behalf of Creighton McMaster, a retired member of the SCANA Board of Directors who served from1974 until 1998.
McMaster also served as a member of governing board of Francis Marion University for nearly 20 years and was active in helping the university grow and develop as a one of South Carolina's senior educational institutions.
SCANA President and Chief Executive Officer Bill Timmerman and Creighton McMaster made the presentation to FMU President Fred Carter during a ceremony at 11 a.m. at the university Tuesday (Aug. 24).
The funds will establish the McMaster/SCANA Endowment Fund to help support faculty research and development at FMU.
McMaster chose to make this donation to FMU, because of his long-standing relationship with the university which dates back to 1969 when he was appointed as a charter board member by then Gov. Robert McNair.
“I’m very happy that SCANA is allowing a retiring director to honor an institution that has done an excellent job in serving the Pee Dee,” McMaster said. “It’s extremely important to give faculty the opportunity to improve themselves and I hope that others will contribute to and grow this endowment fund to help support faculty development and research.”
“I’m also delighted the university had the wisdom to select Fred Carter as president. He is going to do a wonderful job,” added McMaster. “I feel the future is in good hands.”
"We are most appreciative to SCANA Corp., Bill Timmerman and Creighton McMaster for this generous gift in support of Francis Marion University," said FMU's Carter. "This gift will enable us to meet a critical need for our faculty. This endowment will provide funds for our faculty to pursue quality research and developmental opportunities in order to enhance their growth as scholars and teachers. Ultimately, our students will be the beneficiaries of this gift."
McMaster served on SCANA's Board of Directors for 25 years. The SCANA Directors' Endowment Plan provides for a director to designate donations that are funded through life insurance to qualified educational institutions.
Born in Winnsboro, McMaster graduated in 1951 from Duke University with a bachelor's degree in accounting and business administration. He served with the U.S. Marine Corps in the Korean War as a platoon leader with the 1st Marine Division.
A successful businessman, he is president and chief executive officer of the Winnsboro Petroleum Co. and president and director of McMaster Enterprises.
He always held a keen interest in higher education in South Carolina. He was former vice chairman of the Board of South Carolina State Colleges and was an original member of the State College Board of Trustees, including serving as vice chairman from 1970 to 1988 when the board was reconstituted into three separate boards, including one for FMU. It was in this position that he was particularly valuable to Francis Marion University.
FMU awarded McMaster a honorary doctor of humanities degree in 1991, the year he also was the commencement speaker.