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Press Conference to Announce Matching Funds
Submitted: 09/15/09
LSU Shreveport will host a press conference on Monday, September 21, 2009 at 11:00 a.m. to announce the State of Louisiana Board of Regents matching funds in the amount of $240,000 to establish and enhance five professorships at LSUS. The LSUS Foundation and LSUS Alumni Association will also announce the 2009-2010 Annual Campaign. The event will be held on the 3rd floor of the Noel Memorial Library at LSUS.
The following professorships were established at the $100,000 level with the initial investment of $60,000 from each donor and $40,000 in matching funds from the Board of Regents:
· 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
In addition, the Board of Regents awarded matching funds in the amount of $80,000 to enhance the AEP/SWEPCO LaPREP Professorship to the AEP/SWEPCO LaPREP Super Professorship. Dr. Carlos Spaht, director of LaPREP and professor of mathematics at LSU Shreveport serves as the professor recipient for this professorship.
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.
To establish an endowed professorship or first generation scholarship, a university must raise $60,000 in private donations, which the Board of Regents will match with $40,000 for a $100,000 endowed professorship or first generation scholarship. A super professorship is established with a private gift or gifts of $120,000, which the Board of Regents will match with $80,000. The funds are invested and its earned income benefits the recipient of the professorship or scholarship. The principal amount is never distributed. The Board of Regents Endowed Chairs and Professorships Program helps LSUS attract and retain valuable faculty members.