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Carolina raises $268 million in year

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PJ staff report

CHAPEL HILL, N.C. – The University of North Carolina at Chapel Hill raised $268.1 million in private gifts in fiscal 2010, slightly less than the previous year.

That figure is down from $271.25 million raised in the fiscal year ending June 30, 2009, and $301 million in fiscal 2008, which included the final six months of the Carolina First capital campaign.

However, total commitments for fiscal 2010, including not only gifts awarded but amounts pledged, rose slightly to $292 million from $290.4 million in fiscal 2009.

“Despite the continued economic uncertainty, our level of support remains strong,” Matt Kupec, vice chancellor for university advancement, says in a statement. “It’s a testament to the incredible generosity of our donors and their commitment to our mission.”

The gifts from more than 73,500 donors helped create 17 endowed professorships and 98 undergraduate and graduate fellowships.

Major gifts received during fiscal 2010 include $5 million gift from the William R. Kenan Jr. Charitable Trust to recruit young faculty, and $3.5 million from the estate of alumnus Reese Felts to create a newsroom for students and faculty in the School of Journalism and Mass Communications.

The university also received $4 million from the W.K. Kellogg Foundation for the Frank Porter Graham Child Development Institute’s FirstSchool initiative, an integrated approach to providing education and care for children ages three through eight.

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