The Need for Private Support
Private support is essential for us to sustain the progress we have
made over the past 40 years and for us to achieve the goals we
have set for the future of the department.
We have two critical needs: maintain competitive faculty compensaton and
student stipends, and increase flexible support for high risk/high reward
research. In the past decade, we’ve lost ground in these areas when compared
to peer institutions. Supplementary funding through faculty endowments
and graduate student fellowships has become required for us to maintain
parity with the departments with whom we compete for the best talent. We
must increase the number and size of the faculty endowments for recruitment
and retention and to support the growth in the number of the faculty. We
must also increase the number and size of student endowments to attract
the very best students to our department. Flexible, discretionary support for
research is equally important for faculty recruitment and retention. However,
more importantly, it also encourages faculty and their graduate students to be
creative in exploring the frontiers of chemistry and biochemistry. Preliminary
investigations into new areas of science often produce results that lead to
significant external funding, greatly leveraging private investments.
In these pages we are delineating our most pressing needs for private support.
These include:
• The Larry R. Faulkner Departmental Chair for Excellence in Chemistry and
Biochemistry, which will provide discretionary funds to the Department
Chair to address needs for which other funds are not available or for which
the time to respond is unacceptably long (see page 18).
• Endowed Chairs, to provide salary supplements and discretionary research
support to the most distinguished senior scholars in the department.
• Endowed Professorships, to provide salary supplements and discretionary
research support primarily to retain faculty members being recruited by
other universities, but also to support established senior scholars.
• Endowed Graduate Fellowships, to supplement stipends for the very best
graduate students to match or exceed the very best offers in the nation.
• Endowed Scholarships, to enable the very best undergraduate students in
chemistry and biochemistry to pursue their education without needing
part time jobs or incurring significant debt.
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