N.C. State receives $40 million gift

Just in time for Christmas, N.C. State University is getting the biggest gift in its 123-year history.

Lonnie C. Poole Jr., who made a fortune in the garbage-hauling business, and his wife, Carol Johnson Poole, are giving the university $40 million. That single gift will swell NCSU's entire endowment by nearly 10 percent and instantly boost the profile of the university's young management college, which is getting most of the money.