C. D. Spangler Foundation proposes up to 96 Distinguished Professorships
Joni Worthington May 15, 2007
CHAPEL HILL - The C. D. Spangler Foundation has proposed two new challenge-grant programs
that together will make $26.9 million available to support the creation of up to 96
distinguished professorships across the 16 University of North Carolina campuses.
In 2007, the Foundation has committed to provide $6.9 million-the full private funding
required to endow one distinguished professorship on every UNC campus. Beginning in
2008, the Foundation will invest up to $20 million over five years to help each campus
qualify for one additional endowed chair each year-potentially adding 80 more professorships.
UNC President Erskine Bowles announced the initiatives today during the regular May
meeting of the UNC Board of Governors, which unanimously endorsed the grant programs
and enthusiastically applauded the Spangler family's generosity. Both proposals are
contingent on the NC General Assembly providing state matching funds totaling $4.6
million annually through the Distinguished Professors Endowment Trust Fund. Created
by the General Assembly in 1985 to encourage the creation of endowed chairs, the Trust
Fund has to date provided matching funds for 302 professorships across the University.
If all conditions are met, the Spangler Foundation initiative would increase that
number by 32%.
A successful Charlotte businessman and passionate advocate for public education at
all levels, C. D. Spangler, Jr., served with great distinction as UNC President from
1986 to 1997. Previously, he and his family foundation have made donations to endow
or complete 37 distinguished professorships across the University. Commenting on the
Foundation's latest proposals, President /Emeritus/ Spangler observed:
"Good professors are professors who like teaching students and like doing research.
This effort on the part of my family is intended to retain, reward, and recruit good
professors. We hope there will be positive results."
Speaking to the Board of Governors, President Bowles predicted that the initiatives
would have a dramatic, lasting impact on academic quality.
"The Spangler Foundation has offered this University-and this state-a once-in-a-lifetime
opportunity, and I am confident that the General Assembly will help us take full advantage
of the Spangler family's incredible generosity and commitment," said Bowles. "Our
campuses are preparing students to compete in a knowledge-based global economy, and
that means we have an obligation to see that they are taught by world-class faculty.
These two grant programs will allow all 16 of our university campuses to attract and
retain the kind of talent we just can't afford with state funding alone. Importantly,
they will help our campuses attract great faculty in fields where our state has critical
needs and workforce shortages, and they will provide tremendous benefits that have
not been previously available to our nine focused-growth and special-needs institutions."
Contingent on the provision of state matching funds, key elements of the proposals
* Initially in 2007, the Foundation will provide the full private funding required
to establish $500,000 professorships at UNC's seven focused-growth campuses and two
special-needs campuses, and
$1million professorships at the remaining seven campuses.
* The five-year program set to begin in 2008 will make an annual $250,000 challenge
grant available to each campus, with the private matching requirements varying by
type of campus. The focused-growth and special-needs institutions may immediately
qualify for a $500,000 chair with no private fund-raising, or may raise an additional
$250,000 from other private sources to qualify for a $1-million chair. The seven larger
campuses will be required to raise an additional $417,000 from other private sources
to qualify for a $1-million chair.
* All professorships endowed through these two programs must be in
the high-need fields of teacher education, engineering, nursing,
and the traditional arts and sciences.
* No chair shall be named for the Spangler family or any member of
* Under the five-year challenge-grant program, no campus may qualify
for a third endowed chair until all 16 universities have qualified
for at least one chair.
* No Spangler Foundation grant may be used to increase the endowment
of an existing distinguished professorship.
Focused-growth campuses include Elizabeth City State University, Fayetteville State
University, NC A&T State University, NC Central University, UNC Pembroke, Western
Carolina University, and Winston-Salem State University. Special-needs campuses include
the NC School of the Arts and UNC Asheville. Remaining campuses include Appalachian
State University, East Carolina University, NC State University, UNC-Chapel Hill,
UNC Charlotte, UNC Greensboro, and UNC Wilmington.
For more information, contact Joni Worthington at (919) 962-4629 or email@example.com