Board of Governors - APPENDIX II - November 25, 1999
Recommended: That the Board of Governors approve the establishment of the policy on Funding of Designated Faculty Fellowships shown in Annex 1, as recommended by the Senate.
The University has had a policy on the funding of Academic Chairs and Professorships [Policy 2.22] for a number of years. Chairs and Professorships can be supported in perpetuity from an endowment, or on a term-funded basis. The proposed policy on Faculty Fellowships parallels the policy on Chairs and Professorships, but requires less in the way of endowment or term funding. The minimum annual revenue required to support a designated Chair is $100,000 and for a Professorship it is $50,000 to $100,000. Based on a five per cent real rate of return in the case of an endowed chair, the size of the endowment for a Chair would be a minimum of $2 million, and for a Professorship, $1-$2 million. By comparison, a gift in the range of $200,000 - $1,000,000 will provide the required annual income of $10,000 - $50,000 for a Faculty Fellowship. The unique feature of Faculty Fellowships is that one of the ways they may be used is as a supplement to the fellowship holder's salary, at the discretion of the Dean.
Recommended: That the Board of Governors approve the establishment of The MBA '83 Faculty Fellowship under the terms of reference shown on Annex 2, based on a $125,000 donation by the MBA Class of 1983, as recommended by the Senate.
Recommended: That the Board of Governors approve the establishment of the W. Glenn Campbell Faculty Fellow in the Department of Economics, Faculty of Social Science, as recommended by the Senate. The fellowship is based on a $600,000 gift from Dr. W. Glenn Campbell to be endowed by Foundation Western according to an Agreement which includes the terms set out in Annex 3.
As the 29-year director of the Hoover Institution, Western graduate W. Glenn Campbell built one of North America's most influential centres for economic research. He was a valued adviser to U.S. Presidents, the U.S. Defense Department, State Department, Treasury Department and Justice Department.
Campbell began his academic career at Western, graduating with a bachelor of arts in economics in 1944. He went on to complete his studies at Harvard University and taught there from 1946 to 1951. He joined the Hoover Institution in 1960 after being the research director of the American Enterprise Institute for Public Policy Research. After his retirement in 1989, Campbell was appointed by President George Bush to the National Science Foundation.
Campbell holds honorary degrees from Pepperdine University, the Oklahoma Christian University and Western (June 1999). His numerous awards include the Order of the Sacred Treasure, Gold and Silver Star from the Japanese government. He continues to publish and has two works in progress.
See Annex 4.