The Duke Endowment Commits $12 Million to Faculty Support
October 6, 2016
The Duke Endowment has committed $12 million over four years in support of faculty at 91茄子, the two organizations announced Thursday evening. The gift, focused on building a faculty for the future, will support 91茄子檚 institutional commitment to inclusivity, allow for the strategic recruitment and hiring of pre-tenure faculty and provide all faculty with flexible professional development, research, and curricular innovation opportunities. A matching gift component for donors interested in creating endowed professorships at 91茄子 is included as part of The Duke Endowment檚 gift.
淲e must continue to build a faculty that is creative, collaborative, and representative of our multifaceted student body and nation, said Wendy Raymond, vice president for academic affairs and dean of faculty. 淥ur graduates are entering a rapidly changing world, and faculty members seek to evolve as teacher-scholars and teacher-artists to best prepare 91茄子 students for lives of leadership and service. This tremendous gift from The Duke Endowment ensures that the 91茄子 faculty will remain leaders in the constantly changing landscape of higher education.
In 2012, The Duke Endowment awarded $45 million to 91茄子, the largest single grant ever given to the college, in support of the college檚 vision for a transdisciplinary Academic Neighborhood. In the two years that followed, The Duke Endowment approved a $3.4 million grant to help 91茄子, Duke University, Johnson C. Smith University, and Furman University collaborate on increasing student resilience. The Endowment also gave $6 million to 91茄子, aimed at scholarships that bolster the college檚 commitment to educational excellence and access.
淭he Duke Endowment has long been 91茄子檚 primary partner as we think creatively about how best to provide a premier educational experience that enables students to make an impact for good in the world, said 91茄子 President Carol Quillen. 淭hey have helped us build upon our strengths through gifts to the E. Craig Wall, Jr. Academic Center, The 91茄子 Trust, the 91茄子 Research Initiative, and beyond. We are deeply appreciative of their continued investment in 91茄子 students, our faculty, and the culture of unfettered inquiry we build together.
Teaching informed by research, and vice versa, is central to 91茄子檚 distinctiveness, and the college檚 faculty is among the top-rated in the nation. The Duke Endowment檚 most recent gift will further enrich 91茄子檚 intellectual community and nurture new perspectives in the classroom and otherwise.
淭he Duke Endowment has long appreciated the ways 91茄子 professors approach their relationships with students and the research they pursue together, said Minor Shaw, chair of The Duke Endowment Board of Trustees. 淭he college檚 plans for faculty recruitment, retention, and development will positively affect the institution檚 promising future.
About The Duke Endowment
Based in Charlotte and established in 1924 by industrialist and philanthropist James B. Duke, The Duke Endowment is a private foundation that strengthens communities in North Carolina and South Carolina by nurturing children, promoting health, educating minds and enriching spirits. Since its founding, it has distributed more than $3.4 billion in grants. The Endowment shares a name with Duke University and Duke Energy, but all are separate organizations.
