Campaign Focus: Academic Excellence
The endowment projects proposed in the Iona Forever campaign to fund professors, scholarships and coaches will be as or more impactful than the capital projects. Regardless of larger economic forces, Iona’s needs will continue to grow and will require resources to maintain academic excellence. Academic and athletic programs that can exist apart from the operating budget provide continuity and growth. The endowments that fund them provide a means for donors to establish an individual or corporate legacy. Without a significant endowment, it is a challenge to offer support for academic and extracurricular life, without increasing tuition.
Iona currently has one fully endowed professorship, whereas comparable schools of Iona's size have 12 to 20. Endowed professorships are an indication of an institution’s academic intent. By endowing a professorship, Iona can improve its student-to-faculty ratio and direct money towards other critical needs without raising tuition. To maintain its academic standards and continue to keep costs down for students, Iona needs the ability to recruit well-known scholars while retaining the best and brightest faculty.
WHAT PEOPLE ARE SAYING
“Having the extra resources that an endowed professorship can provide is a great advantage in the intertwined processes of teaching, learning, and research.”
Elena G. Procario-Foley, Ph.D., Chair, Department of Religious Studies, Brother John G. Driscoll Professor of Jewish-Catholic Studies
“We need to bring the best minds we can to teach our students. One of the real needs for the College is to develop endowed chairs for faculty. Let’s recruit some well-known scholars to add to our faculty.”
Donald Grunewald, DBA, Professor of Strategic Management
“We have to create more endowed chairs. These positions, which would be held by our most distinguished faculty, would enable them to develop their teaching and to pursue their research using funds from the endowment rather than the operating budget. Likewise, an endowed chair would free up funds for younger faculty to broaden their research, attend conferences, and more aggressively pursue grants, all while maintaining the high standards we demand of our teachers in the classroom.”
Br. Robert Novak, Ph.D., ’72, Professor and Chair, Physics