The designated endowed professor or chair will annually report the activity of the position to the Provost by May 15th. Following the third year, the employee must reapply for the position if they have served continuously. Preference may be given to faculty with the rank of professor, associate professor, assistant professor, etc.

Annually, the President or their designee will share with the Board of Regents the recipients of the endowed professor or chair positions. The endowed funds shall be treated as a funding source and do not necessarily equate to an increase in salary nor benefits of a professor unless otherwise noted in the donor or internal agreement. The endowed position may include funding for enhanced development, graduate assistants or program support. The endowed position does not alter an appointment from 9 months to 12 months unless otherwise directed by the appointment letter that shall not exceed one academic year but may be renewed for up to two additional years.

Endowed departmental funds shall be expended in accordance with KSU's finance and administration policies, which aims to ensure the sustainable and strategic use of financial resources to enhance departmental functions and support academic excellence. Annual spending will be based on the above spending formula. The funds shall be allocated towards priorities such as scholarships, research grants, faculty development, acquisition of cutting-edge equipment or software, and enhancement of academic programs. Annually, the department overseeing the fund shall submit a spending plan to the budget office prior to July 1st of the same year.

All expenditures will be reviewed and approved by the appropriate departments following all KSU policies and procedures and donor restrictions. Expenditures should match the mission and strategic goals of the institution and the department thereby fostering an environment of innovation, academic integrity, and student success.

KRS 164A.550 to 164A.630 KRS 273.600 to 273.645