Carolina Development

Annual Report

FISCAL YEAR 2017: July 1, 2016 - June 30, 2017

Dear Carolina Supporters,

What a wonderfully transformational year of giving at Carolina! The University received a record $543.3 million in commitments from nearly 68,000 of you in 2017. This is the third-straight record year, and we topped 2016’s total of $495 million by nearly $50 million. 

This 2017 Annual Report chronicles how your generosity helped propel Carolina’s success, providing us with the resources we needed to create educational, research and service opportunities that continue to transform our state, nation and world. I am also grateful for the development team’s dedication to sharing stories about Carolina’s amazing students, faculty and staff clearly demonstrate our commitment to making sure your donations make a difference in our Carolina Community.

What’s more, Carolina’s record fundraising year paved the way for the public launch of our most ambitious fundraising campaign ever — For All Kind: the Campaign for Carolina. We kicked off this bold effort on Oct. 6, 2017, with fanfare and a commitment: Our goal is to raise $4.25 billion by December 2022. With this enormous opportunity to create the Carolina of tomorrow, we also accepted the responsibility of ensuring that every single dollar is dedicated to the public good.

Your belief in Carolina helps us invest in student potential, faculty excellence, innovative teaching, experience-based learning and pioneering research. You help us fuel dreams, achieve aspirations and fulfill our promise to provide opportunities for our students and service to others that starts in North Carolina and then moves well beyond our state’s borders. When we come together as a community, united around our shared dreams, amazing things are possible. We have set a high goal, and together we can achieve it.

Thank you for a fantastic year, and I look forward to seeing what we can achieve together during the year to come.  

Carol Folt Signature

Carol L. Folt



scholarship funds created


scholarship funds total


fellowship funds created


fellowship funds total


professorships created


professorships total

Commitments by Area*

  • Academic Affairs - $219.89 million (40%)
  • Health Affairs - $171.27 million (32%)
  • Athletics - $69.09 million (13%)
  • Other - $83.10 million (15%)

*Dollar amounts rounded to nearest $10,000

Commitments by Purpose*

  • Research - $139.04 million (26%)
  • Programming - $332.72 million (61%)
  • Faculty Support - $9.57 million (2%)
  • Student Support - $57.24 million (11%)
  • Capital - $4.77 million (1%)

*Dollar amounts rounded to nearest $10,000

Commitments: Current, Endowment and Capital*

  • Current - $320.26 million (59%)
  • Endowment - $191.06 million (35%)
  • Capital - $32.02 million (6%)

*Dollar amounts rounded to nearest $10,000


  • Alumni - 37,169 (55%)
  • Students - 753 (1%)
  • Faculty/Staff - 1,185 (2%)
  • Friends - 23,274 (34%)
  • Parents - 2,563 (4%)
  • Corporations - 1,496 (2%)
  • Foundations and Trusts - 736 (1%)
  • Other Organizations - 632 (1%)

*Donors of cash gifts; does not include Educational Foundation donors

Sources of Revenue*

  • Sales and Services (27.1%)
  • Government Grants and Contracts (21.2%)
  • Gifts, Private Grants and Investment Income (22.2%)
  • State Appropriations (15.6%)
  • Tuition and Fees (13.3%)
  • Other (.5%)

*Unaudited; percentages rounded to nearest 10th

Commitment Totals:
FY 2007 - FY 2017



Fiscal Year 2017: July 1, 2016 – June 30, 2017

  • UNC received $543.3 million in commitments in fiscal year 2017 (concluding June 30, 2017) from nearly 68,000 donors, marking Carolina’s third straight fundraising record and first time topping $500 million. The total eclipsed fiscal year 2016’s previous record of $495 million by nearly $50 million.
  • Commitments from 15 donors of $5 million or more accounted for $198.2 million of the $543.3 million total, with support ranging from faculty enrichment funds and student scholarships to the visual and performing arts, entrepreneurship and innovation.
  • Commitments helped the University create one endowed professorships, as well as 55 undergraduate scholarships and 23 graduate fellowships.
scroll horizontally to view all highlights >

More than 2,300 donors helped the University meet the Give for Good: Scholarship Challenge, adding more than $45 million to the original $20 million commitment for a total of $65 million to support need- and merit-based scholarships this year. Launched in fall 2016 by a gift from an anonymous donor, the Challenge benefits the Carolina Covenant and the Morehead-Cain Foundation. The Challenge concluded on the 2017 observance of University Day (Oct. 12), the anniversary of Carolina’s founding. learn more...


Give For Good: Scholarship Challenge

Donors double up on
Give for Good:
Scholarship Challenge


An $18 million gift from the Shuford family of Hickory, North Carolina — the largest single one-time gift by a living individual or family to the College of Arts and Sciences — will expand and advance the minor in entrepreneurship. The gift will enable the program to more than double in size, with the expansion including three additional entrepreneurs-in-residence, up to four faculty fellows and 70 student internships, and a lecture series on innovation and entrepreneurship. The program is now the Shuford Program in Entrepreneurship. learn more...


Shuford Gift

Shuford family’s
gift transforms entrepreneurship


A $12 million gift from Joan Gillings of Chapel Hill — the largest single gift ever from an individual to the performing arts at Carolina — will support PlayMakers Repertory Company and the Department of Dramatic Art. The commitment will enable the department to recruit and retain top graduate students by funding additional scholarships in acting, costume production and technical production. It will also expand PlayMakers’ vital education and outreach programs, including a new Mobile Shakespeare initiative, and its K-12 educational matinee and teaching artist residency programs. The Center for Dramatic Art is now the Joan H. Gillings Center for Dramatic Art.


Joan Gillings

Joan Gillings’ historic gift benefits the performing arts


Carolina’s most comprehensive fundraising campaign ever — For All Kind: the Campaign for Carolina — kicked off Oct. 6, 2017, with a goal of $4.25 billion by Dec. 31, 2022. Several significant gifts from fiscal year 2017 were announced during the launch, including:

  • $50 million from Carolina couple John and Marree Townsend, of Greenwich, Connecticut, comprised of $25 million in artwork to the Ackland Art Museum; $10 million to the College of Arts and Sciences, with an initial commitment to the Institute for the Arts and Humanities; $10 million to Kenan-Flagler Business School; more than $1 million to Carolina Athletics; and a portion to be allocated at a later date. (Learn more.)
  • $21.5 million from alumnus John G. Ellison Jr., of Greensboro, North Carolina, comprised of $11.5 million in artwork to the Ackland Art Museum and $10 million as a challenge to spur support for outstanding faculty through the Faculty Excellence Challenge. (Learn more.)


the Campaign for Carolina

Record fundraising year paves way for historic campaign


Carolina’s new overarching strategic framework, The Blueprint for Next, was laid out in 2017 by Chancellor Carol L. Folt to guide its growth and future direction. Upheld by two core strategies — “Of the Public, for the Public” and “Innovation Made Fundamental” — The Blueprint for Next combines Carolina’s historic role in service to the state and its people with a fundamental quality essential to Carolina’s future success: a willingness to continually reinvent itself. The University’s willingness to grow and change while staying rooted in its public service mission informed and refined funding priorities in For All Kind: the Campaign for Carolina priorities:

  • Students and the Educational Experience: The New Graduate
  • Faculty and Scholarship: The 21st-Century Professoriate
  • Innovation and Impact: A Culture of Innovation
  • Signature Initiatives, such as The Carolina Edge Scholarship Initiative, the Institute for Convergent Science and Arts Everywhere, with more to be named throughout the campaign.


The Blueprint For Next

New strategic framework drives campaign priorities


A gift of 375 works — valued at $5 million — from former Ackland Art Museum Director Charles W. Millard III spans South Asian sculpture, 19th-century photographs, North Carolina pottery and 20th-century abstraction. He has already donated more than 50 works of art to the Ackland, an impressive record further enhanced by exceptional gifts in 2008 through 2010 from his Tyche Foundation, set up specifically to acquire major works of art for the Ackland.


The Campaign For Carolina

Former Ackland director presents 375 works to the museum


Board of Trustees

The following is a list of UNC Board of Trustees members who served during fiscal year 2017.

  • Dwight D. Stone (Chair)
  • Haywood D. Cochrane (Vice Chair)
  • Charles G. Duckett (Secretary)
  • Jefferson W. Brown
  • W. Lowry Caudill
  • Donald Williams Curtis
  • Julia Sprunt Grumbles
  • Kelly Matthews Hopkins
  • William A. Keyes IV
  • Allie Ray McCullen
  • William E. McMahan
  • Hari H. Nath
  • Bradley Opere (Student Body President)
the Campaign for Carolina