The Next Step
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As part of a multifront approach
to ensuring perpetual excellence, Chancellor Carnesale launches
an ambitious $250-million initiative to secure the best faculty
and graduate students
Illustration by Ann Zumwinkle
UCLA faces a number of critical challenges. Financial
support from the State of California has been decreasing and, at
the same time, there is increasing competition from within academe
itself as the nation's top universities vie aggressively for the
best faculty and students. In such an environment, world-class public
institutions like UCLA have found themselves sliding farther behind
better-funded elite private institutions such as Harvard, Princeton,
Stanford and MIT in their ability to offer competitive incentives
to attract the best of the best.
As part of UCLA's broad approach to address these competitiveness
challenges, Chancellor Albert Carnesale has announced an ambitious
plan to raise $250 million over the next five years to help recruit
from among the very top faculty and graduate students in the nation.
Among the goals of the Ensuring Academic Excellence initiative is
to raise $100 million to fund 100 new endowed chairs for the recruitment
and retention of professors across campus, $100 million to fund
fellowships and scholarships in the UCLA College and $50 million
for fellowships and scholarships in UCLA's professional schools.
This would provide additional aid for up to 3,500 students a year.