Bicentennial Professors Fund
SIF136, SIF154, SIF161, SIF169, SIF175, SIF190 Bicentennial Professors Fund
Project Manager: Mark Luellen
The purpose of this award is to establish a matching fund to incentivize donors to create endowed professorships.
BoV Approved: December 2017 (first award of $75M), April 2018 (second award of $20M), December 2018 (third award of $75M), April 2020 (fourth award of $50M derived from $29.9M reallocation of previous awards and $20.1M new funding), January 2023 (fifth award of $30M new funding: $10M for general use and $20M for University Professorships), April 2023 (award increased $4M, reallocated from Bicentennial Scholars award).
Project Start Date: 12/09/2017
Total Amount Awarded: Up to $224,110,220
As it prepares to enter its third century of offering one of the best educational experiences in the nation, the University of Virginia is making bold commitments to secure its prominence in the world of higher education. Among them is the Bicentennial Professors Fund. The investment will enable the creation of an estimated 70 endowed professorships, covering not only the salaries for emerging, mid- career and distinguished scholars, but other essential expenses such as the recruitment of graduate students and the acquisition of laboratory space. UVA Today story from March 2020
Current Status: Active
This is a remarkably successful program. The PAC formally assessed progress for this award at their December 2020, 2021, and 2022 meetings. As of the last reporting date, the University had raised $274.2M with a corresponding SIF match of $187.4M. A total of 130 professorships are to be endowed, 94 have been established by the Board of Visitors, and 49 have been filled.