On December 3, 2014, the University of North Carolina at Chapel Hill announced a $100 million commitment from Fred Eshelman to create the Eshelman Institute for Innovation at the UNC Eshelman School of Pharmacy.

The commitment is the largest from an individual in UNC history and the largest ever to a U.S. pharmacy school. The Institute will pursue high-risk, high-reward ideas that advance innovation in education, research, and health care.

The UNC Eshelman School of Pharmacy is a nationally recognized hub of discovery for disease treatments, drug-delivery systems, and health care practice. Over the past ten years, the School has generated 165 new patents and 19 start-up companies.