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Pee Dee Electric Commits $500,000 to FMU

FLORENCE---Pee Dee Electric Cooperative Inc. in Darlington has pledged $500,000 toward the Campaign for Excellence at Francis Marion University.

 Robert W. Williams Jr., president and chief executive officer of Pee Dee Electric, said he was pleased that his company is able to support the university’s effort to secure funds from the private sector.  Williams is a member of FMU’s Board of Trustees and is treasurer of the FMU Foundation.

 Williams said that Pee Dee Electric would make contributions in four areas to support the campaign.

 He pledged to continue funding the Pee Dee Electric Cooperative Scholars program at $70,000 per year for the next five years for a total commitment of $350,000.  The utility began a scholarship program 10 years ago for children of the member-owners and employees of Pee Dee Electric.  The program has grown significantly over the years.

 Williams also announced that $100,000 would be used to establish a chair in the name of Pee Dee Electric Cooperative Board of Trustees.  This chair will be designated for a faculty member in the Physics Department.  This is the first chair at FMU to be funded for this discipline.

 The firm also pledged that $30,000 be used for support of the Program for Young Scholars.  The funds will be used for children of the member-owners and employees of Pee Dee Electric Cooperative who wish to participate in this program.

 Williams further committed $28,000 to fund the Pee Dee Electric trustee scholarships named for R. Sidney Kelley and Thomas B. Cunningham.

 FMU President Fred Carter praised the generosity of Williams and Pee Dee Electric Cooperative.  “Robert Williams and Pee Dee Electric are long-time supporters of Francis Marion University and are indicative of what fine corporate citizens we have in the Pee Dee region,” said Carter.  “We are so fortunate to have the support of this utility cooperative that serves our region.”

 The Campaign for Excellence is being conducted through the FMU Foundation to raise private support for FMU programs over the next five years.  The campaign has already secured more $6.7 million in gifts and pledges toward its $12 million goal.

#224 / 6-21-01

Last Published: May 6, 2004 9:37 AM
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