Southerners on New Ground Durham has raised over $60,000 to fund this year’s Black Mama's Bail Out Action, an annual event designed to bail Black mothers and caregivers out of jail. Photo courtesy of Kyla Hartsfield.

SONG Durham raises over $60,000 to bail Black mothers out of jail

The Black Mama's Bail Out Action is an annual event designed to bail Black mothers and caregivers out of jail. Southerners on New Ground Durham has raised over $60,000 to fund this year’s Bail Out, which takes place on Thursday.  


2020 Coronavirus Outbreak

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DTH Photo Illustration. The University Development Office provides endowments and funding for various projects on campus.

Here's why UNC's $3 billion endowment can't all be used for COVID-19 relief

University leaders explain what the UNC endowment is and how its funds are being used in light of the pandemic.  The UNC endowment had a market value of over $3 billion in the 2019 fiscal year, leading some to see it as a possible lucrative source of funding for students and community members struggling financially during the pandemic.  Endowment funds are collected from various donors and invested by a team at the UNC Management Company, which is composed of a board of business leaders, investment experts and University leaders who make decisions on how to monitor and invest donations. Senior Associate Vice Chancellor for University Development Cynthia Butler said that only a small percentage of the value of endowment funding is available for liquid use.