 | Board of Visitors minutes April 8, 1994 |  |
APPENDIX A
1. Establish three new levels for chairs: $2,000,000 for privately funded new position - includes base salary and supplement; $1,000,000 for a chair to anchor a department or teaching area - includes salary supplement plus discretionary funds; $500,000 for a typical Eminent Scholars Chair as well as a Research Professorship - includes salary supplement.
2. In terms of visiting professorships, either the $1,000,000 or $500,000 level could be designated as a visiting professorship as agreed to by donor and recipient area.
3. For Curry, Nursing and Architecture a designated number of chairs could be established at the $250,000 level (essentially half of the new $500,000 level) for the duration of our comprehensive campaign or until the designated number are committed - whichever comes first. Going forward from either of these two events, current chair levels will prevail universally.
4. For Law and Darden, a designated number of currently marketed research professorships may be maintained at $250,000 until 12 months following the official kickoff of the campaign. Once the designated number of research professorships are committed or the time period elapses, whichever comes first, the new level for research professorships will prevail.
5. A new minimum level of $100,000 to name either a graduate fellowship or undergraduate scholarship is recommended. A minimum of $25,000 permits a donor to become a "partner" with other donors in providing financial assistance to undergraduate and graduate students.
6. Minimum levels for lectureships, prize/awards, and memorial/commemoratives were raised to $50,000.
7. A new category of unrestricted endowment would require a minimum of $100,000 to name.
8. A policy for naming centers, institutes, departments or programs is articulated, and is parallel to the policy for naming facilities.
| Board of Visitors minutes April 8, 1994 | |