By University Development

CHAPEL HILL (April 4, 2025) – On April 3, Paul Fulton ’57 became the second recipient of the Lux Libertas Philanthropy Award, UNC-Chapel Hill’s highest honor in recognition of exceptional service in private philanthropy.

The Lux Libertas Philanthropy Award recognizes those who commit themselves to supporting Carolina through service and philanthropy. Recipients are acknowledged for their dedication to ensuring Carolina continues to be a beacon of light and liberty to its community. Tom Kenan received the first award in 2024.

“Paul Fulton’s leadership and generosity have left an indelible mark on Carolina,” said Chancellor Lee H. Roberts. “His steadfast commitment to public education and his deep love for Carolina serve as both a guide and as an inspiration. His advocacy, vision and philanthropy have strengthened our institution in ways that will benefit generations of Tar Heels to come. It is fitting that we recognize him with the Lux Libertas Philanthropy Award, as he truly embodies the light and liberty that define Carolina’s mission.”

The former dean of the Kenan-Flagler Business School (1993-97), member of the UNC-Chapel Hill Board of Trustees (2001-09), and member of the UNC Board of Governors (2009-13), Fulton has spent over 30 years advocating for the University and public education.

During his time at Kenan-Flagler, Fulton expanded the school’s reach and scope. He brought in new faculty, established connections with businesses throughout North Carolina, and supported fundraising initiatives to push the business school to new heights.

Under Fulton’s leadership at Kenan-Flagler, alumni giving doubled and participation doubled to 27%. More than half the cost of the McColl Building, which was built during his tenure, was raised from private sources.

Fulton went on to co-chair the Carolina First Campaign under Chancellor Emeritus James Moeser, which expanded the Honors Carolina program, funded widespread campus renovations and construction, and enabled Carolina to build its London study abroad program. In 1998, the UNC-Chapel Hill Board of Trustees awarded Fulton the William Richardson Davie Award, its highest honor for individuals who have given extraordinary service to the University or society.

“Paul Fulton’s dedication to Carolina and leadership in fundraising has transformed Carolina and inspired others to expand opportunities for students, strengthen faculty and elevate programs,” said Michael C. Andreasen, vice chancellor for development at UNC-Chapel Hill. “His unwavering commitment to philanthropy has ensured that UNC continues to thrive, and we are immensely grateful for his impact.”

But Fulton’s commitment extends beyond Carolina to higher education as a whole. Since retiring from a formal role at UNC-Chapel Hill, Fulton has become an outspoken advocate for the importance of public education. Fulton now chairs Public Ed Works, a nonprofit group focused on “increasing residents’ knowledge of public education in North Carolina.”

Carolina thanks Fulton for his dedication to the University and for demonstrating the meaning of “Lux Libertas” for over 30 years.