Mission & History

 

Our Mission

Established in 1949, The Medical Foundation of North Carolina, Inc. secures financial and volunteer resources for the UNC School of Medicine and UNC Health Care to provide for a healthier future through medical education, research, and patient care.

History

The Medical Foundation of North Carolina, Inc. was chartered in 1949 as a 501(c)(3) charitable not-for-profit organization. Today, The Medical Foundation is responsible for encouraging private gift support of programs throughout the School of Medicine and the UNC Health Care. The Foundation is the only organization approved for fundraising with the School and Hospitals and is responsible for coordination and clearance of private gift activities. 

The dedication of physicians to their patients drives medical science to discover better means of preventing and treating disease. However, with the state supplying only 12 percent of the UNC Medical Center’s annual budget, the Center must rely on the support of its friends and alumni. The Medical Foundation presently is raising approximately $17 to $20 million each year in new gift support to benefit the School and Hospitals. Many other private gifts, in support of the School and Hospitals, flow directly into University accounts and other departmental trust funds. It is estimated that total private gift support of all programs approaches $50 million annually.

The programs of The Medical Foundation are many and varied. Nearly 1,100 individual accounts are managed both for endowment and current operations purposes. Although the majority of funds are for restricted purposes (scholarships, professorships, lectureships, research support), there is also a growing unrestricted quasi-endowment. Over the years, assets have accumulated and now total approximately $234 million.

For a more in-depth look at the history of the Medical Foundation,click here.

Photo: A meeting of officers of the Medical Foundation of North Carolina, early 1950s. Seated left to right are Collier Cobb, Jr., Lennox P. McLendon, and George Watts Hill. Standing left to right are Drs. H.O. Lineberger, Harry L. Brockmann, William M. Coppridge, Paul Whitaker, and Shahane R. Taylor. (UNC Photo Lab, NCC)

 

 

Contact Us


The Medical Foundation
of North Carolina, Inc.
880 Martin Luther King Jr. Blvd.
CB# 7565
Chapel Hill, N.C. 27514-2600
Toll-free: 1-800-962-2543
Phone: (919) 966-1201
Fax: (919) 966-5470
 

880 MLK Jr. Boulevard, CB#7565, Chapel Hill, NC 27514-2600 Toll-Free: 1.800.962.2543 Ph: 919.966.1201 Fax: 919.966.5470