The College of Engineering encourages gifts to create endowments for student scholarships, graduate fellowships, faculty enrichment and for use by the dean of the College to meet the College's strategic objectives. These gifts are an investment in the future of the College of Engineering, providing enduring support for our students, faculty and programs. Endowment gifts are invested wisely and carefully by the University of Oklahoma Foundation Inc. with only the earnings used to support the designated need.
Undergraduate students are the foundation of the College of Engineering. The strength of our undergraduate programs has long been exemplified by the quality of our students. In order to continue our tradition of attracting the brightest students from Oklahoma, across the United States and internationally, we must provide increased scholarship support through additional named scholarship endowments. Named scholarship endowments may be established with a one-time gift or multi-year commitment of $30,000 for freshman scholarships, $40,000 for upper-class scholarships, and $50,000 for leadership scholarships
A premier graduate program must have superior faculty and an innovative, future-oriented research program. To meet the future needs for faculty, external research, industry and government worldwide, we must be prepared to aggressively compete for the best graduate students from the top schools in our region and across the United States. The availability of financial support is often the deciding factor, and thus it is necessary to provide additional funding through endowed graduate fellowships. Named endowed graduate fellowships may be established with a one-time gift or multi-year commitment $100,000 or more.
FACULTY GROWTH AND DEVELOPMENT
Ensuring a superior faculty represents a significant and ongoing challenge for the College. Our ability to attract and retain a distinguished faculty will continue to require incentives beyond the traditional salary and rank. Endowed faculty positions are the most effective means to attract and retain both senior and promising junior faculty, as they provide funds for salary supplements, professional development and research support. In addition, a faculty of high reputation increases the College's ability to attract private research support. Thus, faculty endowments continue to be a high priority for the College.
In 1988, the Oklahoma Legislature established the Oklahoma State Regents Endowment Program, an innovative way to strengthen the state's colleges and universities by matching private gifts for endowed faculty positions established in academic disciplines that contribute to the cultural, business, scientific or economic development of the state. Income from these endowments can be used to supplement the salary of the faculty member, provide other scholarly expenses related to the faculty member's teaching and research, buy equipment, or fund graduate assistance.
The matching program has helped many donors provide a meaningful legacy to the University of Oklahoma, their favorite programs and to generations of OU students. Since 1989, the university has experienced phenomenal growth in the number of endowed faculty positions, which have been established in 15 different colleges on the Norman, Oklahoma City Health Sciences Center, and Tulsa campuses, and in a variety of innovative interdisciplinary areas.
Chairs are created with an endowment of at least $1 million, which typically involves a private gift and state regents' match of $500,000 each. The state regents' program will match larger private gifts, and a number of the University's most prestigious positions have been endowed at multi-million dollar levels. Endowed chairs enable a college or program to recruit and retain faculty whose national reputations elevate its prominence and whose experience and expertise make an exceptional contribution to its teaching, research and public service. National searches are typically held to fill these positions.
Professorships are endowed with at least $500,000. Typically these professorships are created with $250,000 in private gifts and $250,000 from the state regents' program, but the program will match larger gifts to establish professorships. Professorships enable the university to retain respected and effective faculty members who are making an exceptional contribution to OU's mission of teaching, research and public service. These positions may be filled through national or internal searches