The Daily Tar Heel

Serving the students and the University community since 1893

Tuesday September 21st

2020 Coronavirus Outbreak


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. 

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