Minding The Campus By David Randall
The Harvard Crimson reports that “Harvard is quietly asking donors for $10 million gifts to establish new endowed professorships in a sweeping bid to reshape its faculty under the banner of ‘viewpoint diversity.’” If so, it’s an initiative that would improve Harvard. But it sure is a big-budget one. Interested donors should do some comparison shopping.
Harvard’s gonna be the gold-plated option, no matter what, but even so, $10 million for an endowed professorship is a stiff price. Stanford Medicine says an endowed professorship goes for just $6 million. Duke University lists a range of endowment levels, including $3.5 million to endow a full professor and $2 million to endow an assistant or associate professor. Augustana University says, “A minimum of $1 million is required to establish an endowed chair, professorship or department.” The University of Texas at Dallas (UT Dallas) offers the best bargains detectable by a quick web-search: $3 million to endow a Distinguished Chair, $2 million to endow a Chair, $1 million to endow a Distinguished Professorship, and just $500,000 to endow a Professorship.
Donors interested in viewpoint diversity might get 20 professors at UT Dallas for the same price as one professor at Harvard. Even if Harvard would accept a mere $6 million to endow a professorship, at cut-rate Stanford prices, you could still get 10 professors at UT Dallas for one at Harvard. Quantity, a donor might think, has a quality all its own…
READ FULL ARTICLE HERE… (mindingthecampus.org)
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