The donation is the largest single one-time gift from a living family or individual to the college. At a presentation unveiling the donation on Tuesday afternoon, Chancellor Carol L. Folt said there are goals for the money to be anchored to a $35 million fundraising campaign to further innovation and entrepreneurship at UNC.
“They’re helping us greatly expand the footprint of one of our fastest growing programs and minors in the College of Arts and Sciences,” said Kevin Guskiewicz, dean of UNC’s College of Arts and Sciences, at the presentation of the donation.
The donation will help create a program with up to four faculty fellows, three additional entrepreneurs-in-residence, 70 student internship opportunities and a lecture series on innovation and entrepreneurship. The name of the entrepreneurship minor was formally changed to the Shuford Program in Entrepreneurship.
The college will provide additional support for three more full-time faculty members, entrepreneur-in-residence and an administrative staff position. Guskiewicz said UNC Entrepreneur-in-Residence Bernard Bell will serve as the first Shuford Executive Director in the program.