Abstract
With this in mind,
One of the primary elements of this campaign will be the cultivation of a gift to establish the first endowed professorship at
The Kyabje Lama Zopa Rinpoche Endowed Chair for Tibetan Buddhist Studies
This endowed professorship will be the highest academic honor bestowed upon a permanent member of the Buddhist Studies faculty at Maitripa, and will ensure that Buddhist Studies remains the core curriculum offering at the College. The income from this endowed professorship will contribute to providing salary and benefits to the chosen faculty member, and will provide a long-term commitment that will attract outstanding educators to Maitripa into the future.
Donors who choose to endow this faculty position will be making a gift that provides a lasting, living, long-term contribution to Maitripa College, helping to strengthen our core mission and vision, and securing the stability of the opportunity for Buddhist education for Maitripa’s students for generations to come.
Preliminary Steps to Develop the Capital Campaign
The capital campaign is still in its planning stages, but preliminary steps include:
*Under the direction of the steering committee, conduct feasibility assessment
*Determine final target amount of capital campaign in consultation with steering committee and based on feasibility assessment
Create detailed campaign plan outlining the entire structure of the campaign including:
*Overview of needs & mission of the campaign
*Overview of tiers of the campaign
*Organizational chart showing campaign divisions, committees, and volunteers
*Campaign budget
*Good stewardship policies )
*Finalize campaign materials including webpage, case statement(s), promotional materials, etc.
*Consult with CPA and finance officers on stewardship practices and investment goals
*(Form committees & begin work
Demonstration of Good Stewardship: Sample Endowed Chair Policy for
1. Definition. An endowed chair is a distinction awarded by the College to a scholar or teacher in recognition of past and potential original contributions to the individual's academic discipline. In addition to the academic honor given to the individual, an endowed chair or professorship provides funding for support of his or her teaching, research, and service responsibilities, and is supported by payout from an endowment fund or annual allocation. Payout may also be used to support the base salary of the endowed chair or professorship, unless expressly prohibited by the donor or gift agreement.
2. Proposal. Establishment and naming of an endowed chair is generally proposed by a governing board committee as the result of a gift or pledge from donor(s). The proposal should include such details as: the purpose or relevance of the chair to the campus, whether the chair will be filled by an existing full time employee or will be recruited, faculty recommendations, and any required additional resources. Upon approval to proceed by the majority vote of the governing board, a final draft of the agreement is prepared by the administrative office and forwarded for signatures to the governing board.
3. Authority. Upon recommendation of the Board of Trustees, the proposal is subject to approval by the Office of the President, and no commitment for establishing and naming a chair shall be made to a prospective donor prior to Presidential approval.
4. Minimum Corpus. The current minimum required to establish an endowed chair at
5. Establishment of the Corpus
a. An endowed chair will be established only upon acceptance by the governing board of (a) cash or a binding pledge that immediately or within a reasonable period of time will create a corpus in an amount sufficient to provide income adequate for meeting the purposes of the chair, or (b) a legally binding commitment to provide appropriate income at the end of each fiscal year from an equivalent corpus held inviolate by a trustee.
b. If a chair is to be funded through a campaign, the recommendation for approval of the chair shall be presented to the President. Approval of an endowed chair, when a campaign is involved, will be contingent upon the receipt of a specified amount by the specified closing date of the campaign, with a provision for optional use of the funds raised should they fall short of the required minimum, or with a commitment from the governing board to make up any deficiency from unrestricted funds available to the campus.
c. The endowed chair and the income from its endowment will be used for the designated area of study for as long as that area is a part of Maitripa College's academic program. The terms of acceptance of a gift will state that should the designated area of study no longer be a part of Maitripa College's academic program, the income from the endowment will be used to support a chair in an area related as closely as possible to the original.
6. Use of the Endowment Income. Income from an endowed chair is to be made available to the faculty member appointed to the chair in support of teaching and research, in accordance with College regulations and according to a budget recommended annually by the chair holder to the budgeting committee and the governing board in the normal budgetary process.
The budget in any given year will not exceed the amount available from the existing endowment.
7. Addition of Endowment Income. The President, following consultation with governing board, may approve the addition of unexpended income to the principal for any endowed chair when the President finds the circumstances warrant such action and when written approval from the donor has been obtained.
8. Restrictions. The area of study must be in accord with the mission of
9. Recruitment and Appointment of Endowed Chairs. Appointments to endowed chairs shall be made in accordance with regularly established
An endowed chair may be filled by one individual for an indefinite period (i.e., the duration of the individual's term at Maitripa), or successively by a series of individuals appointed for prescribed periods, unless otherwise provided in the terms of the gift.
10. Authority. The governing board has final approval authority for appointment to an endowed chair.
11. Search Procedures. A search committee will be appointed by the governing board, and the search committee will forward its report and recommendation to the President and governing board.
12. Appointment Procedures. The governing board, having considered the recommendations of the search committee, will vote on these recommendations and appoint the holder of the endowed chair.
13. Annual Budgeting and Reporting. An annual budget for the expenditure of the income from this endowment should be presented to the budget committee for review and approval in advance of each fiscal year. The income from the endowment is unencumbered, except that it must be used in accordance with
Each chair holder shall annually submit to the administrative office a brief narrative describing his or her academic activities and the use of endowment funds which contributed to them. A copy will be forwarded by that office to the governing board. These narratives should be retained by the administrative offices and the governing board for use in preparing special reports on endowed chairs that may be required at a later date.
Conclusion
Although we are still in the formative stages of planning, and today’s economic climate is uncertain, we feel confident that in the long-term, moving toward a capital campaign and an endowed professorship is the next step to ensure the financial stability of





