| Regents approve $10-million fund to help UT System emerging research institutions |
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| Written by Joan Khalaf, The Shorthorn senior staff | ||||
| Tuesday, 13 October 2009 07:13 PM | ||||
Information• Gifts of $500,000 to $999,999 from a single source will be matched at 10 percent• Gifts of $1 million to $2,999,999 from a single source will be matched at 20 percent • Gifts of $3 million to $4,999,999 from a single source will be matched at 30 percent • Gifts of $5 million or greater from a single source will be matched at 50 percent Source: UT System external relations The UT System Research Incentive Program matches private gifts dedicated to four institutions — UTA, UT Dallas, UT El Paso and UT San Antonio — for research and faculty recruitment. Both are essentials for becoming a top research institution, or gaining national research institution prominence, commonly called Tier One status. University spokesperson Kristin Sullivan said UTA is grateful for the regents’ decision. “This requires action on our part,” she said. “I think what they’re saying is ‘Here’s a challenge to you. You better believe we’re doing everything we can to help the emerging research institutions.’ ” Only gifts from single sources will be matched with $500,000 to $999,999 at 10 percent; $1 million to $2,999,999 at 20 percent; $3 million to $4,999,999 at 30 percent; and $5 million or greater at 50 percent. The program is funded through the Permanent University Fund, which was established in 1876 by the state to give money to some universities. Sullivan said the university received large donations in the past, but isn’t sure any would have qualified for the program. Administrators are evaluating how to take advantage of the fund. Sullivan said the university’s 40-member Development Board, which added 17 new members last month, plays into the university’s ability to raise private gifts. The board includes, among other local and national members, retired Gen. Tommy Franks and actor Lou Diamond Phillips. The board’s purpose is to foster relationships that will help the university gain donors, Development Vice President Jim Lewis said in a previous interview. The program also complements the main goal of advancing the system’s schools, Chancellor Francisco Cigarroa said in a system press release. “This new program gives us an exceptional opportunity to leverage state support and hasten profound change at our emerging institutions, putting them in the coveted position of being among the most competitive universities in the country,” he said. The state’s other emerging research institutions, as well as the UT System’s, are eligible for the Texas Research Incentive Program fund, which also matches certain private donations specified for research. The Regents were unavailable for comment. Views: 294 | E-mail
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| Last Updated ( Wednesday, 27 January 2010 03:35 PM ) | ||||
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