Professorships and Eminent Scholar Chairs
Establishing endowed professorships and eminent scholar chairs at Louisiana Tech is an opportunity to take advantage of state matching funds and assist Tech in meeting a critical need - attracting and retaining outstanding faculty. The Louisiana Education Quality Support Fund, established by the State of Louisiana, will match a gift of $60,000 with state funds of $40,000 to create a $100,000 professorship. Similarly, the state will match a gift of $600,000 with $400,000 to create a $1,000,000 eminent scholar chair.
The income from the endowed professorship is used to supplement faculty salaries and to provide faculty support such as equipment and supplies needed for research. The income from the eminent scholar chair actually supports a faculty member's salary, providing much-needed enhancement for the academic areas of the university and allowing the university to remain on the cutting edge of excellence in academics.
The donors of these endowments have the ability to name the professorships and chairs and may designate their use as specifically as is practical within the university. For example, the donor may wish to designate a professorship for the College of Engineering and Science, or the donor may designate a professorship for the Department of Mechanical Engineering within the College of Engineering and Science. Because of possible departmental and organizational changes, it is recommended that the donor consult with the dean of the chosen college before designating.
The professorships and eminent scholar chairs are professionally managed according to the guidelines set forth by the University of Louisiana System's Board of Regents. The principal of the endowment is never invaded, and an amount is reinvested each year to provide growth for the endowments as a hedge against inflation.
A pledge of a professorship or eminent scholar chair may be made through the Louisiana Tech University Foundation. The amount needed to establish a professorship or eminent scholar chair may be reached over several years. Donors can also use corporate matching gift, if available, to establish the endowment and further leverage the value of their gift.
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Cash, Securities and Stock Transfers
Endowed Professorships and Chairs
Corporate Matching Funds
State Matching Funds