Section 4.07.03: Establishment of Special Faculty Positions
SUBJECT: Establishment of Special Faculty Positions
SOURCE: Board Policy Manual 803.0402
POLICY
803.0402 ESTABLISHMENT OF SPECIAL FACULTY POSITIONS
Support of Academic Positions from Gifts and Endowments
No endowed chair, professorship or fellowship will be established or announced without prior approval of the Board of Regents, and no initial appointment will be made to a chair, professorship or fellowship without prior approval by the Board. Recommendations to the Board concerning specially designated academic positions will be made through the Chancellor to the Board. Before the final action of the Board, such recommendations will be referred to the Finance and Business Operations Committee and the Education, Research and Extension Committee.
The minimum funding levels for each endowed academic position listed below shall be established periodically by the Board upon recommendation by the Chancellor. (The initial recommendations are included below for each position.)
The categories of endowed academic positions shall be described as follows:
| Research and Regional Universities |
State Colleges and Universities and Associate Degree Colleges |
||
|
Distinguished University Chairs |
$2,000,000 |
||
|
Distinguished Chairs |
$1,000,000 |
Distinguished Chairs |
$500,000 |
|
Chairs |
$500,000 |
Chairs |
$300,000 |
|
Distinguished Professorships |
$400,000 |
Distinguished Professorships |
$200,000 |
|
Professorships |
$200,000 |
Professorships |
$100,000 |
|
Distinguished Scholar |
$100,000 |
Distinguished Scholar |
$50,000 |
|
Fellowships |
$50,000 |
Fellowships |
$30,000 |
|
Lecture or Seminar Series |
$50,000 |
Lecture or Seminar Series |
$30,000 |
Specially Designated Faculty Positions Funded By Endowments
The endowed chairs, professorships and fellowships will be established by the Board of Regents upon request of the institutional President and recommendation of the Chancellor only after it is assured that the endowment is properly funded and that the investment strategy of the endowment, wherever held, will meet the continuing demands of the chair, professorship or fellowship. This assurance must address the proper mix of capital growth, income production and liquidity. The institution will pay from its funds such amounts as are necessary to set the salary of the holder at a level commensurate with his or her record, experience, and position in the faculty. The endowment income will be used for salary supplementation and for other professional support of the holder of the endowed position, including assistance in the research of the holder.
The holder of a fellowship shall be a qualified person of any academic rank, without regard to tenure status. The endowed fellowship will be used to provide temporary support (not to exceed one academic year) of distinguished scholars who are in temporary residence at the institution while participating in planned academic programs; visiting scholars who are in temporary residence at the institution for special academic programs or purposes; institution faculty who have made unique contributions to academic life or to knowledge in their academic discipline; and institution faculty of any academic rank irrespective of tenure status, who have been selected for teaching excellence through procedures established by the institution (BR Minutes, 1989-90, pp. 147-148).
Last Updated 04/02/2002
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