Until 1909, North Carolina Day was celebrated in October at the school with special events and programs. In 1909, North Carolina Day was dedicated to the memory of founding president Charles Duncan McIver. Alumnae met in locations across the state, and students placed wreaths on his grave at Green Hill Cemetery in Greensboro.

In 1911, the tradition of North Carolina Day was officially changed to Founder’s Day. Its celebration date was moved to October 5 to commemorate the first day of classes at State Normal in 1892. A tradition of speakers and the placing of wreaths on McIver’s grave as well as his statue on campus continues.