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Endowed professorships and chairs are crucial to the task
of attracting and retaining an exceptional faculty. They are
powerful fuel for the overall mission of the academic medical
center. Such support has the ability to attract renowned teachers
and clinicians and augment the research of a top scientist.
The number of endowed professorships speaks to the financial
strength of an institution. For the department designated
the recipient of such special support, increased prestige and
financial stability are but two of the rewards.
A Special Focus - Preserving Teaching Time for Faculty
Many of our faculty physicians now shoulder increasing
patient care demands as the teaching hospital faces the
financial pressures of managed care, market competition,
and federal Medicare cuts. In fact, the time our clinical
faculty spend on patient care is nearly double that of some of
our peer research-intensive medical schools. Philanthropic
support is crucial to our vision to endow Teaching Professorships
and longer-term Visiting Professorships. Through
these positions, we will reward, protect, and inspire those
who have a passion for communication, the generosity to
share themselves with our students, and the skill to excite
others to go beyond the basics.
Partner in Discovery - Support Biomedical Research
Despite ever greater competition for federal research
dollars, extraordinary science is taking place on the MCV
Campus. An outstanding cadre of physicians and scientists,
along with new faculty recruits to the medical school, are
working together on research studies that have the potential
to demonstrably improve health through advancements in
clinical care.
An endowed Research Chair may be used to attract
new faculty members or to retain and reward individuals
already on the faculty. In addition to recognizing excellence,
these endowed positions carry with them the expectation
of continuing worthy contributions to the faculty member’s
specialty area.
Naming Opportunities
The School of Medicine currently has 75 endowed faculty
positions. These endowments carry the names of some of our
most outstanding alumni, faculty and friends who have led and
benefited from the school’s work.
Donors may endow positions
at the following levels:
| Research Chair Endowment |
$1,500,000 |
| Chair |
$1,000,000 |
| Distinguished Professorship |
$500,000 |
| Teaching Professorship |
$350,000 |
| Professorship |
$250,000 |
Gifts Creating Gifts
Through its eminent scholars program, the Commonwealth of Virginia
has provided universities additional incentive to create endowed
professorships. Each biennium, the Commonwealth budgets dollars
to award to institutions that established endowed professorships.
These state dollars match a percentage of the interest earned by
such endowments, thus multiplying the value of a donor's gift.
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