Process and Procedures for Privately Funded Academic Positions | KCTCS

 

 

 

Administrative Policies

Process and Procedures for Privately Funded Academic Positions

Policy Number: 7.5.1

Current Effective Date: 09/23/2005

Original Effective Date: 04/30/1999

Revision Dates: 09/23/2005

Revision Number: 1

Revision Summary:

Responsible Official: Vice President, Institutional Advancement

References:

  1. Subject to the approval of the KCTCS President and the Board of Regents, academic positions supported with private funds will be established in the academic area of the donor's choice and will bear the donor's name or a name of the donor's selection.

  2. Appointments to all academic positions funded fully or in part from private gifts will be made in accordance with KCTCS provisions concerning academic employment.

  3. Negotiations or commitments to fill an academic position supported by private gifts will not be undertaken by any faculty member or officer of the college until a proposal for these has been approved by the KCTCS Chancellor.

  4. Endowed funds to support academic positions shall be invested in accordance with policies and procedures established by KCTCS for the investment and income distribution of endowed funds.

  5. Three categories of privately-funded academic positions will be established: chair, professorship, and lectureship.
    1. An Endowed Chair may be established with a minimum endowed gift of $500,000 in accordance with agreements recommended by the KCTCS President and approved by the KCTCS Board of Regents. Income from the endowed fund shall be used to supplement the salary of the holder of the chair at a level commensurate with the individual record, experience, and position of the faculty. Income from the gift may also be used for other professional support of the holder of the chair.

    2. An Endowed Professorship may be established with a minimum endowed gift of $100,000 or the equivalent in annual contributions arranged according to agreements recommended by the KCTCS President and approved by the KCTCS Board of Regents. Income from the gift shall be used to supplement the salary of the holder of the professorship at a level commensurate with the individual record, experience, and position in the faculty. Income from the gift may also be used for other professional support of the holder of the professorship.

    3. A Lectureship may be established with a contribution in the range of $10,000 to $100,000. The lectureship will be considered a temporary appointment, usually given to a visiting scholar during temporary residence at a college. Unless the funds are endowed to supplement college funds for lectureships, the non-endowed contribution should be sufficient to fully support the remuneration of the lecturer during his/her term of residence. Other accoutrements may be provided for the visiting scholar through regular budgetary procedures, but no visiting scholar will be remunerated from two or more endowments or gift accounts.