The first ten years of the 20th century represent an eclectic mix of events for the College. Under the leadership of Charles Duncan McIver, the College continued to flourish, attracting prominent investors like Andrew Carnegie and George Foster Peabody. This decade saw the construction of the College's first library building, along with new dormitories and academic buildings. McIver's contacts also proved to be helpful in luring top-class lecturers and faculty members. The College also began to establish its own unique identity, with the growth of student organizations and traditions such as the yearbook and the Daisy Chain.
However, these years were not without tumult and trial. During January of 1904, the main dormitory on campus - known simply as Brick Dormitory - caught fire and burned to the ground. Though no one was injured in the blaze, new living facilities had to be constructed for the students to continue to function as usual. Quite possibly the greatest blow to the students and faculty was the death of McIver in 1906. Fortunately, leadership of the College passed into the capable hands of Julius I. Foust, who would guide the schools to even greater heights in the coming years.
- 1906 - Charles Duncan McIver died, Julius I. Foust became President of the College
- 1909 - First Founder's Day was celebrated
- 1909 - First student yearbook (Carolinian) was issued