Named
Endowment Faculty Funds
| Effective Date: |
09.22.1976 |
Revision Date: |
06.17.1997 |
| Chapter Name: |
University
Development |
Policy Number: |
5.7 |
| Policy Name: |
Named
Endowment Faculty Funds |
| A
PDF version of this policy is available
via this link. |
UNIVIERSITY POLICY STATEMENT:
Eastern Michigan University encourages the endowment
of Named Faculty Funds in support of the academic
mission of the University. Endowment opportunities
include: named endowed distinguished chairs, named
endowed distinguished professorships and named visiting
scholar endowments.
UNIVIERSITY PRACTICE:
University practices for implementing this policy
include:
- Named Endowed Distinguished Chairs
The purpose of endowed distinguished chairs is
to attract outstanding faculty to Eastern Michigan
University. Income from the endowment provides supplemental
compensation to the chair holder as well as academic
support funds, including but not limited to graduate
assistant stipends, secretarial support and travel
expenses. The minimum value of a named endowed distinguished
chair must be $1,000,000 before funds will be available
to use for the stated purposes.
- Named Endowed Distinguished Professorship
The purpose of endowed distinguished professorships
is to recognize current members of the faculty whose
accomplishments are extraordinary in teaching, writing,
research or service. Income from the endowment provides
supplemental compensation for the faculty member
as well as academic support funds. The minimum value
of a named endowed distinguished professorship must
be $500,000 before funds will be available to use
for the stated purposes.
- Named Visiting Scholar Endowment
The purpose of a named visiting scholar endowment
is to attract nationally or intemationa1ly recognized
visitors to the University for a limited time, generally
from one week to one year. This endowment may be
used for distinguished scholars, teachers, lecturers,
research investigators, artists, writers, executives-in-residence,
or others who advance the academic and educational
goals of the University. The minimum value of a
named visiting scholar endowment must be $500,000
before funds will be available to use for the stated
purposes.
The assignment of endowed distinguished chairs,
distinguished professorships and visiting
scholars to a college or department
shall be made by the donor or the president of the
University or his or her designee.
- Method of Selection of Candidates
The method of selection of candidates for endowed
distinguished chairs, distinguished professorships
and visiting scholars shall be specified in the
endowment criteria by the donor or college/department
benefiting from the endowment.
The president of the University, or his or her
designee, shall be responsible for naming endowed
distinguished chairs, distinguished professorships
and visiting scholars. Consideration will be given
to naming the endowment after any donor who contributes
50 percent or more of the minimum required value
of the endowment.
RESPONSIBILITY FOR IMPLEMENTATION:
The Vice President for University Advancement
is responsible for the
implementation of
this policy.
SCOPE OF POLICY COVERAGE:
This policy applies to all endowments created as
named endowed faculty funds.
| Authority
for Creation or Revision: |
| Minutes
of the Board of Regents, June 17, 1997, para.
.5251M |
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