CHAPEL HILL, N.C. (WNCN) – Carol Folt has announced she is stepping down as chancellor of the University of North Carolina at Chapel Hill.

“First, you’ve heard me say many times that it is the privilege of my life to serve as chancellor of this great university,” Folt said in a release. “I’m deeply proud of what you’ve accomplished and what we’ve accomplished together since I became a Tar Heel nearly six years ago in 2013.”

She will step down following graduation at the end of the academic year.

Folt also announced she has authorized the removal of the base and commemorative plaques from the Confederate Monument site in McCorkle Place.

“As chancellor, the safety of the UNC-Chapel Hill community is my clear, unequivocal and non-negotiable responsibility. The presence of the remaining parts of the monument on campus poses a continuing threat both to the personal safety and well-being of our community and to our ability to provide a stable, productive educational environment,” she said. 

Folt touted accomplishments in her announcement – like having highest level of research funding ever in the school’s history.