While the College of Education has benefited from private financial support over the years, the funds available for hiring and retaining the best faculty, for scholarships to recruit outstanding students, and for innovative professional development programs, have not kept pace with growth and demand. Our goal is to engage individuals and entities whose passion and vision align with the mission of the College, and who are interested in making gifs to secure continued relevance and success.
Whether you’re interested in supporting students through scholarships, providing our faculty with the resources they need to lead the field, or making unrestricted gifts, your financial support can make a significant difference in our work, no matter the amount.
For more information, please browse this website to learn about ways of giving and the impact you can have on the people and programs at the NC State College of Education.
Total Giving to CED for FY 2015: $1,811,131
Unrestricted gifts directed to the College of Education Excellence Fund allow administrators and faculty the flexibility to respond to the most pressing needs of the College. Unrestricted funds are used in a variety of ways throughout the year. They provide timely financial support for students, pay for community outreach, and they supplement costs for classroom technology upgrades. The Excellence Fund also supports the important work of our faculty through research and professional development, and provides innovation funds for new programs. It’s an all-purpose fund applied to priority projects and needs that complement our vision and priorities.
Scholarships & Fellowships
The College of Education works hard to recruit highly qualified students seeking a career in teaching who will have an impact on the trajectory of the State as a dynamic, well-educated, forward thinking place to work and live.
Attracting outstanding undergraduate and graduate candidates to consider a career in education has become increasingly challenging. Enrollment has dropped at our college and at other colleges of education across North Carolina by over 20% in the past 4 years. This rate of decline is a frustrating reality, even with the number of teacher and administrative openings is increasing year after year. For the first time in decades, colleges of education in the state will not produce enough graduates to fill these positions. There are a number of reasons for this situation, but primarily it is connected to the loss of the statewide Teaching Fellows scholarship program, low salaries for starting teachers and student debt.
While the College of Education at NC State is not in a position to change starting teacher pay or bring back the Teaching Fellows, we must help graduates by decreasing the cost of their education and lowering their debt burden upon graduation. Providing more significant scholarships – ones that cover 25% – 50% of annual tuition, targeted for both need and merit – would allow us to compete with other colleges of education to attract the best and brightest students who have a passion for teaching. Our goal is to be better positioned to offer strategic scholarships that will influence their choice of college and degree program.
Faculty Recruitment & Retention
Simply put, the quality of our teaching and research at the College of Education depend on the quality of our faculty. Finding, hiring and retaining the best faculty is a competitive endeavor. Each year the Dean is faced with many difficult decisions in this arena. Having flexible and readily available resources to help hire and retain our valuable faculty members is absolutely critical.
Such funds can provide doctoral students or postdoctoral fellows to assist with research needs; travel for conferences, training, or data collection; equipment and software purchases; seed grants, as well as other professional expenses connected with research and field activity.
Endowed and outright gifts to support faculty research, professional development, and start-up and retention packages are vital to furthering the mission of the College.
In the coming years, faculty chairs and distinguished professorships will become a necessity in our ability to attract and keep our top faculty. Endowed chairs will allow us to recruit distinguished faculty to our ranks from the best institutions across the country.
What is an endowment and how does it work?
An endowment creates financial stability, allowing NC State to be less dependent on unpredictable sources of revenue, such as research sponsorship, state and national government aid. It is created through the establishment of a permanent fund that is invested and managed. A portion of the annual income generated is used to carry out the donor’s designated purpose. Income earned in excess of the annual amount spent is added back into the endowment so that it continues to grow and maintain its purchasing power for future generations.
Establishing an initial endowment for the College of Education can be accomplished in a variety of ways including outright gifts and planned gifts such as charitable trusts and will bequests. Donors often fund endowments as a single gift or in the alternative, they spread the payments over several years in the form of a pledge. Endowed funds can become family traditions, with succeeding generations adding gifts to the principal established by a founding donor.
Gifts for scholarship and fellowship endowments provide many opportunities to connect our donors’ passions with the needs and objectives of NC State. In order to guarantee that the income from an endowment will be sufficient to achieve the donor’s goals, minimum support levels have been established.
Our goal in the upcoming campaign is to increase our total endowments designated for scholarships from $2,000,000 to $10,000,000. This would allow us to award nearly $500,000 a year in scholarships and at levels that would “move the needle” – in most cases awards of $2,500 to $5,000 – and encourage more people to consider a career in education.
To learn more about endowment options and how you can make an impact through long-range gift planning, please contact Reid Ricciardi at 919-515-1736 or email@example.com.