Endowments are permanent funds in which the principal is invested to grow over time and produce increased benefits. The annual interest income is available annually for use to support the endowment purpose. With a strong endowment base of support, the Fred Fox School of Music will be able to maintain a consistent and long-term standard of excellence despite economic fluctuations.
Endowed Chairs – Investments starting at $1 million
An endowed chair, named for the donor, is one of the highest honors a university faculty member can receive. It recognizes an outstanding professor currently on the faculty, or it may be used as an incentive to recruit prominent faculty. While it is a prestigious honor for the faculty member, it can also be a source of great pride for the donors who originally establish the chair, since they would know they have played a key role in the future success of the Fred Fox School of Music.
Endowed Visiting Professorships – Investments starting at $750,000
Visiting professorships provide the School a source of rotating appointments for distinguished visiting scholars from other universities or professional arts organizations. These scholars draw on the visiting professorship funds as a supplement to their current salary, usually for one or two semesters. Given the School’s international reputation, a visiting professorship can result in the enhancement of the cultural and academic life of the University during that professor’s stay.
Endowed Distinguished Professorships – Investments starting at $500,000
An endowed distinguished professorship helps the School recruit outstanding candidates by providing supplemental salary or program support for that faculty member. These professorships may also be used to recognize and reward outstanding faculty who have achieved academic success at the highest level and may be in demand by competing institutions.
To learn more about investing in endowments, please contact:
Edward Reid, director
Professor of Music
Music Building, Room 101C
Tucson, AZ 85721-0004