UNC’s $2.1 billion endowment is made up of three overall funds and provides additional services the University would otherwise not be able to provide, such as scholarships and professorships. The Daily Tar Heel broke down the largest segment in the attached graphic to show what money could be up for grabs.
In the face of steep tuition hikes last year, student protesters demanded to know why the University’s endowment was not used to minimize the burden on students.
Today, after more than a year and several delays, administrators will deliver on their promise to host a forum to explain the endowment to students.
The forum, which is hosted by the environmental affairs committee of student government, will feature a panel of administrators including Chancellor Holden Thorp and Jon King, CEO of UNC Management Company, which manages the endowment.
Student Body President Will Leimenstoll said the forum will help students understand the purpose of the endowment, how much money there is and where that money goes.
“We know this is an issue that may be on the back burner,” he said. “But this is the year to educate ourselves on issues surrounding the endowment and tuition so that when tuition discussions are pressing, we’ll have more facts.”
Tuition discussions were markedly more subdued this year, as a $600 increase for in-state undergraduates in 2013-14 had already been approved.
But student interest in the $2.1 billion endowment hasn’t waned.
The endowment is composed primarily of private funds. Donors designate the allocation of their money. The donated money is then invested, and interest from the investments contributes to UNC’s long-term growth.