UNC Health Care to transfer $20 million to University to help offset budget cuts

UNC-Chapel Hill’s budget cuts of more than $100 million, or 17.9% of its state appropriation, will be partially offset by a $20 million transfer of funds from UNC Health Care to help the University and the UNC School of Medicine absorb the cuts. UNC Health Care annually transfers funds to the School of Medicine for mission, academic and clinical support.

In a letter to the University community, UNC Chancellor Holden Thorp said, "We're grateful to Bill Roper, dean of the School of Medicine and CEO of UNC Health Care, and to the health care executive board for approving the transfer." You can read Chancellor Thorp's full message to the University here.