CHAPEL HILL, N.C. — The steering committee of UNC-Chapel Hill’s Carolina First Campaign has increased the campaign’s fundraising goal from $1.8 billion to $2 billion and extended the campaign by six months.
The increase makes UNC-CH one of eight universities in the U.S. pursuing fundraising goals of $2 billion or more.
The bulk of the additional funds will go to increase faculty support and merit-based scholarships, with $10 million earmarked to endow the Carolina Covenant, an initiative helping low-income students graduate debt-free.
Another $30 million will go to the Renaissance Computing Institute, an initiative aiming to strengthen the state’s economy by enhancing the competitiveness of North Carolina industries.
The campaign has already raised more than $1.56 billion, which has been used to create 151 professorships and 523 scholarships and endowments.
Campaign earnings have also been used for new research, programs, and initiatives, as well as campus facility renovation and construction.