Bicentennial Professors Fund
SIF136, SIF154, SIF161 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.
Approved: December 2017 (first award of $75M), April 2018 (second award of $20M), December 2018 (third award of $75M), December 2019 (fourth award of over $21M new funding)
Project Start Date: 12/09/2017
Funding Awarded: Up to $191,110,220
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 and 2021 meetings. As of the last reporting date, the University had raised $251M for this initiative in signed and verbal commitments, with a corresponding SIF match of $175M. A total of 68 professorships had been created, and 33 had been filled.