Still up to the challenge
Chancellor Holden Thorp
In tough times, our donors remain up to the challenge.
You gave $277 million in private gifts in fiscal year 2011,
which ended June 30. This marked the second highest annual
total for gifts in our history. Including pledges, you gave
$305.6 million. Both totals topped the year before, up 3.3
percent in gifts and 5 percent in commitments. We had more
than 77,000 donors.
These would be great numbers in any year. Given the economy’s
continued struggles, they’re extraordinary. And so while
we’re always grateful for your generosity, we’re even more so
North Carolina legislators continue to face difficult budget
decisions. The General Assembly passed, by necessity, an
austere budget for the current fiscal year. Higher education
wasn’t spared. Here in Chapel Hill, we took an overall
permanent cut in state appropriations that totals 17.9
percent, or more than $100 million. We’re fortunate in that
the cut will be partially offset by $20 million transferred
from UNC Health Care to help the University and our School of
Medicine absorb the reduction. We can thank Bill Roper, dean
of the School of Medicine and CEO of UNC Health Care, and the
health care executive board for approving the transfer. UNC
Health Care annually transfers funds to the School of
Medicine for mission, academic and clinical support.
But even with the transfer, we’ll be forced to increase class
sizes and eliminate programs. I pledge that we’ll do
everything we can to minimize the impact of these latest cuts
on our core mission—the education of our students.
Meanwhile, our fundraising success serves as a tremendous
vote of confidence in the work of our students, faculty and
staff. Despite the tough times, they continue to do great
things, thanks in large part to you and your belief in them.
Your support sustains and inspires.
We’re forever grateful.
Hark the Sound