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Endowed chair


An endowed chair honors and recognizes the distinction of outstanding faculty while providing invaluable support above and beyond salary, for use in research, teaching or service activities. It can be a powerful recruitment / retention tool for faculty. It is established with a sizeable gift to an academic area designated by the donor, that is invested in an interest-bearing fund for which the principal remains intact and the interest provides a perpetual source of annual income. These endowments may be used to attract faculty members to a campus, or to retain faculty members who are being recruited by other institutions. The chair holder typically submits annual narratives of the past year’s activities and the use of the endowment funds to the department chair or research head. It is forwarded to campus administration for inclusion in an annual report to donors.