New UNC-Chapel Hill gift being put toward music department revamps
April 26, 2013
In recent years, when the economic landscape across the United States was dismal, funding for the arts within schools was often one of the first things to be cut. However, now that there has been a relative turnaround, that is no longer the case.
It's certainly not what administrators and students at the University of North Carolina at Chapel Hill have been seeing lately. They were recently given a $5 million gift from the William R. Kenan Jr. Charitable Trust. The funds will be put toward an initiative to renovate Hill Hall, the building that houses the school's music department.
"This project will be a tremendous boon for our department of music, the college, the university and the community. Great arts programs need state-of-the- 'art' facilities," UNC Chancellor Holden Thorp remarked. "This gift is just the latest from the Kenan Trust to fulfill that requirement for Carolina."
This isn't the Kenan Trust's first foray into education. Mr. and Mrs. William Rand Keenan Jr. started the organization in Buffalo, New York, in 1963 with the goal of it becoming a center of arts, education and recreational activities in the upstate region. Since then, they have given many gifts, held art exhibits and sponsored theater events, among many other projects.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.