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$18 Million Gift Boosts Entrepreneurship Program
Afamily whose UNC alumni extend back five generations has made an $18 million gift to the University to more than double the size of its nationally recognized undergraduate entrepreneurship program.
The gift commitment from the Shuford family of Hickory is the largest single one-time
gift by a living individual or family to the College of Arts & Sciences. It will help meet the
demand of students who want to enroll in entrepreneurship courses or the minor in entrepreneurship through the addition of faculty. It also will support doubling the number of
student internships at entrepreneurial firms worldwide and will encourage problem-based
learning throughout the college and University.
The minor in entrepreneurship will be named the Shuford Program in Entrepreneur-
ship in the family’s honor.
The Shuford gift will create three additional entrepreneurs-in-residence and up to
four faculty fellows, and it will create up to 70 student internships and a lecture series on
innovation and entrepreneurship. Funds also will endow the program’s executive director
and internship director positions. In partnership with the Shuford program, the college
will provide support for at least three additional full-time faculty members, an entrepre-neur-in-residence and an administrative staff position.
Abel Alexander Shuford Jr. was a member of the class of 1900. His great-grandchildren,
siblings Jim Shuford ’ 88 (’ 92 MBA) and Stephen Shuford ’97 (MBA), of Charlotte; and
Dorothy Shuford Lanier ’ 93, of Bedford, N. Y., made the gift. Two sons of Luther Snyder
Garrison Jr. ’ 83, a fourth great-grandchild of Abel Shuford, graduated from Carolina, in
2013 and 2015. Shurtape Technologies was created in 1955 as a division of Shuford Mills,
a textile firm established in 1880. With more than 800 employees in North Carolina and
manufacturing and distribution facilities in eight countries, the company produces adhesive
tapes under various brands.
“I think entrepreneurship is a big part of the future of work,” Jim Shuford said. “The
skills of entrepreneurial thinking and problem-solving are a natural fit for the liberal arts.”
Created in 2004, Carolina’s minor in entrepreneurship was the signature program of the
Carolina Entrepreneurial Initiative, established with a $3.5 million grant from the Ewing
Marion Kauffman Foundation. The minor has grown to more than 250 students. More
than 800 students have graduated from Carolina with a minor in entrepreneurship.
Students pursuing the minor follow one of nine tracks — artistic, commercial, com-
puter science, design, media, scientific, social, sport or public health — and complete an