AASCU Innovations Exchange
Your Source for innovation in Public Higher Education

Fundraising

Professors Funding Scholarships in Retirement (PRFSR) University of North Alabama Project Description: Volunteerism can create a sizeable monetary endowment. Many faculty (and staff) members who have devoted their careers to a university desire to leave a meaningful legacy but lack the financial means to bring that dream to reality. By retiring from their positions while continuing to perform their jobs voluntarily for another semester or year, the university can defer its search for a replacement and place their salary and benefits into a permanent endowment, the earnings from which can be awarded as the professor prescribes. Scholarships, program enrichment, and undergraduate research are examples of the types of support that may be created. The program is entitled Professors Funding Scholarships in Retirement (PRFSR). Read more >>