CHAPEL HILL, N.C. — FedEx will give $5 million to the University of North Carolina at Chapel Hill to help cover the costs of a new international center being built on the campus.

The $39 million building will be named after FedEx. It is scheduled to open next year and will serve as a hub for international studies, research, public service and cultural exchange.

“As the most international of companies, FedEx is a strong strategic fit for UNC-Chapel Hill because we intend to be among the most international of universities,” said UNC Chancellor James Moeser. “The new building FedEx is supporting gives Carolina a tremendous opportunity to showcase our international assets, advance our internationalization efforts and make a statement to the state, nation and world that we are seriously committed to global education and engagement.”