With incentives, UNC fundraising chief’s pay could rival chancellor’s

By Todd Cohen

CHAPEL HILL, N.C. — Thanks to a deal proposed by Chancellor Carol Folt and approved this summer by the board of trustees, annual pay for David Routh, the incoming fundraising chief at the University of North Carolina at Chapel Hill, could total $494,000, or only $26,000 less than Folt’s own salary.

The annual salary for Routh, who was named Thursday and begins his job October 14 as vice chancellor for development, will total $395,000.

And if he meets goals Folt sets, Routh also could get incentive pay totaling up to 25 percent of his base pay, or nearly $99,000, bringing his annual pay to nearly $494,000.

Folt’s annual salary is $520,000, compared to $432,600 for her predecessor, Holden Thorp, UNC says.

The stakes are high for both Folt and Routh: A comprehensive fundraising campaign at UNC-CH that at one time was expected to total $3 billion has been on hold for years.

Plans to launch the campaign initially were delayed by the collapse of the economy five years ago.

They were delayed again in the spring of 2012 by the board of trustees, which reportedly rejected plans for the campaign submitted by Thorp and Matt Kupec, the former vice chancellor for advancement, saying the plans needed more work.

This summer, during the search for the new vice chancellor, the UNC-CH board of trustees approved a proposal by Folt to provide the incentive pay.

That move prompted speculation that Folt, former interim president at Dartmouth who became UNC chancellor on July 1, was courting a candidate who already was paid $500,000 or more, or wanted to be paid that amount.

Routh, a 1982 graduate of UNC-CH, has been serving as managing director for U.S. Trust/Bank of America Private Wealth Management in Raleigh and is a former director of gift planning at the university.

Thorp resigned in September 2012 in the face of a scandal involving Kupec, who had resigned days earlier after 21 years as the school’s fundraising chief.

Kupec’s annual salary totaled $349,800, UNC says.

The annual salary for Julia Sprunt Grumbles, a former corporate vice president at Turner Broadcasting who served for a year as interim vice chancellor for advancement before stepping down in early September, was $295,000.

Thorp named Grumbles to the post after he resigned but before he stepped down in June. He now is provost at Washington University in St. Louis.

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UNC-CH names David Routh vice chancellor for development

By Todd Cohen

CHAPEL HILL, N.C. — David Routh, managing director for U.S. Trust/Bank of America Private Wealth Management in Raleigh and former director of gift planning at the University of North Carolina at Chapel Hill, has been named UNC’s vice chancellor for development.

The hiring of Routh, who begins work October 14, concludes a turbulent year for fundraising at the UNC triggered by a scandal involving his predecessor, Matt Kupec, that led to the resignations of Kupec and of Holden Thorp as chancellor.

After he resigned but before he stepped down in June, Thorp named Julia Sprunt Grumbles, a former corporate vice president at Turner Broadcasting, as interim vice chancellor for development. Grumbles stepped down earlier this month.

And in January, Elizabeth Dunn retired as senior associate vice chancellor for university advancement at UNC-CH. That position still is vacant.

Carol Folt, former interim president of Dartmouth who became UNC’s chancellor on July 1, announced Routh’s appointment today in an email message to the UNC community.

With a new chancellor and vice chancellor, UNC is expected to move ahead with planning for a long-delayed comprehensive campaign that at one time was expected to total $3 billion.

Routh, a UNC-CH graduate, also will be chief executive of the UNC-Chapel Hill Foundation Inc., a nonprofit that receives gifts on behalf of the University, its schools and units.

He has spent the last 17 years serving individuals, families and their charitable interests, including colleges and universities, private foundations and charitable trusts.

At UNC, Routh was director of gift planning in central development from 2006 to 2009 during the school’s last major fundraising campaign, which raised a record-high $2.38 billion over eight years.

He is vice chair of the Board of Visitors for the UNC Lineberger Comprehensive Cancer Center and chair of its Capital Campaign Planning Committee.

A native of Greensboro, Routh is a 1982 UNC-CH graduate, with bachelor’s degrees in economics and religious studies.