LSU-Shreveport will host a press conference 11 a.m. Monday to announced $240,000 in matching funds from the LA Board of Regents for existing professorships.
Professorships? For the average joe, a professorship is how programs and positions are sometimes funded. The money from a professorship is used to add to a professor's salary. That allows schools like LSUS to stay competitive and attract academians. A college or university, especially if they are a four year or research insitution lives or dies by its faculty.
The Board of Regents have a 60/40 program (there is a proper name for it but those in higher ed circles know it by 60/40) A school raises $60,000 in private donations and the Regents will match it with $40,000. That $100,000 creates a professorship. The same goes for $600,000. They'll match it with $400,000.That $1 million will create a chair.
Three professorships will be effected by this:
• Pete and Linda Ballard Endowed Professorship in Accounting
Professor recipient: Dr. Carl Smolinski, associate professor of accounting
• Hubert and Patricia Hervey Endowed Professorship for the Museum of Life Sciences
Professor recipient: Dr. James L. Ingold, professor of biological sciences
• Miriam M. Sklar Endowed Professorship for Theoretical Math and Physics
Professor recipient: Dr. Richard Mabry, professor of mathematics
Some of the money will also go the AEP/SWEPCO LaPREP Super Professorship. That program is a college-prep program for middle school kids and has been around more than 17 years. The brain child of . Carlos Spaht, director of LaPREP and professor of mathematics at LSU Shreveport, money the typically supported this program was vetoed by the Gov. Jindal in the summer.
What about the rest of the money? From the press release:
Finally, the Board of Regents awarded $40,000 in matching funds to establish the Dalton J. and Sugar Woods Endowed Scholarship for First Generation College Students at LSUS. This endowment was established by Michael and Tracie Woods.
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