The Endowment proposes $116 million toward New Hanover County school modernization
WILMINGTON, NC (WWAY) — The New Hanover Community Endowment, New Hanover County and New Hanover County Schools announced Thursday a proposed long-term investment aimed at supporting school improvements and facility modernization across the county.
According to a joint announcement, The Endowment plans to commit up to $116 million over 10 years to support a countywide school improvement and capital modernization plan. The funding would help support upgrades to school facilities, safety improvements and other projects tied to the New Hanover County Schools Facility Utilization Study.
County leaders said the plan also includes a proposed $320 million general obligation bond that would be financed through public funding. The Endowment’s contribution is contingent on the county securing a financing plan for the initiative.
Officials said the combined public and private investment is intended to reduce costs for local taxpayers while supporting long-term school infrastructure needs.
“This investment goes beyond bricks and mortar; it is about creating environments more conducive to teaching and learning, strengthening neighborhood vitality, and ensuring that young people have spaces that reflect their potential,” said Sophie Dagenais, president and CEO of The Endowment.
Shannon Winslow, chair of The Endowment’s board, described the effort as a long-term investment in future generations and said the work reflects a partnership between local organizations and government leaders.
New Hanover County Schools Superintendent Dr. Christopher Barnes said the district appreciates the support from both the county and The Endowment.
“We firmly believe that school challenges require community solutions,” Barnes said.
New Hanover County Board of Commissioners Chair LeAnn Pierce said the initiative would help provide “safe, modern learning environments” for students while also easing financial impacts on taxpayers.
If voters approve the county’s proposed bond issue this fall, officials said implementation of the school improvement plan would begin in 2028, with projects phased in over the following decade.
