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Endowment Honors Harlan E. Boyles

BOONE — More than $200,000 has been contributed or pledged toward a $250,000 endowment at Appalachian State University honoring retiring N.C. Treasurer Harlan Boyles. The endowment will fund the Harlan E. Boyles Partners in Excellence Professorship and the Harlan E. Boyles Scholarship in Business awards.

The professorship is one of 10 being established in the Walker College of Business. The $5,000 award will be presented every two years to an outstanding faculty member. It will include a salary stipend and funds to enhance the faculty member’s teaching.

The Boyles scholarship will be awarded to the best and brightest students in the business college.

The endowment is being funded by contributions from Boyles’s family, friends and colleagues.

“It is fitting that the scholarship and professorship bear Harlan’s name. He has always had such a focus on students and education,” said Kenneth E. Peacock, dean of the Walker College of Business.

Boyles has been a member of the state government for more than 49 years, first as a corporate tax auditor. He joined the treasurer’s office in 1960 as a deputy treasurer and was elected treasurer in 1976.

During his tenure, the state’s investment portfolio grew from $4 billion to more than $68 billion in assets. North Carolina is one of only eight states to hold a Triple-A credit rating, a rating that saves the state in lower interest rates on bonds issued for education, transportation or construction projects.

Boyles announced in January that he would not seek re-election to the office of state treasurer.