Folt and UNC administrators have dealt with handling Silent Sam. The tensions surrounding the monument have recently reached a boiling point in a larger national conversation about the purpose and necessity of Confederation monuments.
Silent Sam is the nickname for the statue of a Confederate soldier who was built at the request of the Federal President United Daughters of the Confederation. It was dedicated in 1913 to remember the "Sons of the University who died for their beloved Southland between 1861 and 1865," says the UNC website.
The months-long discussion with faculties and students prompted Folt and the Board of Trustees UNC to propose a new $ 5.3-million building for safe housing of Silent Sam. However, this plan was rejected by the UNC Board of Governors in December.
The board gave the administrators until March 15 to work out another recommendation.
Folt said in her letter that she approved the removal of Silent Sam's pedestal and plaques from the Confederate Heritage Site.
"The remaining parts of the campus memorial pose a constant threat to both the personal safety and well-being of our community and our ability to create a stable and productive educational environment," said Mr Folts letter. "Nobody learns best when he feels insecure."
Folt also said the controversy surrounding the monument had caused too much disruption.
"Carolinas leadership must focus fully on helping our university realize its vision and live up to its values," she said.
The chairmen of the UNC Board of Trustees also made a statement on Monday saying they supported the decision by Folt to resign.
"It brought remarkable energy and deep passion to countless initiatives that made Carolina stronger and ready to inspire future generations of students, teachers, staff and alumni," the statement said.
"We are incredibly disappointed with this intentional action," Smith said. "There is a lack of transparency, undermining and insulting the Board's goal of acting with class and dignity, and we strive to ensure that relevant stakeholders are always involved and that we always work in a healthy and professional manner."
The process and schedule of the board for identifying the best solution for the future of Silent Sam "remains unchanged."
"The safety and security of the campus community and the public visiting the facility remains paramount," said Smith.
Time of Folt at UNC
Folt, who arrived at UNC in 2013, arrived at the university in the midst of an academic scandal involving student-athletes starting in 2011.
"I have decided that this is the right time for me to hand over the leadership of our excellent university to the next Chancellor with all her momentum, and to look for my own" new and next "," said
Chris Boyette of CNN contributed to this report.