The University of North Carolina at Chapel Hill’s Trademarks and Licensing office transferred $3,524,316 to the Office of Scholarship and Financial Aid, contributing to Chancellor Folt’s goal of keeping Carolina affordable for students. The money came from net revenue made during the 2016-2017 fiscal year.
All net revenue from the trademark licensing program goes directly to merit and need-based scholarships. This year’s scholarship contribution from the program increased by $1.2 million from the previous year’s sales.
Additionally, the University receives royalties from product sales each time one of its athletic teams participate in a NCAA tournament. Carolina set a record in amount of Men’s Basketball royalties from a National Championship, at $1,398,586, and will continue to receive funds through this current fiscal year. The additional revenue from these royalties is separate from the $3.5M already transferred to the office of Scholarship and Financial Aid.
“Keeping the University affordable for students is one of the key goals of our trademarks and licensing program,” said Brad Ives, associate vice chancellor for campus enterprises. “We are proud to deliver great results this year, which will enable more students to attend Carolina.”
Unlicensed materials do not benefit UNC-Chapel Hill, or student scholarships. Licensed merchandise may be found at reputable vendors and may be easily identified with an Officially Licensed Collegiate Product labels.