The University of North Carolina-Chapel Hill has announced an $18 million gift from the Shuford family in support of the university's nationally recognized undergraduate entrepreneurship program.
The largest single gift by a living individual or family ever to the College of Arts & Sciences will more than double the size of the entrepreneurship program, enabling the university to create three additional entrepreneurs-in-residence positions, hire up to four new faculty fellows, provide up to seventy student internships, and develop a lecture series on innovation and entrepreneurship. A portion of the funds also will endow the positions of executive director and internship director. In recognition of the gift, the minor in entrepreneurship will be named the Shuford Program in Entrepreneurship.
The Shufords are a fifth-generation Carolina family. Abel Alexander Shuford, Jr. was a member of the UNC class of 1900, and the gift was made by his great-grandchildren, siblings Jim and Stephen Shuford and Dorothy Shuford Lanier, all of whom are UNC alumni.
"This is an extraordinary gift for our university. We are so grateful to the Shuford family for making possible a major expansion of what is a core pillar of Carolina's strategic vision for the next decade," said UNC-Chapel Hill chancellor Carol L. Folt. "The new Shuford Program in Entrepreneurship expands our efforts in innovation and entrepreneurship across the college and provides many new interdisciplinary, immersive, and experiential learning opportunities for Carolina's bright students."