UNC Breaks Fund-raising Record
The University received $190 million in gifts and private grants in fiscal year 2004 - the largest amount
received in a single year in UNC's history.
"This has been a stellar year for Car-
olina," Chancellor James Moeser said after
the news was announced by Paul Fulton
' 57 at a July 22 meeting of the Board of
Trustees. "Our success is a testament to the
immense loyalty and dedication of our
alumni and friends who are responding
with unprecedented levels ofsupport dur-
ing this important campaign. From record-
breaking numbers to groundbreaking ini-
tiatives such as the Carolina Covenant,
Carolina is setting the standard in public
higher education."
The University is ahead of schedule in
its $1.8 billion capital canlpaign. Known as
Carolina First, the campaign began onJuly
1,1999, and ends on June 30, 2007. To
date, $1.27 billion has been raised.
Gifts to the campaign have created 126
professorships and 430 scholarships and fel-
lowships, funded new research, spawned
programs and initiatives, and helped pay for
the renovation and construction of campus
facilities.
The campaign counts gifts, pledges and
deferred gifts, bringing the campaign total
to $237 million for fiscal 2004. The $190
million annual fund-raising figure counts
only gifts received outright.
Gifts in support of faculty received this
fiscal year include $3 million from an
anonymous donor to create the Richard
Cole Eminent Professorship in the School
ofJournalism and Mass Communication;
$1.2 million from Miriam McFadden ' 51
of Nashville, Tenn., to the School of Social
Work to recruit and retain faculty; and $3
million from the William R. Kenan Jr.
Charitable Trust and Julian ' 55 and Josie
Robertson of New York to create the
Nannerl 0. Keohane Professorship in
honor of Duke's retiring president.
Other major gifts this year include $3
million from Carolina First steering com-
mittee melnber Lowry Caudill ' 79 and his
wife, Suzi Self Caudill ' 80, to name the
largest of the planned green spaces for the
Carolina Physical Science Complex after
UNC chemistry Professor Royce Murray;
$1 million from the estate of Gladys Hall
Coates to establish the Albert and Gladys
Coates Endowment Fund benefiting the
North Carolina Collection; and $5 million
from steering committee members Vaughn
' 60 and Nancy Bryson ' 60 ofVero Beach,
Fla., to establish a clinical genetics research
center at UNe.
Corporate and foundation gifts include
$2 million from the Wachovia Foundation
for the schools ofbusiness, law and medi-
cine; $3.5 million from the Ewing Marion
Kauffman Foundation to create the Car-
olina Entrepreneurial Initiative; and $1 mil-
lion from Harris Teeter and the Dickson
Foundation to create a scholarship fund for
study abroad by in-state students.
Fulton, former dean of the Kenan-
Flagler Business School, chairs the Carolina
First Canlpaign with Mike Overlock ' 68 of
Greenwich, Conn., and Charles M. Shaffer
Jr. ' 64 of Atlanta.
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