C.D. Spangler Foundation, Inc. is a not-for-profit foundation with over $196 million assets under management. It is based in Charlotte, North Carolina. The C. D. Spangler Foundation has proposed two new challenge-grant programs that together will make $26.9 million available to support the creation of up to 96 distinguished professorships across the 16 University of North Carolina campuses. In 2007, the Foundation has committed to provide $6.9 million—the full private funding required to endow one distinguished professorship on every UNC campus. Beginning in 2008, the Foundation will invest up to $20 million over five years to help each campus qualify for one additional endowed chair each year—potentially adding 80 more professorships.