Penn State - Human Resources
POLICY'S INITIAL DATE: October 1, 1974
THIS VERSION EFFECTIVE: July 27, 2006
To outline the University's policy on University endowed fellowships.
The designated title is ( name of holder ); Professor, Associate Professor, or Assistant Professor of ( name field ); Librarian, Associate Librarian or Assistant Librarian; Senior Scientist, Senior Research Associate, or Research Associate; and ( name of benefactor ), University Endowed Fellow.
To provide supplementary funds to outstanding members of the University faculty to assist the holder in continuing and furthering the scholar's contributions in teaching, research, and public service. The monies provided will be used for such support purposes as graduate assistant stipends, secretarial help, travel expenses, etc. The Department concerned will continue to provide a suitable salary for the individual honored.
The holder shall be a full-time member of the University faculty with the academic rank of professor, associate professor, or assistant professor; senior scientist, senior research associate, or research associate, librarian, associate librarian, or assistant librarian. The term of the appointment shall be determined by the Executive Vice President and Provost of the University upon recommendation of the dean of the appropriate college, consistent with the conditions of the grant.
Appointments will be made by the Executive Vice President and Provost of the University upon recommendation of the dean of the appropriate college.
Funds will be provided by gifts or designated University funds appropriate for this purpose. To establish a fellowship, an endowment of not less than $250,000 is required.
In certain cases, the agreement reached with a major donor regarding the support of a University endowed fellowship may specify that the University will not receive the endowment funding for several years. So that the donor may begin seeing the results of the gift at an earlier time, consideration will be given to the possibility of immediately activating the fellowship.
Proposals for the early establishment of endowed fellowships will be reviewed and approved by the Executive Vice President and Provost of the University. The following general guidelines will apply:
An individual eligible for emeritus rank holding a University-Named Title will continue such title designation.
Other Policies in this manual may also apply, especially;
FN03 - Substantiation, Disclosure, and Accountability for the Receipt of Contributions from Non-Governmental Sources, and the related Guideline,
FNG01 - Flow and Accountability of Gifts and Grants from Non-Governmental Sources.
(Revised endowment minimum)