College to Ask Miss. Lawmakers for Endowed Faculty Posts
JACKSON, Miss.
Higher education officials hope to get about $3 million to match privately raised money for endowed faculty positions at the state’s eight universities.
Higher education commissioner Tom Meredith said the program would be similar to those in about two dozen states. He said the proposal calls for the state to give $1 for every $1 pledged to a respective university to create endowed positions.
“The programs in other states — the talent this allows them to bring in usually reaps benefits far greater than the investment,” Meredith said.
A university needs about $100,000 to establish an endowed faculty position. It would need $500,000 for an endowed professorship.
“It’s a great investment,” Meredith said.
