Spectacular, IMHO. What a way to "give back" and support the university's mission.
Two fraternities – DKE and Phi Delta Theta – have already raised money to sponsor professorships at UNC-Chapel Hill, and three sororities – Chi Omega, Delta Delta Delta, and Kappa Kappa Gamma -- are close to meeting their financial goals for doing the same thing.
For details, amounts of money, etc., see
http://www.dailytarheel.com/article/...professorships
Excerpt from ^^:
“Chi Omega, Kappa Kappa Gamma and Delta Delta Delta have collectively raised more than $1.5 million through separate campaigns to sponsor professorships on campus.
They all hope to reach their goals by June 30, at which point they will each qualify for matching state funds, rounding out substantial endowments for University faculty.
. . . a portion of a professor’s salary would be drawn from the endowment each year, offering the opportunity to honor a current professor or hire new faculty.
“These professorships are a great way. . . to recruit and retain our top faculty,” said Cathy Bryson, an alumna of Kappa Kappa Gamma who initiated the campaign.
Bryson said Kappa Kappa Gamma is $53,000 away from its goal of $666,000, which would qualify for a matching donation from the state of $334,000 for a $1 million endowment in total.
Chi Omega is closest to its goal of $333,000 with gifts and commitments totaling $310,000. Chi Omega’s total amount would qualify for $167,000 from the state.
Delta Delta Delta is also approaching its goal of $666,000, having raised $617,000 to date.
. . . “