The Clef Hangers (also known as the Clefs) are the university's oldest a cappella group, founded by Barry Saunders in 1977.[208][209] The group has since won several Contemporary A Cappella Recording Awards (CARAs), including Best Soloist in the song Easy, featured on the 2003 album Breeze. They have won two more CARAs for Best Male Collegiate Songs for My Love on Time Out (2008),[210] and for Ain't Nothing Wrong on Twist (2009).[211] Members have included Brendan James, who graduated in 2002,[212] and Anoop Desai, who graduated in 2008.[209] Since the spring of 2002, the Clef Hangers have sung each year at Commencement. They hold fall and spring concerts, sometimes featuring special guests.
In 2003, Chancellor James Moeser announced the Carolina Covenant, wherein UNC offers a debt free education to low-income students who are accepted to the university. The program was the first of its kind at a public university and the second overall in the nation (following Princeton University). About 80 other universities have since followed suit.[161]
Many Tar Heels have become business leaders. The leaders include Jason Kilar,[280] former CEO of Hulu; Howard R. Levine,[281] chairman of the board and CEO of Family Dollar; Paul Kolton,[282] chairman of the American Stock Exchange; Julian Robertson,[283] founder of Tiger Management Corp.; Bill Ruger,[284] founder of Sturm, Ruger; Warren Grice Elliott, former president of Atlantic Coast Line Railroad; Allen B. Morgan, Jr.,[285] founder and former CEO of Morgan Keegan & Company; Ken Thompson,[286] former chairman and CEO of Wachovia; Hugh McColl,[287] former CEO of Bank of America; Sallie Krawcheck,[288] former CFO of Citigroup Inc ,William Johnson,[289] the current president and CEO of Progress Energy, John A. Allison IV, former CEO of BB&T,[citation needed], Marvin Sands, founder and CEO of Constellation Brands,[290] Ritch Allison, CEO of Dominos Pizza, Chuck Robbins, CEO of Cisco, Jonathan Reckford, CEO of Habitat for Humanity, and Michelle Buck, CEO of The Hershey Company, William H. Rogers Jr., CEO of SunTrust Banks,[291] William B. Harrison Jr., former CEO of JPMorgan Chase,[292] and Peter Grauer, Chairman of Bloomberg.[293]
Also located in McCorkle Place is the Davie Poplar tree under which the university's founder, William Richardson Davie, supposedly selected the location for the university. The legend of the Davie Poplar says that as long as the tree stands, so will the University.[84] Because of the tree's questionable health from damage caused by severe weather such as Hurricane Fran in 1996, the university has planted two genetic clones nearby called Davie Poplar Jr. and Davie Poplar III.[84] The second clone, Davie Poplar III, was planted in conjunction with the university's bicentennial celebration in 1993.[85][86] The student members of the university's Dialectic and Philanthropic Societies are not allowed to walk on the grass of McCorkle Place out of respect for the unknown resting place of Joseph Caldwell, the university's first president.[87]
For decades, UNC-Chapel Hill has offered an undergraduate merit scholarship known as the Morehead-Cain Scholarship. Recipients receive full tuition, room and board, books, and funds for summer study for four years. Since the inception of the Morehead, 29 alumni of the program have been named Rhodes Scholars.[158] Since 2001, North Carolina has also co-hosted the Robertson Scholars Leadership Program, a merit scholarship and leadership development program granting recipients full student privileges at both UNC-Chapel Hill and neighboring Duke University.[159] Additionally, the university provides scholarships based on merit and leadership qualities, including the Carolina, Colonel Robinson, Johnston and Pogue Scholars programs.[160]
The program's first recorded game took place in 1867, when the Tar Heels defeated a Raleigh all-star team, 34-17. Although baseball continued to be played at UNC, there exists a gap in record-keeping during Reconstruction, despite the noted existence of the UNC baseball team. The program's next recorded games were played in 1891. Thereafter, the University sponsored a varsity intercollegiate baseball program on a regular basis from that season onwards.