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Aug 15, 2023

Naming Gift to Kenan Institute Establishes Luther Hodges Scholars Program


Rob Knapp
Kenan Institute External Affairs Associate
m: 704.662.2897

CHAPEL HILL, N.C. (Aug. 15, 2023) – The Kenan Institute of Private Enterprise will launch the Luther Hodges Scholars program in fall 2023. The program will serve as a flagship undergraduate excellence program for UNC Kenan-Flagler Business School students committed to addressing the most pressing challenges facing business and society.  

Made possible thanks to a naming gift from Carolina alumnus Luther Hodges ’57, the merit-based program will provide a world-class scholarship experience aimed at developing leaders with the skills to work across academia, the private sector and public policy.  

Developing cross-sector leaders was an integral component of the commitment by Hodges, an independent financial services professional with strong ties to UNC-Chapel Hill and the state of North Carolina.  

“The Hodges family is known not only for their success in business, but also for their unwavering commitment to public service and higher education,” said UNC-Chapel Hill Chancellor Kevin M. Guskiewicz. “We are grateful for their continued support at Carolina, particularly for a program that will strengthen student success and prepare UNC Kenan-Flagler graduates to address the most challenging issues business and society face both today and in the future.”   

The transformational funding builds upon the success of the institute’s previous undergraduate scholarship program, which was initiated in 2016 with support from the William R. Kenan, Jr. Fund.   

The program will expand to provide a select group of up to 25 business students each year with:  

  • Numerous new enrichment opportunities, such as immersive alternative break experiences and cross-sector internship opportunities locally, nationally and abroad.  
  • Exclusive luncheon roundtables, field trips, conferences and skill-building training.  
  • One-on-one and group mentoring from top global business, academic and public policy leaders.  
  • Expanded staff capacity to provide individual career advising, professional development and program coordination. 
  • Financial support for experiential learning.  
  • Dedicated faculty to oversee original student research.   
  • New for-credit courses focused on core competencies of research, leadership and cross-sector collaborations.   
  • Alumni engagement and postgraduate networking opportunities.  

“The Hodges family has succeeded for decades in building connections across sectors to drive opportunity for, and beyond, the state of North Carolina,” said Kim Allen, Luther Hodges Scholars executive director. “Thanks to their generosity, our scholars will now be equipped to do the same.”  

To learn more about the Luther Hodges Scholars program, please visit HodgesScholars.unc.edu – or hear from our students directly in this short video.  


About the Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School   
The Frank Hawkins Kenan Institute of Private Enterprise develops and promotes innovative, market-based solutions to vital economic issues.  With the belief that private enterprise is the cornerstone of a prosperous and free society, the institute fosters the entrepreneurial spirit to stimulate economic prosperity and improve the lives of people in North Carolina, across the country and around the world.  

About UNC Kenan-Flagler Business School  
The mission of UNC Kenan-Flagler Business School is to build and inspire leaders who make the world a better place. It offers a broad range of programs – Undergraduate Business, MBA, Master of Accounting, PhD and Executive Development – that are consistently ranked among the world’s best. Faculty and staff share an unparalleled dedication to our students’ learning and long-term success. Graduates are renowned as effective, principled leaders with the technical knowledge and leadership skills to deliver results in the global business environment. The Business School fosters learning as a lifelong journey by creating and delivering rigorous, relevant thought leadership, and building a community committed to shared core values of integrity, inclusion, innovation and impact.    

About the University of North Carolina at Chapel Hill  
The University of North Carolina at Chapel Hill, the nation’s first public university, is a global higher education leader. Carolina is passionately public, with a commitment to ensuring that every student who earns admission can come to Carolina and thrive. Addressing the greatest challenges of our time through innovative teaching, research and public service, Carolina is an engine of opportunity for the next generation of students, the economy and innovation in North Carolina and beyond. A member of the prestigious Association of American Universities, Carolina regularly ranks as the best value for academic quality in U.S. public higher education. More than 361,000 alumniof Carolina’s 15 schools including the College of Arts and Sciences live in all 50 states, the District of Columbia, U.S. Territories and 149 countries. Nearly 190,000 live in North Carolina.   

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