162 THE HISTORY OF WAKE FOREST COLLEGE
ern Electric Company building and 34.2 acres of land at the juncture
of Reynolda Road and Silas Creek Parkway. Income from the
$3.5-
million gift was to be used to strengthen the holdings of the Z. Smith
Reynolds Library at both the graduate and undergraduate levels.
Later that year the foundation gave Wake Forest the thirteen and-a-
half-acre tract known as Reynolda Village, consisting of barns and
outbuildings designed by architect Charles Barton Keen of
Philadelphia as part of the original estate structures. These had been
converted into offices and shops. The property was valued at
$700,000, and the income was to be used in the Wake Forest op-
erating budget.
Reynolda House was thus left a handsome island in a sea of prop-
erty that had been deeded to the college. For a time it was occupied by
Mr. and Mrs. Babcock, and when they moved out, Reynolda House
was established as a nonprofit corporation for use as an arts and
education center.
Babcock property also was involved in the long-range planning for
construction of a football stadium. Preliminary studies on that project
had begun in the fifties, and in 1957 Mr. Babcock gave Wake Forest
seventy-seven acres worth more than $275,000 as a site near
Memorial Coliseum and Ernie Shore baseball field. In November
1958 a committee was appointed by the trustees to study what would
be needed in development of the location including seating,
walkways, parking, and design. A sketch by college architect Larson
presented at that time showed a facility which would accommodate
thirty-six thousand spectators. Little progress was made then in
raising funds for the stadium, but interest revived in 1965 along with a
cost estimate of $2 million. Construction began in 1966, but the
stadium was not completed during the Tribble administration.
The Babcock Foundation also provided funds for faculty and
curriculum development. The following chart shows the extent of the
generosity of the Babcock family and foundation in supporting Wake
Forest:1
Dr. Tribble, commenting on these contributions, said that "taken
together, these categories of grants demonstrate a broad range of
interest in higher education that is altogether inspiring and chal-
Previous Page Next Page