CHAPEL HILL — Matt Kupec, a former quarterback at the University of North Carolina-Chapel Hill who became the university’s chief fundraiser, has resigned as vice chancellor for advancement amid questions related to his travel expenses, the university announced Monday.

UNC-CH Chancellor Holden Thorp accepted Kupec’s resignation effective immediately and the university said an internal investigation has been launched by its internal auditor.. The University said it may may also engage a third-party auditor to review the expenses.

“This is a difficult day,” said Thorp. “Matt has made significant contributions over the years, raising billions of dollars for the University. However, these are serious issues that require a

thorough investigation.”

Kupec, whose annual salary is listed at $349,800, was employed by the university for over 20 years, and served as vice chancellor for advancement for 16 years.

In a statement, Kupec said:

“I have been privileged to have worked with incredibly talented faculty, students, administrators and staff. I have worked with gifted Chancellors. But most of all, I have been fortunate to work with a score of passionate alumni and friends who love this University and who have paved the way through their generosity to make Carolina a true gem.

“I will miss you all but in my heart I will always be a part of the Carolina family.”

Kupec said he was proud to have led to led two major fundraising campaigns – the $440 million Bicentennial Campaign for Carolina and the $2.38 billion raised during the Carolina First Campaign. Overall, he said, he raise $4 billion for the university.

Kupec played quarterback for Carolina from 1976 through 1979.

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