Incentive pay approved for top UNC fundraiser post
The UNC Board of Trustees today approved an incentive compensation plan for the next vice chancellor for development, the university’s top fundraiser.
The vice chancellor could receive incentive pay of as much as 25 percent of his or her base pay for meeting certain goals set by the chancellor.
UNC has launched a search for a permanent vice chancellor for development to replace Matt Kupec, who resigned last year after racking up nearly $17,000 in questionable travel-related and other expenses.
Julia Sprunt Grumbles, a former corporate vice president of Turner Broadcasting in Atlanta, has served as interim vice chancellor for development since September 2012.
UNC officials see the incentive as a valuable tool in the highly competitive search for senior level fundraising talent.
UNC General Administration has set a salary maximum for the position at $395,874. That means the school’s top fundraiser could earn an extra $98,968 for meeting certain goals set by the university’s chancellor.
Officials said the vice chancellor’s goals would be reviewed annually and could change from year-to-year, depending on the needs of the university.
The board also approved significant changes to the Chapel Hill Foundation, Inc.’s travel and expense policies and procedures.