Of the new faculty lines needed in the coming decade for Arts & Sciences STEM departments in general and for the health sciences in particular we propose implementing a fundraising initiative to fund 12 of these lines through endowed professorships/chairs. Additionally, we propose to raise funds for six endowed professorships in the Humanities and Social Sciences. The action steps for fundraising for endowed professorships/chairs are discussed in Theme 5 -- I. Development Initiatives -- AOD 4 and AOD 8. These steps will lead to a significant cost savings for the University operational budget.