The University of North Carolina at Chapel Hill will get 10 new endowed professorships as part of $27 million in contributions and pledges from the William R. Kenan Jr. Charitable Trust, William R. Kenan Jr. Fund and the Kenan family.
The donations are part of the school’s new capital campaign that already has raised $652 million in its quiet phase.
The campaign goal, which is expected to total as much as $1.5 billion, was to have been announced Oct. 12, but the announcement was postponed in the wake of the Sept. 11 terrorist attacks.
The $400 million-asset Kenan Trust has pledged to fully fund five professorships at $3 million each, subsidize five more at $200,000 each and donate $3 million to the university’s new science complex and subsidize.
The remaining $8 million was donated earlier in the campaign’s quiet phase by the Kenan family, the Kenan Trust and the Kenan Fund, which supports the Kenan Institute of Private Enterprise at the Kenan-Flagler Business School at UNC-CH.