RELEASE Tuesday, August 15, 2000
Contact: Lynn Stewart,
Centenary News Service, 318-869-5120,
or John Kemp, Louisiana
Board of Regents, 504-342-4253
of Regents Announces Completion of Funding for Two $100,000 Endowed Professorships
at Centenary College
SHREVEPORT, LA -- Members
of the Centenary College community gathered today (Tuesday, Aug. 15) to
hear Dr. Joseph Savoie, Louisiana commissioner of higher education, announce
the completion of $200,000 in funding for two new endowed professorships
for the college.
The event marked the
completion of a local and state funding effort which matches $40,000 from
the Board of Regents Support Fund with $60,000 raised by Centenary for
each endowed professorship.
Kenneth L. Schwab announced that the monies provided will partially support
the Centenary Leadership Institute (CLI) program and fund CLI Faculty Fellows.
"The Faculty Fellows will incorporate leadership theory into the courses
they teach, supervise leadership internships and service-learning programs,
identify and bring successful leaders to campus, and teach in leadership
workshops," he said.
The Faculty Fellows
will receive released time, stipends and mini-grants, and will supervise
and participate in leadership team projects, organize and conduct field
trips, and supervise students interested in presenting papers on leadership
at conferences, he said.
The professors will
be chosen based on their own successful leadership demonstrated on campus
and off, Dr. Schwab said, and they will represent varied disciplines in
the humanities, social sciences and natural sciences.
"Each of these endowments
helps to support a gifted faculty member and gives our students the highest
quality instruction," Schwab said.
Participants in Tuesday's
presentation also included members of the Board of Regents, the area Legislative
delegation, and representatives of the Centenary administration, faculty,
staff and student body.
The newest professorships
bring to five the number of Leadership Professorships at Centenary.
The first two were awarded in 1998. The third, awarded last year,
is the Wiener, Weiss and Madison--Centenary Leadership Endowed Professorship,
named in honor of the Shreveport law firm.
Schwab praised Gov.
Mike Foster, the Louisiana Legislature, the Board of Regents and the Louisiana
Association of Independent Colleges and Universities for making higher
education a priority. "Support of higher education in Louisiana is critical
to our state's success in the future as we all work to provide the best
resources available to our students," he said.
The endowed professorship
program is part of the Regents' innovative Support Fund, which began as
a permanent trust fund approved by the voters of Louisiana in a 1986 constitutional
amendment. By 2000, the trust fund had risen to over $896 million. The
funds were part of a settlement between the state and federal governments
over offshore oil and gas revenue.
Each year the Legislature
appropriates half the interest from the fund to the Board of Regents, the
policy-making and coordinating agency for all higher education in Louisiana.
The other half goes to the Board of Elementary and Secondary Education
for grades K-12.
Centenary now has a
total of 30 professorships endowed at $100,000 each, nine Eminent Scholars
chairs endowed at $1 million each, and one Eminent Scholars Chair endowed
with $2 million, for a total of $13.8 million in conjunction with the Regents
Support Fund. The endowments were made possible through the generosity
of college donors, whose funds were matched 60:40 by the Board of Regents
Another eight endowed
chairs at the College were funded prior to the beginning of the Support
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