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UNC eclipses $300 million in annual support

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CHAPEL HILL, N.C. – Fundraising at the University of North Carolina at Chapel Hill brought in $300.3 million in gifts in fiscal 2008, exceeding $300 million for the first time in school history.

The total represented the fifth straight record-setting year for annual support, which generates funds immediately available to the school.

UNC received $342.8 million in overall commitments, include pledges.

For the ninth time in the past 16 years, UNC’s fundraising efforts have been honored by the Council for Advancement and Support of Education.

UNC also received a 2008 CASE-WealthEngine Award for Educational Fundraising in the category of overall performance.

Contributions in fiscal 2008 came from 73,247 donors, including $81 million from alumni and $89.9 million from corporations and foundations.

Highlights include:

* Fred Eshelman of Wilmington committed $10 million to the School of Pharmacy to close out UNC’s Carolina First Campaign, a multi-year campaign that ended Dec. 31, 2007 and raised $2.38 billion.

* Major support for undergraduate students included $6 million from the William R. Kenan Jr. Charitable Trust to help increase the number of students invited to the College of Arts and Sciences’ Honors Program. The gift, which adds faculty to teach honors courses, qualifies for a $3 million grant from the North Carolina Distinguished Professors Endowment Trust, bringing the total value of the gift to $9 million.

* To support the arts at UNC, former UNC Chancellor William McCoy and his wife Sara made two commitments totaling $1.1 million to create the James Moeser Fund for Artistic Excellence, honoring the former chancellor.  The fund will create a permanent source of income for the Office of Executive Director for the Arts.

* Commitments in 2008 also helped create 36 endowed professorships and a total of 93 undergraduate scholarships and graduate fellowships.

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