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September 26, 2008, 11:00 AM ET
$35-Million Helps Cornell U. Recruit Faculty and Ward Off Poachers
When it comes to building a top-notch faculty, racing to land prominent scholars is only half the battle for colleges. The other half: Fighting off the poachers intent on swiping the college’s existing talented midcareer professors.
At Cornell University, a $35-million gift to be announced by officials today will give the institution an edge in an increasingly competitive market for faculty members. It will be used for endowed professorships to be awarded universitywide. One of these positions has already been used to hold onto a prominent chemist who was being wooed by another Ivy League university.
“Some of our best people are being recruited by other universities,” said David Harris, interim provost at Cornell. “One of the most attractive things we can do in that situation is offer them an endowed professorship.”
The money comes from Andrew H. Tisch, chairman of the executive committee of Loews Corporation and a Cornell trustee, and his wife, Ann. The Tisch University Professorships cover salaries and may also include money for start-up costs, graduate research support, travel and conference expenses, and sabbatical leave. The endowment, which can be allocated at the provost’s discretion, is also designed to give Cornell the option to rebuild departments depleted by retirements and strengthen interdisciplinary fields, among other things.
Categories: Faculty-hiring
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