AC93 University-Named Dean's Chairs (Formerly HR93)

POLICY'S INITIAL DATE: January 17, 1997

THIS VERSION EFFECTIVE: July 27, 2006

PURPOSE:

To outline the University's policy on University-named dean's chairs.

DESIGNATED TITLE:

The designated title is ____(name of benefactor)___, University Dean of ________(college/academic unit)_____.

PURPOSE OF APPOINTMENT:

To supplement University support for outstanding University faculty in order to provide a holder of the deanship with the resources necessary to continue and further the scholar's contributions to teaching, research, and public service. The support monies will be used for such purposes as salary supplementation, graduate assistant stipends, secretarial assistance, and travel expenses, etc. By supporting the establishment of a University-named deanship, the benefactor directs attention to a continuing commitment to support scholarship within the University.

RESPONSIBILITY FOR APPOINTMENT:

Appointments will be made by the President of the University, subject to the approval by the Board of Trustees.

SOURCE OF FUNDS:

Funds for a University-named deanship are provided by gifts or designated University funds appropriated for this purpose. To establish such a position, an endowment of not less than $5,000,000 is required and the income therefrom, to the extent necessary, shall be used to maintain the deanship in perpetuity. Alternatively, a University deanship may be established for a fixed period of time by an expendable grant of not less than 5 percent of the minimum required endowment per year for a minimum of 5 years.

EARLY ACTIVATION:

In certain cases, the agreement reached with a major donor regarding the support of a University-named deanship may specify that the University will not receive the endowment funding for several years. So that the donor may begin seeing the results of the gift at an earlier time, consideration will be given to the possibility of immediately activating the deanship.

Proposals for the early establishment of University-named deanships will be reviewed and approved by the Executive Vice President and Provost of the University. The following general guidelines will apply:

1. The agreement reached with the donor must be of an irrevocable nature -- charitable remainder trust, charitable gift annuity, estate note, etc.
   
    
2. In cases where approval has been received, the donor must commit through a multi-year pledge of 5 percent of the minimum required endowment per year until the endowment income becomes available. A term of at least five years is preferred.
   
    
3. Activation of a deanship annual gifts will require that all parties be informed that funding of the deanship will continue as long as resources are available.

TITLE CONTINUATION INTO EMERITUS RANK:

An individual eligible for emeritus rank holding a University-Named Title will continue such title designation.