Dive Brief:
- The Louisiana Board of Regents has discovered that $113 million is available to fund endowed chairs and professorships but has been sitting unused for at least two years.
- That money could represent 76 endowed chairs and 263 endowed professorships.
- Most of the unused money came from private donations; the rest was from a state fund from a lawsuit over offshore oil production.
Dive Insight:
Of course, the question Louisiana officials are asking is why the money is unused. One administrator says there isn't just a single reason. Another says guidelines about who can be hired make it difficult to find qualified professors, especially when salaries are not competitive. And, he says, sometimes it’s just hard to get people to move to Louisiana.
