Am I the only one who winced while reading about UNC’s new $4 billion capital fundraising campaign. It comes on the heels of a $2 billion capital campaign which wound down last December. My initial thoughts: Why now? And will anyone allow us to take a look at how UNC endowment money is spent?
Let’s be clear, I have no problem with private support for colleges. It’s a valuable source of support for many instiutions. And, individuals have the right to contribute money wherever they please. Still, I think something is wrong when certain public universities with hefty and ever-growing endowments require struggling taxpayers to finance multi-million dollar capital building projects with no voter input. The current budget includes $522 million in COPs-financed building projects for UNC — a significant financial investment. No, UNC should not be responsible for all capital costs. But, shouldn’t financially strong institutions be expected to contribute accordingly? The topic needs to be raised.