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Frequently Asked
Questions
What
is the Chancellor's Excellence
Fund?
The Chancellor's Excellence Fund
includes unrestricted annual gifts to the University, typically from
alumni. The generous resources provided through the Chancellor's
Excellence Fund are used each year for the University's most pressing needs.
Who
decides what my gift will support? You can decide what you gift
will support by designating your gift to the department or program
of your choice when you make your gift. Or, if you make an
unrestricted gift to the Chancellor's Excellence Fund, your gift
will support the areas of the University's greatest need. The
Chancellor works with faculty, staff, and students to identify our
most critical needs. The Chancellor's recommendations are presented to the Board
of Directors of the UNC Asheville Foundation for approval.
What does "unrestricted" mean? When you make an unrestricted
gift, you allow the University
to decide how to use your gift. Unrestricted gifts go immediately
where they are needed most--scholarships for underrepresented
groups, search for new staff, Admissions open houses, and more. Our
use of the Chancellor's Excellence Fund changes from year to year,
depending issues facing the University.
Doesn't tuition cover the cost of education? At UNC
Asheville, as at most colleges, the cost of education is higher than
tuition. Some 17% of the University's budget comes from gifts from
parents, alumni, and friends. Approximately 59% of
students received some form of financial aid--thanks in part to the
generosity of our
donors.
Will my gift really make a
difference? When combined with gifts from others, your
gift of any size has a tremendous impact, helping talented students
attend UNC Asheville, sustaining the high quality of our curriculum,
and providing other vital support for the University's day-to-day
excellence.
Is my gift tax-deductible? Because
gifts are managed through the not-for-profit UNC Asheville
Foundation, your gift is eligible for charitable deductions to the
extent allowed by law.
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