UNC was given its second-highest fundraising total through gifts and grants in fiscal year 2014, despite a complete change in leadership.
Chancellor Carol Folt began her tenure as the 11th chancellor of the University. In her first year, she developed and hired her executive staff, completing the process with the hiring of Matthew Fajack as the Vice Chancellor for Finance and Administration beginning this fall.
The University received $297.5 million last year, which is a nine-percent increase from the previous year.
Chancellor Carol Folt says that speaks a great deal about the supporters of the University that continued giving through a time that was mired in an academic scandal.
“When I look at those numbers, I think it tells me that, first of all, there’s an amazing commitment to Carolina,” Chancellor Folts says. “To be raising at that level before you go into a campaign is unusual. That means people really care.”
Commitments, which include pledges as well as gifts, also rose by nine percent, from $248.3 million to $310 million. The commitments helped create five endowed professorships in addition to 58 undergraduate scholarships and graduate fellowships.
Board of Trustees Chair Lowry Caudill says the numbers speak for themselves.
“I think it’s an absolutely fantastic thing,” Caudill said. “We had a transition in leadership last year. The fact that we were able to move through that year and have one of the highest fundraising years we’ve had in University history—that tells you something about the good things that are happening at Carolina and how people really think about Carolina.”
To see the complete breakdown of last year’s fundraising at Carolina, click here.http://chapelboro.com/news/unc/unc-receives-second-highest-fundraising-total
CHAPEL HILL – North Carolina’s Vice Chancellor for Finance and Administration, Karol Kain Gray, announced Thursday she will leave the University in October.
According to the Daily Tar Heel, Gray will work as the chief financial officer for Applied DNA Sciences, Inc. in New York. Gray is from Long Island and reportedly returning to New York for family reasons. She says she was approached by the CEO of the company who is a long-time friend and did not go searching for it.
The vetting process reportedly begins next week to find someone to fill the interim position. Later, a search committee will have to be formed to fill the permanent position.
Gray has worked at UNC since 2011.http://chapelboro.com/news/unc/vice-chancellor-for-finance-and-admin-to-leave