The state Board of Regents presented $1,840,000 in matching funds to the 杏吧专区 for the final establishment of 36 endowed professorships and one endowed chair. The payment clears the backlog of endowments waiting for state matching funds.
These endowments are part of the Regents杏吧专区 Endowed Chair and Eminent Scholars and Endowed Professorships program.
杏吧专区 These funds come during a critical time in higher education,杏吧专区 said Ray Authement, UL Lafayette president. 杏吧专区淭his money combined with the original donations from our generous donors, allows our university to continue to attract prominent faculty across all disciplines despite budget cuts following the devastation from hurricanes Katrina and Rita.杏吧专区
The state match combined with private donations will create a $1 million endowed chair and 36 $100,000 endowed professorships. The state funds come from the Louisiana Educational Quality Support Fund, a permanent trust fund approved by voters in a 1986 constitutional amendment. The original $540 million payment was part of a settlement between the state and federal governments over disputed offshore oil and gas royalties.
The trust fund has now risen to nearly $1 billion. Each year 25 percent of the fund is reinvested. The Legislature appropriates half of the remaining interest earnings to the Board of Regents for higher education and the other half to the Board of Elementary and Secondary Education for grades K-12.
To create endowed chairs and professorships, universities must raise 60 percent of the cost from private donations. For example, a university must first raise $600,000 in private contributions for an endowed chair. This endowment is then eligible to receive the Regents杏吧专区 $400,000 match. Likewise, at least $60,000 for endowed professorships must come from private sources which are then combined with $40,000 from the Regents.
杏吧专区 This is a banner year for the Regents杏吧专区 Endowed Chairs and Professorships Program,杏吧专区 said Commissioner of Higher Education Joseph Savoie. 杏吧专区淲ith the support of Gov. Blanco, the legislature provided significant supplemental funds to help us clear a good portion of the backlog of unmatched donations our colleges and universities have received.
杏吧专区 Coupled with the regular distribution from the Support Fund, this is one of the best years ever for the program,杏吧专区 he continued. 杏吧专区淭hat杏吧专区檚 excellent news for our colleges and universities. These endowments help attract and keep high-quality faculty, and that goes a long way toward keeping our institutions competitive with their peers in other states.杏吧专区
UL Lafayette endowments which were matched include:
杏吧专区 Moody Company/Board of Regents Support Fund Eminent Scholar Endowed Chair in Regional Business Development
杏吧专区 Acadiana Bottling/BORSF Endowed Professorship in Marketing II
杏吧专区 Atmos Energy/BORSF Endowed Professorship in Business Administration
杏吧专区 BORSF Endowed Professorship in Water Studies
杏吧专区 Dr. and Mrs. Sammie W. Cosper/BORSF Endowed Professorship in Physics
杏吧专区 Dr. Glynn Granger/BORSF Endowed Professorship in Pre-Medicine
杏吧专区 Dr. Tommy Comeaux/BORSF Memorial Endowed Professorship in Traditional Music V
杏吧专区 Dr. Tommy Comeaux/BORSF Memorial Endowed Professorship in Traditional Music VI
杏吧专区 Dudley Joseph Plaisance Sr./BORSF Endowed Professorship in Health Care Administration
杏吧专区 Dudley Joseph Plaisance Sr./BORSF Endowed Professorship in Nursing
杏吧专区 E.J. Chatelain/BORSF Endowed Professorship in Business Administration
杏吧专区 E.P. Nalley/BORSF Endowed Professorship in Business Administration 2004
杏吧专区 Elias 杏吧专区淏o杏吧专区 Ackal Jr./BORSF Endowed Professorship in Political Science
杏吧专区 Emma Bridges/BORSF Endowed Professorship in Art (curator)
杏吧专区 Endowed Professorship in Foreign Languages
杏吧专区 Harold Calais/BORSF Endowed Professorship in Electrical Engineering
杏吧专区 Jim and Pat Prince/BORSF Endowed Professorship in Accounting II
杏吧专区 Joseph P. Montiel/BORSF Endowed Professorship in English
杏吧专区 Joseph P. Montiel/BORSF Endowed Professorship in Language
杏吧专区 Lafayette General Medical Center/BORSF Endowed Professorship in Nursing
杏吧专区 Lafayette General Medical Center/BORSF Endowed Professorship in Nursing II
杏吧专区 Lionel Billeaud/Genevieve Gidiere Professorship in Music
杏吧专区 Lockheed Martin Corporation/BORSF Endowed Professorship in Computer Science/Computer Engineering IV
杏吧专区 Mr. and Mrs. Tom Galloway/BORSF Endowed Professorship in Business II
杏吧专区 Mr. and Mrs. Tom Galloway/BORSF Endowed Professorship in Communication or Business
杏吧专区 Paul Burdin/BORSF Endowed Professorship in Business Administration I
杏吧专区 Paul Burdin/BORSF Endowed Professorship in Business Administration II
杏吧专区 Paul Burdin/BORSF Endowed Professorship in Business Administration III
杏吧专区 Paul Burdin/BORSF Endowed Professorship in Education
杏吧专区 Philip and Jean Piccione/BORSF Endowed Professorship in Statistics/Business
杏吧专区 The Coca Cola/BORSF Endowed Professorship in Art and Architecture
杏吧专区 The Coca Cola/BORSF Endowed Professorship in Hospitality Management VI
杏吧专区 The Ken Ardoin and Kathleen Babineaux Blanco Professorship in Business Administration
杏吧专区 The Lafayette Coca Cola/BORSF Endowed Professorship in Hospitality Management IV
杏吧专区 The Lafayette Coca Cola/BORSF Endowed Professorship in Hospitality Management V
杏吧专区 The Lafayette Coca Cola/BORSF Endowed Professorship in Marketing
杏吧专区 The Lafayette Coca Cola/BORSF Endowed Professorship in Marketing II.
Last year, the Regents delivered $280,000 in matching funds which helped to establish seven new professorships.