Buddy Wood Family Scholarship part of alum’s $100K gift

For several years, Buddy Wood lent his voice to the Demon Sports Network. Now, he is giving back something even more tangible.

Wood announced Friday a donation of $100,000 to the Northwestern State Athletic Department, part of which will be used to start an endowment toward the Buddy Wood Family Scholarship.

“It’s a continuing reinvestment in what Northwestern State has done and has meant to me through the years,” Wood said. “I feel we as alumni have an obligation to give back and reinvest in the university that educated us and helped launch the careers that put us where we are now.”

Wood’s gift will benefit the athletic department as a whole while the scholarship will be built through the Perpetually Purple endowment program.

“It is alumni like Buddy Wood who make NSU Athletics so special and continue to make a difference for our student-athletes,” NSU Associate Athletic Director for External Affairs Ryan Hall said. “The entire Demon athletic family is so grateful for this contribution that will only enhance all of our programs. Thank you, Mr. Wood, for ‘Bringing the Heat’ to kick off the 2022-23 athletic year.”

Enhancing Northwestern State athletic programs while aiding student-athletes was equally important to Wood, whose C.R. Wood State Farm Insurance Agency is located in Many.

“I want our university to prosper, and I want our athletic programs to prosper,” Wood said. “It’s a great way to support the development of student-athletes and, hopefully, help them launch careers that will make them as fortunate and blessed as I am.”

The Perpetually Purple endowment program’s aim is to allow NSU to provide a sustainable source of scholarship funding that’s separate from efforts to supplement the annual athletics program budget with donations, corporate partnerships and special fund-raising events.

A minimum commitment of $10,000 is required to create an endowment fund, but that fund can start from any initial outright gift. Endowments can be established with an outright gift such as cash, a stock transfer or property sale, a life insurance policy, or can be included as a provision in a will or bequest.

Arrangements can be made to fund an endowment over an extended period of time.

Photo: NSU Athletics