Related Link: http://www.music.indiana.edu/som/scholarship/starch.htm
Like a healthy child, Indiana University's Faculty Endowment Income Matching Program continues to grow. Established in 1995, the program has added 40 new faculty positions. There are 26 new chairs, 13 new professorships and the university's first curatorship at the Art Museum.
Curt Simic, president of the IU Foundation, recently told university administrators that he hopes eventually to add a total of 100 new faculty positions.
In August 1995, the Trustees of IU authorized the establishment of the program "to match the endowment earnings generated by endowment gifts provided through the generosity of donors." Four months later, in December, the program was established for a two-year period at a funding level of a million dollars, half of which would come from the president's office and the other half from the campus and/or academic unit benefiting.
In the first year, new endowments more than doubled the number of such endowments created in the first 175 years of the university's history. In January, the trustees authorized an additional $3 million, and extended the time period to the end of 1999.
At that time, 35 endowed professorships and chairs had been established under the matching program. Since then the number has grown to 40.
Related Link:
http://www.music.indiana.edu/som/scholarship/starch.htm
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