The North Carolina Real Estate Educational Foundation recently announced a $125,000 grant to the School of Business Administration, of the University of North Carolina at Chapel Hill. The Foundation is a non-profit corporation affiliated with the North Carolina Association of Realtors.

Realtor Jim Fountain, Wilmington, President of the Foundation, presented an initial check of $25,000 to Dr. Maurice W. Lee, Dean of the School of Business Administration. The remaining $100,000 will be presented in annual installments of $10,000.

The grant will be used to support the academic, advanced management, and research activities of the School of Business Administration, especially those activities relating to the real estate profession in North Carolina.