Goal for new UNC-Chapel Hill campaign could total $4 billion
The University of North Carolina at Chapel Hill is preparing for a comprehensive fundraising campaign that could total as much as $4 billion, Business North Carolina reports.
Roger Perry, former chairman of the school’s board of trustees and a Chapel Hill developer, tells the magazine UNC is raising $250 million to $300 million a year but needs to be raising $350 million to $400 million.
The state provided 18 percent of UNC’s total revenue in 2013, down from 27 percent six years ago, the magazine says.
It says David Routh, UNC’s fundraising chief, envisions an eight-year campaign, including a two-year silent phase, when a quarter of the goal is typically pledged.
Foundation for Charlotte Jewish Community raises $9 million
Annual gifts to funds at Foundation for the Charlotte Jewish Community totaled just over $9 million in 2013, up from $8.4 million in 2012, its annual report says.
Net assets at the Foundation, which was formed in 1997 and is part of Foundation for the Carolinas and has its own board, grew to $97.9 million from $79.2 million.
Annual grants and distributions from funds at Foundation for the Charlotte Jewish Community totaled $2.8 million, down from $3.1 million in 2012.
Over the past five years, the share of assets the Foundation manages in donor advised funds has grown to 69.7 percent from 53 percent.
Over the same period, assets of the Foundation have doubled. And since 2010, gifts to existing and new funds at the Foundation have exceeded $8 million a year.
Foundation for the Charlotte Jewish Community also secured 98 legacy commitments in 2013 totaling an estimated $5.5 million from individuals and families to one or more Jewish organizations, up from $1.3 million in 2012.
The Foundation now is aware of legacy commitments totaling over $20 million.
Through additional support from the Harold Grinspoon Foundation, the Jewish Foundation will award incentive grants totaling $81,000 to each of the 10 community partner organizations of its Create Your Jewish Legacy program.
Fidelity Charitable, Schwab Charitable report growth
Fidelity Charitable and Schwab Charitable, two national donor advised funds, say grants from donors’ fund grew in the fiscal year that ended June 30.
Fidelity Charitable distributed nearly $2.3 billion in grants on behalf of donors in the fiscal year, up 23 percent from the previous fiscal year.
Donors contributed $3.9 billion to their donor advised funds, up 8 percent.
In the first six months of 2014, Fidelity Charitable says, it distributed over 250,000 grants recommended by donors that totaled nearly $1.1 billion, up 19 percent from grants it distributed in the first six months of 2013.
Donors contributed nearly $1.2 billion to Fidelity Charitable in the first six months of 2014, up 33 percent from the same period a year earlier, and the number of new charitable accounts grew 41 percent.
Established in 1991, Fidelity Charitable has helped donors support over 180,000 nonprofits with nearly $17 billion in grants. Its assets under management totaled $12.9 billion on June 30.
Schwab Charitable says individuals holding funds granted $822 million in fiscal 2014 to over 34,500 charities, with the total value of those grants growing 38 percent from the previous year, when grants grew 10 percent.
The number of accounts at Schwab Charitable grew 17 percent in fiscal 2014, and assets under management totaled $6.4 billion on June 30.
Schwab Charitable has received over $9.8 billion in contributions and facilitated over $4.4 billion in grants to charities on behalf of its donors since it was formed in 1999.
Stolen promoted at CPCC Foundation
Vanessa Shelton Stolen, director of development and institutional advancement at the CPCC Foundation at Central Piedmont Community College in Charlotte, has been named the Foundation’s executive director institutional advancement.
Winston-Salem Foundation awards scholarships
The Winston-Salem Foundation has awarded 158 merit-based scholarships for the 2014-15 school year. Over the past five years, the Foundation has given over $1 million in financial aid to local students.
ArtsGreensboro gets $100,000 grant
ArtsGreensboro has received a $100,000 “Our Town” grant from the National Endowment for the Arts for its Fabric of Freedom initiative, a multidisciplinary arts festival within the National Folk Festival that will highlight Greensboro’s leadership role in Americans’ quest for freedom and will be held in September 2015, 2016, and 2017.
Raleigh Rotary to celebrate 100th anniversary
The Rotary Club of Raleigh, North Carolina’s oldest civic organization, will celebrate its 100-year anniversary with a gala on August 1 at the Raleigh Convention Center.
The event will event will attended by Gov. Pat McCrory and Gary C.K. Huang of Taiwan, president of Rotary International, and will include a vignette by the Burning Coal Theater Company comparing a Rotary member from 1914 to one from today.
Triangle YMCA gears teens for college
YMCA of the Triangle hosted a day of college preparation for over 500 teens on July 17.
The YMCA’s the annual Clarence E. Lightner Y Achievers College Day, held at the McKimmon Center at North Carolina State University, included college prep workshops and mock college interviews.
During the 2013-14 academic year, 125 middle-school and high-school students participated in the Clarence E. Lightner Y Achievers program, which included community service projects and leadership-skills training.
Boundless Impact to hold global summit
Boundless Impact will host its inaugural Global Opportunities Summit on September 30 in the Triangle.
The event, to be held from 8 a.m. to noon at the North Carolina Biotech Center’s Hamner Conference Center, will convene leaders from business, economic development, education, government and nonprofits to create a global vision for Triangle.
Keynote speakers will be Madhu Beriwal, CEO of IEM, and Geoffrey Lang, vice president and general manager of global technology and operations at MetLife.
Methodist Home elects two board members
Chris McClure of Raleigh, government relations and policy advisor at Brooks Pierce, and Andy Willis of Cary, senior advisor to the CEO for the University of North Carolina Health Care System, have been elected to the board of directors of the Methodist Home for Children in Raleigh.
Bar Association gives $134,000
The North Carolina Bar Association Foundation has awarded 20 endowment grants totaling $134,107. The funding includes 15 statewide grants and five local and regional grants, including two local projects in Raleigh and one each in Charlotte, Winston-Salem and Turkey, N.C.
The grants support one judicial project, eight legal services projects, one law school clinic, three student mock trial competitions, two scholarship programs.
Since 1988, 596 endowment grants totaling over $4.7 million have been awarded.
Charlotte insurance-industry golf event to benefit cause of homelessness
Community Matters: Insurance Partners of Charlotte will hold its inaugural golf tournament at Pine Lake Country Club on July 21, with golfers bringing clothing and household items for individuals and families in need.
Preventing and addressing homelessness is the group’s goal this year. Its charity partners are Charlotte Family Housing and Crisis Assistance Ministry.
Smithfield gets $350,000 grant to build park, ball field
The Town of Smithfield was awarded a $350,000 grant from the North Carolina Parks and Recreation Trust Fund build a large natural park that allows children of all abilities to play together, and a baseball field designed for children with special needs. With groundbreaking to begin in August, the park and ball field will be the only recreational space of its kind in Johnston County.
Mullen to head Innovation Institute at McColl Center
Sheila Mullen, a former business consultant and IBM executive, has been named director of the Innovation Institute at the McColl Center for Art + Innovation in Charlotte.
Mullen, who for six years has served on board of directors of the McColl Center, and chaired it in 2013, most recently was an executive consultant and wellbeing coach through her business, Continuous Motion Consulting.
Economic Developers Association elects president
C. Michael Smith, executive director of Statesville Regional Development, has been elected president of the North Carolina Economic Developers Association.
BCC Rally to benefit fight against breast cancer
BCC Rally, an all-volunteer nonprofit that raises funds and awareness to fight breast cancer, will host its 11th annual weeklong series of fundraising events Sept. 21-27 at Ballantyne Country Club in Charlotte. The series will feature a new event called Denim & Diamonds.
John Rex Endowment awards $1.25 million
The John Rex Endowment in Raleigh has awarded six three-year grants totaling over $1.25 million to the Wake County municipalities of Fuquay-Varina, Garner, Knightdale, Morrisville, Raleigh and Zebulon to create healthier environments for children by increasing access to healthy foods and active living opportunities.