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Support Knox > Above & Beyond: Initiatives for Knox > Academic Excellence > Faculty Compensation, Research, & Development

Create an Endowed Chair

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Beverly Holmes

Vice President for Advancement

2 East South Street

Galesburg, IL 61401- 4999

309-341-7755

888-566-9265 (Toll Free)

Fax: 309-341-7770

bholmes@​knox.edu

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An endowed chair is a great way to honor a professor who had a major impact on your life. A faculty chair can be established with a minimum of $1.5 million for chairs in existing academic programs and $2 million for professorships in new and high demand fields. 

There are a number of options available to donors to make an endowed chair a reality, such as:

  • Using appreciated stock or other marketable assets.
  • Using a charitable lead trust (CLT) to provide Knox with a source of funds to establish an endowed chair, then return the assets back to the donor or the donor's family.
  • Using a hybrid philanthropy plan to fund an endowed chair over time while providing current operating funds to pay a faculty salary today.
  • Establish a chair through an estate commitment.

We will help you create an individualized funding plan for your specific situation.

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$5 mil.

Largest gift

by living donors (Dick ‘57 and Joan ‘56 Whitcomb) for the creation of a new art building

Knox College

https://www.knox.edu/support-knox/above-and-beyond-initiatives-for-knox/academic-excellence/faculty-compensation-research-and-development/create-an-endowed-chair

Printed on Monday, November 20, 2017

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