The recruitment and retention of nursing educators are critical to our success. Yet there is a great deal of competition for outstanding faculty. In order to recruit, retain and support world-class leaders, we must be able to offer them the recognition and resources needed to pursue their work. Endowed chairs are perhaps the most important tool we have to bring these individuals here to South Carolina.
An endowed chair is a faculty appointment, created by a philanthropic gift and supported by a professionally managed fund. Because only a portion of this fund’s investment income may be expended, endowed chairs exist and grow in perpetuity, creating a permanent means of supporting progress in a field of education, patient care and/or research.
Endowed chairs also are considered one of the highest honors an educator can receive. Because they carry such prestige for those who hold them, chairs are invaluable in recruiting and retaining world-class educators and researchers. They also provide a means by which educational progress within a certain field of study may continue and grow in the future. In that sense, the endowed chair leads to a deeper understanding of the subject matter at hand – a vital growth process for a health care institution such as ours.