March 8, 1998
98-127

Jennifer Tanner
Communications Specialist

VSU Foundation receives largest capital gift in its history

The Valdosta State University Foundation, Inc., recently received the largest capital gift in university history. Johnny V. McCranie, a Valdosta businessman, has donated the former Holiday Markets Building on North Ashley Street to the Valdosta State University Foundation. VSU officials value the gift at more than $1.5 million, the largest single capital gift ever received by the Foundation.

"I was delighted to be able to work with Johnny McCranie to make this wonderful gift to the university, especially as we gear up to start a major capital campaign," said Ray Devery, assistant to the president for institutional advancement. "This gift certainly gets us going in the right direction."

McCranie, the president of Holiday Markets, Inc., has been a longtime supporter of charitable and community causes. Friends say he's always had a particular interest in helping young people, especially in educational matters.

"I recognize the importance of Valdosta State University to Valdosta and to this region," McCranie said. "I hope that, in some small way, this gift will help further Valdosta State's efforts toward educating our citizens."

"We are extremely grateful for the generosity from Mr. Johnny McCranie in making the largest, single capital gift the Valdosta State University Foundation has ever received," said Dr. Hugh C. Bailey, VSU president. "It will provide critically needed space in which we can expand our programs. It also is an excellent example of the splendid cooperative relationship that exists between the university and the leaders of our business community in the region."

The university's newest acquisition will be named the Johnny V. McCranie Center, in honor of its benefactor. Officials expect its 18,600 square feet will be used for academic programs.

Also, as part of the gift, a scholarship at VSU will be established in McCranie's name.