Millions to Attract Top Profs to Louisiana Universities Unused - Higher Education
Higher Education News and Jobs

Millions to Attract Top Profs to Louisiana Universities Unused

Email





by Associated Press

SHREVEPORT La.—The Louisiana Board of Regents says $113 million donated to bring top professors to state universities is going unused.

The Times reports that money for 76 endowed chairs and 263 endowed professorships has been unused for at least two years.

The chairs are valued at $1 million to $3 million, and the professorships at $10,000 to $30,000 or more.

Deputy commissioner Kerry Davidson says he and the Board of Regents were surprised by the findings, which have prompted new rules. One is that, if a campus has more than 20 percent of its endowments unfilled for two years or more, it cannot qualify for a new chair or professorship.

Davidson said endowed chairs can attract top research professors, and endowed professorships can help keep those already employed.

But it’s not that easy to attract nationally recognized professors to fill chairs, university officials said.

Sometimes the difficulty is the regents’ requirements for national searches for professors who have national recognition and ranking in their fields, said Robert McKinney, University of Louisiana at Lafayette director of the Office of Academic Planning and Faculty Development. Also, a full professorship must either be created or opened by a faculty member’s retirement or departure.

Louisiana can be a hard sell, too.

“With no faculty merit increases, our salaries are not at the national average,” McKinney said. “We’ve had searches for chairs and identified some great candidates” but haven’t been able to finalize the deals because Louisiana salaries can’t compete.

“In the state, we’ve had a 10 percent drop in full-time tenured faculty,” largely because of better salaries in other states, McKinney said. “Professors go from campus to campus.”

Related:  Superior Motives for Giving

UL-Lafayette last year focused on filling its available endowed professorships, primarily from within existing faculty, and this year “we are working on filling both” types of endowments, McKinney said.

RELATED ARTICLES >>
BI News Briefs Hampton Coach's Civil Rights Lawsuit Thrown OutLUBBOCK, Texas — A judge has dismissed a college basketball coach's civil rights lawsuit, ruling she, her husband and an assistant failed to establish that racial bias was a factor in their 1998 arrests....
Scaling the Heights of Architechtural Academe Scaling the Heights of Architechtural AcademeCHICAGO — If you ask most architects to name the 20th century titans in their field, people like Frank Lloyd Wright, Le Corbusier, Ludwig Mies van der Rohe and Frank Gehry will no doubt be on the list. The...
AAU Membership at What Cost? AAU Membership at What Cost?When a university's quest for inclusion in organizations like the American Association of Universities comes at the expense of the recruitment and retention of minority faculty, some question the institution's diversity co...
Business Professors on Wall Street Business Professors  on Wall StreetBy Eric St. JohnNEW YORK — As the world's financial markets continue their rapid roller-coaster ride over the hills of the bulls and through the valleys of the bears, it becomes increasingly important that the natio...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *