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News Release

For immediate use

Feb. 13, 2007

UNC announces 2006-07 recipients
of endowed distinguished professorships

CHAPEL HILL – In the past year, the University of North Carolina at Chapel Hill named 35 faculty members to endowed professorships – designations that are created through gifts to the university and that recognize excellence in teaching and research.

A key goal of the university’s Carolina First Campaign is to create 200 new endowed professorships. Including the most recent designations, the university has created 193 endowed professorships thus far in the campaign, which began July 1, 1999, and will end Dec. 31, 2007.

With an overall goal of $2 billion, Carolina First is a comprehensive, multi-year private fundraising campaign to support Carolina’s vision of becoming the nation’s leading public university.

Gifts for endowed professorships are invested, and a portion of the investment income supplements the professor’s salary. Endowed funds provide a permanent source of income because the principal is not spent.

Overall, the university has 532 professorships in place or being funded. Gifts to establish professorships may be supplemented with matching funds from the state’s Distinguished Professors Endowment Trust Fund, established by the N.C. General Assembly in 1985.

The oldest continuously endowed chairs at Carolina are the Mary Ann Smith professorships in chemistry, established in 1891. Smith made her will in 1861, leaving half of her estate to Carolina for endowment of “such a chair as shall teach both the science of chemistry and its experimental application to the useful arts.”

The largest number of endowed professorships available to the university come from the Kenan professorships, which have been credited with attracting or retaining a large number of outstanding faculty members and adding substantially to the university’s high academic standing.

These include the Kenan professorships, the Graham Kenan professorships, the Sarah Graham Kenan professorships and the William R. Kenan Jr. professorships.

The $3 million Kenan eminent professorships, part of a $27 million commitment to the Carolina First Campaign from the William R. Kenan Jr. Charitable Trust, are among the largest endowed professorships in the university’s history.

Following are the distinguished professorship designees approved by the Board of Trustees from February 2006 through January 2007, listed by academic affiliation. Kenan professorships are listed separately.

Kenan professorships

School of Medicine

Other distinguished professorships

College of Arts and Sciences

School of Government

Kenan-Flagler Business School

School of Journalism and Mass Communication

School of Medicine

School of Public Health

School of Social Work

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News Services contact: Lisa Katz, (919) 962-2093, lisa_katz@unc.edu