The state Board of Regents presented $1,840,000 in matching funds to the 小蝌蚪APP 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小蝌蚪APP Endowed Chair and Eminent Scholars and Endowed Professorships program.
小蝌蚪APP These funds come during a critical time in higher education,小蝌蚪APP said Ray Authement, UL Lafayette president. 小蝌蚪APP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.小蝌蚪APP
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小蝌蚪APP $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.
小蝌蚪APP This is a banner year for the Regents小蝌蚪APP Endowed Chairs and Professorships Program,小蝌蚪APP said Commissioner of Higher Education Joseph Savoie. 小蝌蚪APP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.
小蝌蚪APP Coupled with the regular distribution from the Support Fund, this is one of the best years ever for the program,小蝌蚪APP he continued. 小蝌蚪APP淭hat小蝌蚪APP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.小蝌蚪APP
UL Lafayette endowments which were matched include:
小蝌蚪APP Moody Company/Board of Regents Support Fund Eminent Scholar Endowed Chair in Regional Business Development
小蝌蚪APP Acadiana Bottling/BORSF Endowed Professorship in Marketing II
小蝌蚪APP Atmos Energy/BORSF Endowed Professorship in Business Administration
小蝌蚪APP BORSF Endowed Professorship in Water Studies
小蝌蚪APP Dr. and Mrs. Sammie W. Cosper/BORSF Endowed Professorship in Physics
小蝌蚪APP Dr. Glynn Granger/BORSF Endowed Professorship in Pre-Medicine
小蝌蚪APP Dr. Tommy Comeaux/BORSF Memorial Endowed Professorship in Traditional Music V
小蝌蚪APP Dr. Tommy Comeaux/BORSF Memorial Endowed Professorship in Traditional Music VI
小蝌蚪APP Dudley Joseph Plaisance Sr./BORSF Endowed Professorship in Health Care Administration
小蝌蚪APP Dudley Joseph Plaisance Sr./BORSF Endowed Professorship in Nursing
小蝌蚪APP E.J. Chatelain/BORSF Endowed Professorship in Business Administration
小蝌蚪APP E.P. Nalley/BORSF Endowed Professorship in Business Administration 2004
小蝌蚪APP Elias 小蝌蚪APP淏o小蝌蚪APP Ackal Jr./BORSF Endowed Professorship in Political Science
小蝌蚪APP Emma Bridges/BORSF Endowed Professorship in Art (curator)
小蝌蚪APP Endowed Professorship in Foreign Languages
小蝌蚪APP Harold Calais/BORSF Endowed Professorship in Electrical Engineering
小蝌蚪APP Jim and Pat Prince/BORSF Endowed Professorship in Accounting II
小蝌蚪APP Joseph P. Montiel/BORSF Endowed Professorship in English
小蝌蚪APP Joseph P. Montiel/BORSF Endowed Professorship in Language
小蝌蚪APP Lafayette General Medical Center/BORSF Endowed Professorship in Nursing
小蝌蚪APP Lafayette General Medical Center/BORSF Endowed Professorship in Nursing II
小蝌蚪APP Lionel Billeaud/Genevieve Gidiere Professorship in Music
小蝌蚪APP Lockheed Martin Corporation/BORSF Endowed Professorship in Computer Science/Computer Engineering IV
小蝌蚪APP Mr. and Mrs. Tom Galloway/BORSF Endowed Professorship in Business II
小蝌蚪APP Mr. and Mrs. Tom Galloway/BORSF Endowed Professorship in Communication or Business
小蝌蚪APP Paul Burdin/BORSF Endowed Professorship in Business Administration I
小蝌蚪APP Paul Burdin/BORSF Endowed Professorship in Business Administration II
小蝌蚪APP Paul Burdin/BORSF Endowed Professorship in Business Administration III
小蝌蚪APP Paul Burdin/BORSF Endowed Professorship in Education
小蝌蚪APP Philip and Jean Piccione/BORSF Endowed Professorship in Statistics/Business
小蝌蚪APP The Coca Cola/BORSF Endowed Professorship in Art and Architecture
小蝌蚪APP The Coca Cola/BORSF Endowed Professorship in Hospitality Management VI
小蝌蚪APP The Ken Ardoin and Kathleen Babineaux Blanco Professorship in Business Administration
小蝌蚪APP The Lafayette Coca Cola/BORSF Endowed Professorship in Hospitality Management IV
小蝌蚪APP The Lafayette Coca Cola/BORSF Endowed Professorship in Hospitality Management V
小蝌蚪APP The Lafayette Coca Cola/BORSF Endowed Professorship in Marketing
小蝌蚪APP 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.