The faculty at Carolina are at the heart of the University’s great national reputation. They attract the finest undergraduate and graduate students in the country, publish respected books and articles, and attract millions in research grants each year. Their activities in teaching, research and service form the essence of our commitment to excellence coupled with a true sense of community.
As a top university, we are often the target of other schools, as well as government and private sector employers, looking for outstanding faculty and researchers. In 2013-14, for example, 56 of our faculty members were courted with external offers. We made counter offers to 44 of them. We managed to keep 36, often thanks to our counter offers being bolstered by private support.
This success is noteworthy, as it comes against the backdrop of an increasingly competitive market for assistant and associate professors, created by the accelerating retirement of an entire generation of senior faculty.
But other signs raise concerns. To keep our best, we must be able to compete on salary. But according to our data, in 2013-2014 we ranked 34th, 37th and 55th in salary levels for full professor, associate professor and assistant professor, respectively, among top research and AAU institutions. In 2008-2009, those rankings were 25th, 26th and 24th.
Professorships help Carolina recruit and retain outstanding faculty. Income from endowed chairs may be used for salary and/or research support, including course development, research, graduate assistants, equipment and library resources.
The State of North Carolina Distinguished Professorships Matching Program matches private gifts to endow professorships that can be awarded to outstanding faculty members at the full, associate or assistant professor level. All state-matched endowed chairs are established as Distinguished Professorships but with flexibility in the rank of the award recipient. The program provides the following levels of supplemental grants:
Grants of $667,000 to match private gifts of $2,333,000 and up, establishing $3 million endowed professorships.
Grants of $667,000 to match private gifts of $1,333,000 and up, establishing $2 million endowed professorships.
Grants of $500,000 to match private gifts of $1,000,000 and up, establishing $1.5 million endowed professorships.
Grants of $334,000 to match private gifts of $666,000 and up, establishing $1 million endowed professorships.
Grants of $167,000 to match private gifts of $333,000 and up, establishing $500,000 endowed professorships.
All professorships that are partially funded by the State of North Carolina Distinguished Professors Endowment Fund must include “Distinguished” in the title.
Minimums to Establish Professorships at Carolina (with or without a state matching grant)
Eminent Professorships: minimum $3 million
An Eminent Professorship is the only endowed professorship that can create and fully fund a new or existing senior faculty position at Carolina.
Professorships: minimum $500,000; other levels of $1 million, $1.5 million, and $2 million
An endowed Professorship may be awarded to a faculty member at the rank of full professor for the duration of his or her full-time service at Carolina. For a full professor, the recipient of a Distinguished Professorship shall be called “Distinguished Professor.” The Professorship may instead be awarded to an assistant or associate professor for a time-limited, renewable period with a change in the working title of the endowed chair to Distinguished Fellow or Distinguished Scholar, respectively.
Term Professorships: minimum $500,000; other levels of $1 million, $1.5 million, and $2 million
A Term Professorship is typically awarded for a period of three to five years.
Visiting Professorships: minimum $500,000; other levels of $1 million, $1.5 million, and $2 million
A Visiting Professorship is used to attract outstanding scholars to Carolina by invitation from other institutions for a short period of time, typically up to one year.
Ready to Make Your Gift?
Please contact Cynthia Butler, senior associate vice chancellor for University Development, at firstname.lastname@example.org or 919-962-6575 to discuss endowing a professorship.
Please contact Cynthia Butler.