Campus News

Eclipsing $4.25 billion

The University’s campus-wide fundraising drive met its milestone goal one year early and continues with renewed focus on scholarships and school and unit priorities.

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Today the University announced that the Campaign for Carolina, the University’s campus-wide fundraising drive that publicly launched in October 2017 and closes Dec. 31, 2022, has eclipsed the $4.25 billion milestone.

Along with the State of North Carolina’s generous funding, donations from individuals and institutions are the lifeblood of Carolina. The generosity of individuals and private foundations made this momentous accomplishment possible. These gifts make Carolina the eighth public university in the U.S. to surpass $4 billion in a single campaign — and the only university in the history of the South to surpass $4.25 billion.

While the Campaign for Carolina has now met its overall goal, Chancellor Kevin M. Guskiewicz says the University still has work to do.

“We’re humbled and incredibly thankful for all the generous donors and volunteers who’ve brought us to this point and believe in Carolina Next: Innovations for Public Good. At the same time, we know goals remain if we’re to deliver a complete campaign on behalf of our students, our faculty and the people we serve in North Carolina and beyond.”

Guskiewicz said the campaign’s final months will focus on reaching a $1 billion goal for student support. As of Jan. 1, 2022, that total stands at more than $810 million and includes scholarship and fellowship support for graduate and professional students as well as undergraduate students.

“A lot has changed since the campaign began, but our commitment to student access and affordability has not,” Guskiewicz added. “We are committed to raising $1 billion to support our students — they represent the heart of our mission and the hope for our future. Additionally, we are committed to making sure every school and unit achieves their individual goals to support the important work they do.”

Overall, more than 200,000 donors have contributed to the Campaign for Carolina, including more than 90,000 first-time donors. While the campaign has received 67 gifts of $10 million or more, 83% of donors have contributed $1,000 or less.

“The broad support of this campaign shows how deeply people care about the mission of our University,” Vice Chancellor for Development David S. Routh said. “We are incredibly grateful for each and every gift.”

The most ambitious fundraising campaign in the University’s history, the Campaign for Carolina was inspired by the Blueprint for Next, a vision document developed to guide Carolina’s growth and direction. Its two core tenets — “Of the Public, for the Public” and “Innovation Made Fundamental” — continue to guide the campaign under Guskiewicz’s leadership. His administration’s strategic plan — Carolina Next: Innovations for Public Good — operationalizes the direction set by the Blueprint for Next.

“The impact of this campaign will echo for generations to come,” Guskiewicz said. “We already see many tangible effects on our campus such as new scholarships and fellowships, groundbreaking programs for our students, advancements for our patients and state-of-the-art buildings and facilities that have been established since this campaign began.”

Many campaign commitments are already at work supporting Carolina’s key strategic priorities, while some donors have made pledges that will pay out over time, providing a steady stream of resources. In addition, more than $1 billion in campaign commitments have been made through deferred giving vehicles such as bequests, meaning that the true impact of the Campaign for Carolina will be measured over decades.

“Our donors and the people of North Carolina have invested generously in the future of this University,” Routh said. “Their commitment ensures that Carolina will continue to serve as a leading center of discovery, education and service to improve lives throughout our state and the world.”

Learn more about the Campaign for Carolina.