CONTACT: STEVE SANDERS
Vice President, Development Programs
500 Levitt Center for University Advancement
Iowa City IA 52242
Phone: (319) 335-3305 or (800) 648-6973
Release: Oct. 10, 2002
UI Honors Contributors And Recipients Of Endowed Faculty Positions
Increasing the number of endowed faculty positions funded by private gifts
is crucial to the University of Iowa's ability to continually improve teaching,
research and service to the state, speakers told a gathering of nearly 200
UI contributors and faculty recently.
UI officials and other speakers at the inaugural Named Deanships, Chairs
and Professorships Recognition Luncheon, held in the Levitt Center for University
Advancement, stressed that increasing the level of private, endowed faculty
support is essential if the UI is to achieve its strategic objectives.
Shrinking state and university budgets have contributed to growing concerns
in the UI community about faculty "brain drain" at one of Iowa's
outstanding state institutions. According to UI Provost Jon Whitmore, the
University of Iowa has lost more than $45 million from its general-education
operating budget over the last two years in response to an eight percent reduction
in state appropriations. These reductions forced the UI to eliminate 100 faculty
positions in 2001-2002.
Establishing endowed faculty positions -- in the form of deanships, chairs
and professorships -- is one key to combating such cuts, the UI speakers suggested.
"Academic excellence is our overarching goal, and collective excellence
depends on individual excellence," said UI Interim President Willard
L. Boyd during his opening remarks. "These endowed positions help assure
the greatness of our university in the future."
The event recognized not only the contributors who established named faculty
funds, but also many of the distinguished faculty members who hold these positions.
Nancy Hauserman, a 1976 graduate of the Iowa Law School who is associate
dean of the undergraduate program at the Henry B. Tippie College of Business,
was one of the luncheon's speakers. Hauserman holds the Williams Teaching
Professorship. She said in her address that endowed positions were "gold
stars" of recognition for faculty members who will go on to make a difference
in countless students' lives.
"When donors create these positions, they're not just creating one
gold star," Hauserman said. "They're creating a constellation of
gold stars: our students."
The UI's first endowed faculty positions were established in 1971 by Roy
J. and Lucille A. Carver of Muscatine, Iowa, who included endowments for distinguished
professors in their philanthropic plans. Today, the UI has 252 named faculty
positions and seeks to create at least 100 before the end of its $850 million
fund-raising campaign in 2005. Since the campaign began, 66 have been created.
Ross D. Christensen -- an Iowa graduate who is an orthodontist in Waterloo,
Iowa and a UI contributor of a named professorship -- also spoke at the luncheon.
"It is the donor who gains the most from making gifts like this,"
Christensen said. "It gives us the privilege of knowing that we graduated
from a great university and knowing that we have played a small part in upholding
A named deanship requires an endowment of $2 million or more. This position
provides flexible resources for a dean to meet special needs in his or her
A named chair is the highest honor the university can bestow on a faculty
member and requires an endowment of $1.5 million or more.
A named professorship -- which recognizes a distinguished faculty member
and provides an annual amount in partial support of salary or teaching, research
and scholarship expenses -- requires an endowment of $500,000 or more.
The UI Foundation is acknowledged by the UI as a preferred channel for private
contributions that benefit all areas of the university. UI Foundation staff
work with alumni and friends to generate funds for scholarships, professorships,
facilities improvements, equipment purchases, research and other UI initiatives.
For more information about the UI Foundation, visit its web site at www.uiowafoundation.org.