posted 11/24
Board of Trustees meets Nov. 18-19
On Nov. 19, the Board of Trustees unanimously approved a recommendation from Chancellor Holden Thorp to increase tuition for all undergraduate students by 5.2 percent. That recommendation will be forwarded to the UNC Board of Governors, which in turn will forward its recommendation to the N.C. General Assembly for approval. Read more ...
The trustees also received an update on the University’s investment fund from Jon King, president and chief executive officer of UNC Management Co. Inc., which manages the UNC-Chapel Hill Foundation Investment Fund. The fund’s market value declined by $440.7 million, from $2.22 billion on June 30, 2008, to $1.78 billion on June 30, 2009. However, the UNC Investment Fund’s return placed it in the middle of the pack among the Cambridge Associates universe of 163 colleges and university endowments. Read more ...
Thorp announced the formation of an Innovation and Entrepreneurship Circle, a high-level task force that will help determine how Carolina can become even more innovative. The task force builds on the 18-month appointment of Judith Cone as special assistant to Thorp for innovation and entrepreneurship and the five-year-old Carolina Entrepreneurial Initiative, which Cone helped shape when she was vice president of emerging strategies for the Kauffman Foundation. Lowry Caudill, co-founder of Magellan Health and the namesake of Caudill Hall, will chair the group. Read more ...
During a Nov. 18 dinner, the trustees honored four recipients with the William Richardson Davie Award, the board’s highest honor. Recipients were Fred Eshelman, founder of PPD Inc., of Wilmington; Richard Krasno, executive director of the William R. Kenan Jr. Charitable Trust, of Chapel Hill; Gov. Beverly Perdue of Raleigh; and Richard “Stick” Williams, senior vice president of environmental health and safety at Duke Energy Corp., of Charlotte. Read more ... |
