academic endowments

$2.5 million AT&T gift endows new virtualization research center at SMU

SMU  and AT&T have launched a new collaboration in a research center that will deliver solutions to critical industry needs, educate the next generation of virtualized network technology experts and support Dallas’ emergence as a global information technology hub.

A $2.5 million contribution from AT&T to SMU will endow the AT&T Center for Virtualization and fund its research to support the fast, reliable cloud-based telecommunications necessary for global connectivity. Through virtualization, functions that once required specialized hardware devices are now performed with software running on general-purpose hardware.

“SMU students will see tremendous advantage from participating in the interdisciplinary research of the AT&T Center for Virtualization,” said SMU President R. Gerald Turner. “Employers are looking for graduates who understand the technical, business and consumer environment. We are very pleased that this Dallas-based, global company has chosen SMU as its partner to advance research on cutting edge technology.”

The Center also offers an opportunity to draw and encourage more women to engage in technology.  While women’s participation in STEM fields continues to decline nationally, SMU has been a leader in successfully enrolling women in engineering studies. Within the Bobby B. Lyle School of Engineering, women have averaged more than 30 percent of incoming undergraduates since 2005 – exceeding the national average of about 20 percent.

“We believe innovation increases when there is diversity in the workforce. This new research center not only helps advance the latest technology solutions, but it also presents a way to tap a critical segment of tech leaders: women,” said Brooks McCorcle, President, AT&T Partner Exchange. “Like AT&T, SMU is committed to building and expanding the base of technology talent. AT&T’s endowment is a call to mobilize and activate the next generation of female technology leaders through educational opportunities, innovative research and mentorship.”

> Read the full story from SMU News

2015 Stella Porter Russell Fund faculty bonuses arrive Nov. 30

Eligible SMU faculty members will receive a salary bonus of $1,860 each in their Nov. 30, 2015, paychecks through projected available resources from the Lester A. and Stella Porter Russell Fund.

SMU’s Office of the Provost has identified 686 faculty members as eligible according to the parameters set by Stella Porter Russell in her will. The net amounts received by individuals will vary based on each person’s employment tax withholdings.

The annual supplement was awarded to 678 faculty members in 2014. Every year the amount of the supplement is based on the number of faculty who are eligible, the expected spending distribution from the endowment, and the effect of current investment market conditions on the endowment.

In her will, Russell stipulated that SMU establish an endowment fund in memory of her late husband and herself, to be used to supplement University faculty salaries.

2013 Stella Porter Russell Fund faculty bonuses arrive Nov. 27

Eligible SMU faculty members will receive a salary bonus of $2,000 each in their Nov. 27, 2013, paychecks through projected available resources from the Lester A. and Stella Porter Russell Fund.

Because the last day of November 2013 falls on a weekend day immediately after the University’s Thanksgiving holiday, monthly SMU employees will receive their paychecks on the last working day before the holiday rather than on the last day of the month.

SMU’s Office of the Provost has identified 688 faculty members as eligible according to the parameters set by Stella Porter Russell in her will. The net amounts received by individuals will vary based on each person’s employment tax withholdings.

The annual supplement is the same as that for 2012, which was awarded to 714 faculty members. Every year the amount of the supplement is based on the number of faculty who are eligible, the expected spending distribution from the endowment, and the effect of current investment market conditions on the endowment.

In her will, Russell stipulated that SMU establish an endowment fund in memory of her late husband and herself, to be used to supplement University faculty salaries.

2012 Stella Porter Russell Fund faculty bonuses arrive Nov. 30

Eligible faculty members will receive a salary bonus of $2,000 each in their Nov. 30, 2012, paychecks through projected available resources from the Lester A. and Stella Porter Russell Fund.

SMU’s Office of the Provost has identified 714 faculty members as eligible according to the parameters set by Stella Porter Russell in her will. The net amounts received by individuals will vary based on each person’s employment tax withholdings.

The annual supplement is the same as that for 2011, which was awarded to 676 faculty members. Every year the amount of the supplement is based on the number of faculty who are eligible, the expected spending distribution from the endowment, and the effect of current investment market conditions on the endowment.

In her will, Russell stipulated that SMU establish an endowment fund in memory of her late husband and herself, to be used to supplement SMU faculty salaries.

Full-time faculty, including those on paid leave, are eligible for Russell Fund bonuses, as well as visiting professors with 2-year contracts and professors on leave without pay for 1 semester. Eligibility for professors on leave without pay for 2 semesters and for administrators is subject to decision by the appropriate dean.

2011 Stella Porter Russell Fund faculty bonuses arrive Nov. 30

Eligible faculty members will receive a salary bonus of $2,000 each in their Nov. 30, 2011, paychecks through projected available resources from the Lester A. and Stella Porter Russell Fund. The Office of the Provost has identified 676 faculty members as eligible according to the parameters set by Stella Porter Russell in her will. The net amounts received by individuals will vary based on each person’s employment tax withholdings.

The annual supplement is the same as that for 2010, which was awarded to 666 faculty members. Every year the amount of the supplement is based on the number of faculty who are eligible, the expected spending distribution from the endowment, and the effect of current investment market conditions on the endowment.

In her will, Russell stipulated that SMU establish an endowment fund in memory of her late husband and herself, to be used to supplement SMU faculty salaries.

Full-time faculty, including those on paid leave, are eligible for Russell Fund bonuses, as well as visiting professors with 2-year contracts and professors on leave without pay for 1 semester. Eligibility for professors on leave without pay for 2 semesters and administrators is subject to decision by the appropriate dean.

By | 2011-11-29T16:50:48+00:00 November 29, 2011|Categories: News|Tags: , |
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