October 15, 2015 by Amanda Bradford, NMSU News Center
New Mexico State University has been awarded $1.25 million from the New Mexico Higher Education Endowment Fund in support of endowed professorships and faculty chairs in science, technology, engineering and math disciplines in several colleges.
NMSU is required to match the funding with an additional $1.25 million from private donors, a goal that has already been met, adding a total of $2.5 million to the NMSU Foundation’s permanent endowment.
“This will have a tremendous impact on our university, our research and – most importantly – our students,” said NMSU President Garrey Carruthers. “Our university advancement team did outstanding work in securing the private funds to match these awards, which will help us continue to attract and retain exceptional faculty. I’m very proud of this accomplishment.”
The state funding includes $125,000 for the Dr. John A. and Margy Papen Endowed Professorship in Actuarial Science, a collaboration between the College of Business and the College of Arts and Sciences; $300,000 for the John Kaichiro Nakayama and Tome Miyaguchi Nakayama Endowed Chair in Engineering and $125,000 for the PESCO Endowed Professorship in Industrial Water Quality and Reclamation Research in the College of Engineering; and $700,000 for the Dr. Herb and Barbara Ward Endowed Interdisciplinary Chair in Environmental and Water Sciences in the College of Agricultural, Consumer and Environmental Sciences.
“We couldn’t have accomplished this without the generosity of these donors, who’ve made an enduring contribution to the success of these programs and our students,” said Andrea Tawney, interim vice president for university advancement. “The investment that our donors have made, along with the state’s contribution, will also have a lasting impact for our state and related industries.
In 2015, the New Mexico Legislature appropriated $5.5 million to the Higher Education Endowment Fund. Laws governing the fund were amended to support the establishment of endowed chairs, lectureships, professorships, scholarships for students, graduate assistantships and faculty development programs in STEM fields that will enhance the quality of public post-secondary education in New Mexico.
The Higher Education Department received 28 applications with more than $9.5 million in funding requests. The four endowments selected from NMSU were among a total of 16 awards granted to 11 campuses around the state.
The award determination was made by the state’s Higher Education Department, Department of Finance Administration and the Economic Development Department, based in part on the effect the faculty funding would have on enhancing public post-secondary education and advancing the governor’s legislative initiatives.