https://alumni.unc.edu/news/new-research...1-billion/

For the first time in the University’s history, annual new awards for research have exceeded the $1 billion mark. The record amount in new grants, contracts and awards received in the fiscal year that concluded June 30 comes largely from sources outside of North Carolina — primarily from federal research agencies and industry and nonprofit organizations.

Overall, the University received more than $1.048 billion in new research awards during the year. Funding from these awards is used by faculty experts, staff and students to conduct research projects and experiments for external sponsors. Research at Carolina drives discoveries, innovation and breakthroughs in everything from cancer research to clean water, criminal justice reform and treatments for COVID-19.