Donation funds from Cannon Charitable Interests are earmarked to renovate the HVAC in Kornegay Arena on the campus of The University of Mount Olive.
MOUNT OLIVE — The University of Mount Olive has received $225,000 from The Cannon Foundation and $225,000 from the Charles A. Cannon Charitable Trust No. One.
“The Cannon Charitable Interests has for many years been a strong supporter of the University of Mount Olive,” said UMO President Dr. H. Edward Croom. “We are grateful for their continued support, and this generous gift.”
Croom noted that the funds have been earmarked to renovate the HVAC in Kornegay Arena. “With a total projected cost of $1.3 million, this generous gift from the Cannon Charitable Interests will go a long way toward completing this much-needed renovation project on our campus.”
The 40-year-old George and Annie Dale Kornegay Arena is home to the Trojan men’s and women’s basketball, men’s and women’s volleyball, and men’s wrestling teams. The arena includes a weight room for student-athlete use and houses the offices of coaches and athletics staff. Since the facility opened in 1984, it has been the venue for the institution’s commencement ceremonies and served as a multi-use building for various community, educational, and church events.
The Cannon Foundation was established in 1943 by the late Charles A. Cannon, President and Chairman of Cannon Mills Company for more than 50 years. Through his philanthropy, Mr. Cannon demonstrated his unwavering commitment to the State of North Carolina.
