Wednesday, June 24, 2015
Endowed Chairs and Professorship
Endowed Chairs
Nowadays, the expression "endowed chair" is used to mean an academic position supported by the earnings from invested funds. Endowed chairs allow a university to recruit internationally for outstanding teaching and research faculty beyond the funding provided by legislative appropriation.
For example, At Michigan State University, an endowed chair provides salary and fringe benefits for the recipient and such support staff, travel, and other expenses as the endowment may permit in perpetuity. Such independent financing assures both the university and the faculty member of stability and continuity.
The custom of endowing an academic chair originated in 16th-century England with just that—a chair. In those days, commoners sat on stools or wooden benches; the gentry sat on cushions. A chair, complete with arms, legs, and a back, was a valuable piece of furniture and an appropriate reward for a teacher who had reached the rank of professor.
http://cvm.msu.edu/research/endowed-chairs
Endowed Professorships
An endowed professorship is an honor bestowed by a university on a faculty member who has earned great respect in an academic discipline. It also serves as a magnet for talented young faculty members and residents who want to work with the honoree
@so endowed professorship is just honor.Howerver sometimes endowed professors mean they are funded by endowment fund like endowed chair. In this case,endowed chair and professorship are kind of synonymous.
http://cvm.msu.edu/research/endowed-chairs
However, in other cases, endowment professorship is funded by endowment fund but of lessear amount fund. Whereas endowed chair has higher amount of endowed fund.
http://policy.umn.edu/education/endowedchairs
Benefits of endowment chair for university,faculty,study,business organisations
http://www.utdallas.edu/chairs/about/endowed research professor chair
>>
endowed chair and distinguished professorship - a nice presentation slides highlighting the features:
https://medschool.ucsf.edu/sites/medschool.ucsf.edu/files/documents/Endowed%20Chairs%20Orientation.pdf
Nice briefing:
Chaired positions are generally endowed, in that the money provided for the salary, and some other benefits (e.g., a dedicated assistant) or increased research funds comes from the interest on principal donated by the person or people the chair is named after, which is part of the school's overall endowment (UC San Diego has a more broad definition, as does Wikipedia). Being named to a chair is a prestigious award, and in many cases it is a lifetime (or at least, until retirement) position. Some chaired positions are given on a rotating basis (e.g., for five years), but nonetheless it is prestigious to be named to an endowed chair.
While it is not strictly true that professors in chaired positions are paid more (because in most cases pay is negotiable), because universities use a combination of pay and incentives such as an endowed chair to lure highly sought-after candidates, the pay is probably on average higher than the average non-chaired full professor would have at the same institution and department.
Finally, some schools use chairs at the university level (versus the departmental or school level) that they dole out throughout the university. The positions can therefore be used as an enabler for some departments with less money to attract particularly important faculty members that they might not have had an opportunity to attract otherwise.
For a specific example of the policy for endowed chairs at one university (Rensselaer Polytechnic Institute), see here.
http://academia.stackexchange.com/questions/12607/what-is-an-endowed-chair-exactly-how-does-it-compare-to-a-normal-position
Nowadays, the expression "endowed chair" is used to mean an academic position supported by the earnings from invested funds. Endowed chairs allow a university to recruit internationally for outstanding teaching and research faculty beyond the funding provided by legislative appropriation.
For example, At Michigan State University, an endowed chair provides salary and fringe benefits for the recipient and such support staff, travel, and other expenses as the endowment may permit in perpetuity. Such independent financing assures both the university and the faculty member of stability and continuity.
The custom of endowing an academic chair originated in 16th-century England with just that—a chair. In those days, commoners sat on stools or wooden benches; the gentry sat on cushions. A chair, complete with arms, legs, and a back, was a valuable piece of furniture and an appropriate reward for a teacher who had reached the rank of professor.
http://cvm.msu.edu/research/endowed-chairs
Endowed Professorships
An endowed professorship is an honor bestowed by a university on a faculty member who has earned great respect in an academic discipline. It also serves as a magnet for talented young faculty members and residents who want to work with the honoree
@so endowed professorship is just honor.Howerver sometimes endowed professors mean they are funded by endowment fund like endowed chair. In this case,endowed chair and professorship are kind of synonymous.
http://cvm.msu.edu/research/endowed-chairs
However, in other cases, endowment professorship is funded by endowment fund but of lessear amount fund. Whereas endowed chair has higher amount of endowed fund.
http://policy.umn.edu/education/endowedchairs
Benefits of endowment chair for university,faculty,study,business organisations
http://www.utdallas.edu/chairs/about/endowed research professor chair
>>
endowed chair and distinguished professorship - a nice presentation slides highlighting the features:
https://medschool.ucsf.edu/sites/medschool.ucsf.edu/files/documents/Endowed%20Chairs%20Orientation.pdf
Nice briefing:
Chaired positions are generally endowed, in that the money provided for the salary, and some other benefits (e.g., a dedicated assistant) or increased research funds comes from the interest on principal donated by the person or people the chair is named after, which is part of the school's overall endowment (UC San Diego has a more broad definition, as does Wikipedia). Being named to a chair is a prestigious award, and in many cases it is a lifetime (or at least, until retirement) position. Some chaired positions are given on a rotating basis (e.g., for five years), but nonetheless it is prestigious to be named to an endowed chair.
While it is not strictly true that professors in chaired positions are paid more (because in most cases pay is negotiable), because universities use a combination of pay and incentives such as an endowed chair to lure highly sought-after candidates, the pay is probably on average higher than the average non-chaired full professor would have at the same institution and department.
Finally, some schools use chairs at the university level (versus the departmental or school level) that they dole out throughout the university. The positions can therefore be used as an enabler for some departments with less money to attract particularly important faculty members that they might not have had an opportunity to attract otherwise.
For a specific example of the policy for endowed chairs at one university (Rensselaer Polytechnic Institute), see here.
http://academia.stackexchange.com/questions/12607/what-is-an-endowed-chair-exactly-how-does-it-compare-to-a-normal-position
# posted by Abu Rashid @ 10:52 AM 
