Financial endowment Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Endowed professorships=== An endowed [[professor]]ship (or '''endowed chair''') is a position permanently paid for with the revenue from an endowment fund specifically set up for that purpose. To set up an endowed chair generally costs between US$1 and $5 million at major research universities.<ref>{{Cite web |title= UCLA Endowment Minimums |url=https://www.uclafoundation.org/resources.aspx?content=endowment |access-date=2023-03-03 |website=UCLA Foundation |url-status=dead |archive-url= https://web.archive.org/web/20230326000448/https://www.uclafoundation.org/resources.aspx?content=endowment |archive-date= Mar 26, 2023 }}</ref> Typically, the position is designated to be in a certain department. The donor might be allowed to name the position. Endowed professorships aid the university by providing a faculty member who does not have to be paid entirely out of the operating budget, allowing the university to either reduce its student-to-faculty ratio, a statistic used for [[College and university rankings|college rankings]] and other institutional evaluations, or direct money that would otherwise have been spent on salaries toward other university needs. In addition, holding such a professorship is considered to be an honour in the academic world, and the university can use them to reward its best faculty or to recruit top professors from other institutions.<ref name="Cornell">{{Cite web |last=Miller |first=Paul |title=Teacher, Scholar, Mentor, Friend |url=http://celebrate.cornell.edu/learn/mentor4.html |url-status=dead |archive-url=https://web.archive.org/web/20050501174505/http://www.celebrate.cornell.edu/learn/mentor.html |archive-date=May 1, 2005 |website=Celebrate Cornell Faculty}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page