Theme 5

Building the Financial Foundation

I. DEVELOPMENT INITIATIVES
ENDOWING SCHOLARSHIPS

The President’s Scholarship Initiative (PSI) has successfully completed its three-year, $100,000,000 campaign. To continue development activities in this important area, Arts & Sciences will propose its own five-year fundraising campaign for student scholarships. Scholarships serve multiple purposes. First and foremost, they help provide an affordable education for many students who otherwise could not attend Baylor. They also serve as an important recruiting tool for high-ability students, which will improve retention and graduation rates. The Board of Advocates, Directors of Development in Arts & Sciences, and University Development will partner with the Dean’s Office to identify potential scholarship donors from both internal and external sources.

Act of Determination 1 -- Creating a $10 Million Endowed Scholarship Plan for the Next Five Years

Scholarship initiatives span a broad spectrum of possibilities and needs. Below is a list of opportunities proposed in the theme committee reports:

  • General Fund
  • Hillis Scholars
  • Global Education
  • Science Fellows
  • Merit Scholars
  • Model Organization of American States
Action Steps:
  • By Summer 2014 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will create a prospectus for a $10 million scholarship campaign.
  • By Fall 2014 Arts & Sciences Marketing and Communications will develop a strategy for the fundraising initiatives.
BUILDING THE ARTS DISTRICT

The Arts District fundraising campaign has been ongoing for several years. Hooper-Schaefer Fine Arts Center is an inadequate facility housing the Departments of Theatre Arts and Art and occupied to capacity (students, faculty, laboratories, auditoriums, and graduate programs). Furthermore, the Division of Film and Digital Media in the Department of Communication has significantly outgrown its space in Castellaw, and the quality of this space has declined. Architectural plans are being created to renovate and expand Hooper-Schaefer Fine Arts Center to better accommodate the needs of these departments.

Act of Determination 2 -- Creating a $50 Million Development Plan for the Arts District

Action Steps:
  • By Fall 2014 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will identify donors who collectively will contribute at least one-half of the funding for the Arts District, resulting in named auditoriums, performance halls, museums, classrooms, laboratories, departments, and programs.
  • By Spring 2015 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will identify other donors for gifts to complete the project.
  • Following the implementation of the previous two steps, a public campaign to complete the fundraising activity will be launched by Summer 2015; this will include consultation with Arts & Sciences Marketing and Communications.

Act of Determination 3 -- Creating a Development Plan to Endow Masters Programs in the Arts

Action Steps:
  • To raise $3 million to endow a Master of Fine Arts (MFA) in Film and Digital Media to supplant the existing MA program. The Dean’s Office will develop a fundraising strategy by Fall 2014 targeted at donors who have voiced an interest in supporting this program and for creating a Department of Film and Digital Media to be housed in the Arts District.
  • To raise $3 million to endow the existing MFA in the Department of Theatre Arts that will be housed in the Arts District. The Dean’s Office and the Directors of Development in Arts & Sciences will create a fundraising strategy by Spring 2015 targeted at current donors who have voiced an interest in supporting this program.
  • To assess the possibility of a fundraising initiative for an MFA program in the Department of Art.
ENDOWING THE SCIENCES

Endowing various parts of the sciences is an important goal for securing resources above and beyond normal operational channels. Included are endowed professorships, research centers, research space, and graduate degree programs.

Act of Determination 4 -- Creating a Development Plan to Endow 12 Professorships in the Sciences

Endowed professorships attract mid-level and senior faculty who can immediately enhance our research productivity and reputation. Additionally, external monies for faculty lines will reduce the financial strain on University resources. Hiring preference will be given to faculty in the health sciences to help build collaborative synergies with the Baylor College of Medicine and Baylor Scott & White Health, for example, and to reduce the unacceptable student major-to-faculty ratio (up to as much as 50:1 in the sciences).

Action Steps:
  • By Fall 2014 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will design a campaign strategy for the sciences to endow 12 professorships/chairs in the name of current faculty and/or to create new endowed professorships ($36 M).
  • By Fall 2014 Arts & Sciences Marketing and Communications will develop a strategy for the recommended fundraising campaign for endowed professorships.

Act of Determination 5 -- Creating a Development Plan to Endow Existing Research Centers in the Sciences

Research centers will be critical for faculty access to shared research equipment and technical staffing. Endowing existing centers or endowments that leverage the creation of new centers will be important. A new Center for Microscopy and Imaging was recently endowed for $3 million, but it is still in need of an additional $1 million to fulfill the original operational needs. Interest earnings from the endowment will cover the cost of a technical staff line and the purchase of a new Environmental Scanning Electron Microscope.

Action Steps:
  • By Fall 2015 the Dean’s Office, in consultation with the Board of Advocates, will develop a plan for obtaining an additional $15 million to help fully endow the Center for Microscopy and Imaging and also to endow the centers for Molecular Bioscience, Mass Spectrometry, and Nuclear Magnetic Resonance. Monies will be used to fund technical staff lines and research equipment.

Act of Determination 6 -- Creating a Development Plan to Acquire Additional Research Space for the Sciences

More research laboratory space will be needed beyond the expansion space still available in the BSB; estimates indicate that approximately 120,000 square feet will be needed. Therefore, given that the current expansion space is calculated to be no more than 7,000 additional square feet, the considerable shortfall of adequate space requires urgent, proactive planning.

Action Steps:
  • By Fall 2015 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will create a fundraising campaign to refurbish the BSB to convert existing classroom space, except auditoriums, to research laboratory space.
  • Contingent upon recommendations from the committee on space planning in Theme 4 -- AOD 1, the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will create a plan to assess fundraising capabilities for the construction of a Clinical Health Sciences facility at the location identified on the master space plan adjacent to the BSB.

Act of Determination 7 -- Creating a Development Plan to Endow Masters Programs in the Sciences

Endowing existing masters programs in Arts & Sciences will contribute to cost savings for reinvestment in facilities and other programs.

Action Steps:
  • By Fall 2015 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will develop a strategy for assessing the possibility of endowing the MA and MS degrees in the Department of Communication Sciences and Disorders at a cost of approximately $3 million.
  • By Fall 2015 the Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will develop a strategy for assessing the possibility of endowing the existing MS degree in the Department of Geology at an approximate cost of $3 million.
ENDOWING THE HUMANITIES AND SOCIAL SCIENCES

Endowed professorships hold great importance for the Humanities and Social Sciences, as well as for other selected programs. Endowed professorships promote research productivity, national and international visibility, and excellence in teaching. They also enable Baylor Humanities and Social Sciences to attract and retain the best and brightest faculty members. Efforts in these areas will continue to build upon the academic foundation created during the preceding decade.

Act of Determination 8 -- Creating a Development Plan in the Humanities and Social Sciences

Action Steps:
  • The Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will consider a possible plan for endowing a Center for Baptist Studies with a plan of action to be completed by Summer 2014.
  • The Dean’s Office, in consultation with the Board of Advocates, Directors of Development in Arts & Sciences, and University Development, will create a strategy for assessing the possibility of endowing six professorships/chairs ($12 million) during the coming decade, with a plan to be completed by Fall 2014.

Act of Determination 9 -- Creating a Plan for a Comprehensive Capital Campaign

For Arts & Sciences to build a financial model to achieve its goals on behalf of Pro Futuris, a considerable influx of new resources contingent upon the implementation of a comprehensive capital campaign will be needed. Current development staffing within Arts & Sciences is not sufficient to raise many tens of millions of dollars during a relatively brief 10-year period.

Action Steps:
  • By Summer 2014 the Dean will meet with the Provost and Senior Vice President for Development and Strategic Initiatives to reach an agreement that University Development will assist with the major fundraising initiatives recommended in this proposal.
  • By Summer 2014 the Dean will meet with the Provost and Senior Vice President for Development and Strategic Initiatives to reach an agreement based on best practices nationally to allow the development staff to grow to assist with the critical fundraising initiatives in Arts & Sciences.
Overview of Potential Fundraising Initiatives
Endowing Student Scholarships $10 million
Endowing Professorships (18) $48 million
Arts District/Hooper-Schaefer Renovation $50 million
Baylor Sciences Building Renovation $15 million
Clinical Health Sciences Facility $80 million
Endowing Research Centers (2) $8 million
Endowing Masters Programs (2) $6 million
Center for Baptist Studies $5 million
Total $222 million