Routh named UNC vice chancellor for development
David Routh, a UNC alumnus and managing director of a private wealth management organization in Raleigh, has been appointed vice chancellor for development at UNC.
Routh was selected for the job after a national search and the work of a UNC search committee led by UNC Board of Trustee Chairman Lowry Caudill.
He will begin work Oct. 14.
As vice chancellor of development, Routh will be the university’s chief fundraising officer, overseeing the development office staff and working closely with campus fundraising officers and foundations that support schools, the College of Arts and Sciences and other units.
He also will become chief executive of the UNC-Chapel Hill Foundation Inc., a nonprofit corporation that receives gifts on behalf of the university.
“We’re excited to be bringing a new leader into the fold, but also a person who knows people here, has worked with members of the development team in the past,” said UNC Chancellor Carol Folt, who announced the appointment following a closed-door meeting with the Board of Trustees.
Routh, who lives in Chapel Hill, currently serves as managing director U.S. Trust/Bank of America Private Wealth Management, and has spent the last 17 years of his career serving individuals, families and their charitable interests.
Routh has worked at UNC before. He was the university’s director of gift planning central development from 2006 to 2009 during the university’s last major fundraising campaign, called Carolina First.
That campaign raised $2.38 billion over eight years.
Julia Sprunt Grumbles, a former corporate vice president of Turner Broadcasting in Atlanta, has served as interim vice chancellor for development since September 2012.
Grumbles got the call after Matt Kupec was forced to resign when questions were raised about his travel expenses.
An internal audit eventually found that Kupec misspent more than $17,000 in university money on personal trips, many of them with Tami Hansbrough, the mother of former UNC basketball star Tyler Hansbrough.
Routh will be paid $395,000 a year, but could be eligible for incentive pay amounting to as much as 25 percent of his base pay for meeting certain goals set by Folt.
That means Routh could earn as much as $98,868 in incentive pay.