Bank of America has established a new scholarship at UNC to help support military families.
The ‘Bank of America Military Families Scholarship Endowment Fund’ will provide scholarship support for military families through the University’s ‘Red, White and Carolina Blue Challenge‘ – which aims to raise a total of $40 million dollars in scholarship support for dependents of military families.
With this new fund, Bank of America is helping veterans and military-dependent family members get the aid they need to attend Carolina.
Bank of America established the fund with a $250,000 dollar gift to UNC.
Bank of America’s gift counts toward the University’s ‘For All Kind: the Campaign for Carolina’, launched in October 2017. According to the university, as of June 2020, UNC has raised more than 76 percent of its overall goal to reach $4.25 billion dollars by December 2022.
This July, Bank of America is celebrating 100 years of supporting the nation’s military and their families.
Kari Stoltz, the Triangle Market President for Bank of America, said supporting veterans, service members and their families is “an important component of who we are as a company.”
“We remain steadfast in our commitment to serving military personnel and their families who contribute so much to our company, the Triangle community and our country,” Stoltz said.
According to UNC’s press release, North Carolina is home to the nation’s fourth largest contingent of active duty service men and women, many of whom have dependents who want to go to college.
Programs like the Red, White and Carolina Blue Challenge allow UNC-Chapel Hill “to support academic excellence and create opportunity through scholarships for students who earn their place at Carolina, regardless of their ability to pay.”
In fall 2019, Carolina enrolled 398 undergraduate first-year and transfer students affiliated with the military, the large majority of whom were military dependents. Of those 398 students, more than half qualified for and received financial aid.
Photo courtesy of UNC Chapel Hill.
Chapelboro.com does not charge subscription fees. You can support local journalism and our mission to serve the community. Contribute today – every single dollar matters.
Related Stories
‹
5-Star Prospect Kate Harpring Commits to UNC Women's BasketballCourtney Banghart and the Tar Heels may have just won their biggest recruiting battle ever. Point guard Kate Harpring, a five-star prospect from Atlanta ranked among the top five players in the 2026 recruiting class on every major board, committed to Banghart and UNC Saturday. Go Tar Heels!! 🩵🩵#committed pic.twitter.com/RbzpiYqJOZ — Kate Harpring (@Kate_Harpring26) August […]
UNC's Freddie Kitchens Taking Collaborative Approach to Coordinating 'Our Offense'UNC offensive coordinator Freddie Kitchens cringes when you refer to the Tar Heel offense as “his.” “I learned from different people,” Kitchens recalled earlier this week. “It was never ‘their’ offense. It was ‘our’ offense.” This season, Kitchens will be tasked with coordinating “our” offense while relying on several positions which have been almost completely […]
Chansky's Notebook: Pro ProspectsFormer UNC stars R.J. Davis and Caleb Love are both trying to earn their way into the NBA, where the pair have signed two-way contracts.
Parker, Teague Dorms Set for Replacement in UNC's Housing Renewal; BOT Approves Initial FundsAs UNC revamps its on-campus housing to build more units and update residence halls, Parker and Teague are set to be town down for a new dorm.
UNC Football Details New 'Chapel Thrill Game Day' ExperienceThe UNC athletic department and the football program have officially announced an expanded pregame experience for Tar Heel fans this fall, dubbed “Chapel Thrill Game Day.” Introducing a new way to game day 🐏🏈 We're excited to host the all new Chapel Thrill Game Day experience before @UNCFootball's six home games this fall, including the […]
Chansky's Notebook: One and OnlyMike Priefer is the only member of the new football program who has a connection to UNC's last ACC championship.
For Defensive Coordinator Steve Belichick, UNC Football is the Family BusinessSteve Belichick goes to work every day in his father’s footsteps. For once, that cliché is not an exaggeration. UNC’s new defensive coordinator is the son of the head coach, Bill Belichick, and yet another member of what has become a football coaching dynasty. Bill, too, was the son of a coach: the elder Steve […]
UNC's Tyler Hansbrough to Deliver Keynote Address at New Student ConvocationUNC men's basketball legend Tyler Hansbrough will deliver the keynote address at the university's New Student Convocation later this month.
UNC Women's Basketball Announces Full 2025-26 Non-Conference ScheduleThe UNC women’s basketball team announced its full slate of non-conference games for the 2025-26 regular season Tuesday morning. The wait is over… Our Non-Conference schedule is 𝙎𝙀𝙏 📅 pic.twitter.com/8fp72vNR9Q — Carolina Women's Basketball (@uncwbb) August 5, 2025 UNC begins with a preseason exhibition game against 2025 national runners-up South Carolina in Atlanta on October […]
Chansky's Notebook: 5 and 75Art Chansky celebrates the legacy of former UNC men's basketball head coach Roy Williams, who turned 75 last Friday.
›
