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Loyola uses private and public funds to establish professorships

Loyola press release - November 3, 2008

Higher education in Louisiana received matching funds from the state through a government program designed to help campuses recruit or retain faculty whose research, teaching and/or public service uniquely contribute to the mission of their departments and institutions.

Loyola received $120,000 from the Louisiana Board of Regents Support Fund to match funds already raised for three professorships. The state funds 40 percent of the cost of establishing an endowed post, and private monies cover the rest.

The three professorships established at Loyola are as follows:

· Thomas H. and Catherine B. Kloor Professorship

· Chase Minority Entrepreneurship Distinguished Professorship of Business III

· Donna and John Fraiche Distinguished Professorship in Law

“These professorships are vital to not only the advancement of current faculty, but are instrumental in attracting talented professors to Loyola as well,” said Provost and Vice President for Academic Affairs Edward J. Kvet. “The endowments will support the efforts of the faculty with research and other scholarly activities. It’s an important investment for the future of our students and the University as well.”

The Endowed Professorships Program is designed to help campuses recruit or retain faculty whose research, teaching and/or public service uniquely contribute to the mission of their departments and institutions. Participation in the programs requires a contribution of at least $60,000 from an external source, to be matched with $40,000 from the Support Fund. Each campus is guaranteed at least two professorships per year, providing that the required external contributions are raised and documented.

For more information, contact Anna Bullock at (504) 861-5582 or abullock@loyno.edu.