Regents Authorize $10 million Fund to
Boost UT System's Emerging Research
Institutions
AUSTIN – Regents on
Monday authorized the creation of a $10 million fund to enhance
infrastructure at four University of Texas System institutions considered
to be among the state’s emerging research universities.
The UT
System Research Incentive Program, as it is called, will provide one-time
matching funds to help the emerging institutions leverage private gifts
dedicated toward expanding research productivity and faculty recruitment.
Institutions eligible for program funds are UT Arlington, UT Dallas, UT El
Paso and UT San Antonio.
“This
undertaking adds momentum to the effort to create more Tier One
institutions in Texas and illustrates the UT System’s commitment to
addressing this critical shortage of major research universities in our
state,” said Regents’ Vice Chairman Paul Foster
of El Paso.
The
program, which will be funded with bond proceeds from the Permanent
University Fund (PUF), will match funds gifted to those universities using
the following criteria:
- Gifts of $500,000 to $999,999 from a single
source will be matched at 10 percent
- Gifts of $1 million to $2,999,999 from a
single source will be matched at 20 percent
- Gifts of $3 million to $4,999,999 from a
single source will be matched at 30 percent
- Gifts of $5 million or greater from a
single source will be matched at 50 percent
“This
new program gives us an exceptional opportunity to leverage state support
and hasten profound change at our emerging institutions, putting them in
the coveted position of being among the most competitive universities in
the country,” UT System Chancellor Francisco G.
Cigarroa, M.D., said. “This program also complements our
ongoing efforts to advance excellence at all of our System’s
institutions.”
Earlier this year, the Texas Higher Education
Coordinating Board identified seven Texas universities – among them four
UT System institutions – as emerging research institutions; and the Texas
Legislature authorized a $50 million matching fund that allowed those
universities to draw on additional resources to help them expand research
capabilities.
To
achieve so-called “Tier One” status, universities typically must have
research portfolios in excess of $100 million, outstanding academic
programs at the undergraduate and graduate levels, and highly talented
faculty, among other factors.
About The University of Texas
System
The University of Texas System is one of the nation’s
largest higher education systems, with nine academic campuses and six
health institutions. The UT System has an annual operating budget of $11.9
billion (FY 2010) including $2.5 billion in sponsored programs funded by
federal, state, local and private sources. Preliminary student enrollment
exceeded 202,000 in the 2009 academic year. The UT System confers more
than one-third of the state's undergraduate degrees and educates nearly
three-fourths of the state's healthcare professionals annually. With more
than 84,000 employees, the UT System is one of the largest employers in
the state.