Kevin Guskiewicz has served as chancellor since Carol Folt was forced out at the end of January 2019.
Sunday's installation was different than years past because of the coronavirus pandemic. The ceremony's audience was virtual, greetings from state officials were pre-recorded and Guskiewicz was sworn in on the Durant Bible by a judge conducting the oath 12 feet away.
During the installation, Guskiewicz announced UNC Kenan-Flager Business School received a $50 million donation by Steve Bell, of Greensboro and an anonymous donor. University leaders said Bell initially pledged $11 million to build a new building to increase undergraduate enrollment by 50% and help graduate programs. Bell then upped his pledged to $25 million. An anonymous donor then matched Bell's donation of $25 million.
The installation comes just ahead of University Day, UNC-Chapel Hill's birthday, which will officially be celebrated on Monday.