The purpose of this policy is to describe the process for establishing and renewing Named Chairs and Professorships (Chairs/Professorships) in the School of Medicine and Public Health. This policy will address funding levels, the use of the funds, the timing of establishing the Named Chair and Professorship and the availability of funds and the length of the Chair/Professorship.
This policy conforms to the UW-Madison Naming Opportunities Guidelines guidelines developed by the University of Wisconsin Foundation and Alumni Association (UWFAA) and the University of Wisconsin-Madison.
|Professorship or Directorship
Any Chairs/Professorships established in the School of Medicine and Public Health will conform to the funding levels in the then current campus guidelines. Each funding level has a title, endowment level and annual funding amount.
The Endowment Level and Annual Funding Level are alternatives based on the specifics of the funding. If a fully-funded endowment is established, the Endowment Level amounts apply. If the funding is provided annually without a permanent endowment, the Annual Funding Levels apply.
Chairs/Professorships established prior to this policy will remain at the title originally established regardless of the current required funding levels.
Chairs/Professorships in the School of Medicine and Public Health will, as SMPH policy, comply with the campus guidelines that a minimum of 50% of the annual distributions be used to support the base salary and fringe benefits of the recipient. Exceptions to this SMPH policy will be allowed based on donor instructions. Unless precisely specified, recipients will not receive additional compensation as a result of being named. The funding will be used to offset existing salary and fringe benefits. The remaining distributions will be available to the recipient as flexible funds for research program support, travel, books, journals and supplies, and for other expenses and services that further the scholarly activities of the recipient, following normal UW-Madison expenditure practices.
The general rule for the establishment of the Chair/Professorship and naming of a recipient is when the following requirements have been satisfied: 1) there is a firm commitment to complete the funding within 5 years (or less); and 2) 50% of the total commitment has been received (unless the donor requests 100% funding be received). SMPH recognizes that Chairs/Professorships may be funded by donors over a period of time, for example $200,000 per year for 5 years to achieve $1,000,000 in funding. Another example would be partial cash funding with the balance as part of an estate. With permission of the donors, distributions may be reinvested to help achieve the designated endowment amount more quickly.
The standard appointment period for a Chair/Professorship in SMPH will be five years. Alternative lengths of appointment are possible based on the conditions of funding.
Important information regarding Procedural Steps (Requesting Appointment/Reappointment to a Chair/Professorship, Stewardship Guidelines, Steps to Access Chair/Professorship Funds) can be found HERE.