Impact of Your Gifts
The College of Engineering's Department of Computer Science at NC State appreciates the generous support of those who have established and contributed to endowments or through other gifting options over the years.
An endowment creates long-term financial stability, allowing the department to be less dependent on more unpredictable sources of revenue, such as annual research sponsorship and state government aid. While the recently concluded Campaign for NC State Students greatly increased the endowed funds for scholarships and fellowships available to the college, the college and the computer science department continue to lag behind peer institutions in terms of endowment support.
An endowment is created through the establishment of a permanent fund that is invested and managed. A portion of the annual income generated (currently 4%) 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.
Endowment gifts provide many opportunities to merge our donors' interests with the needs and objectives of the computer science department. 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. Following are just a few of the categories and minimum support levels for endowments.
In-state tuition and fees for full-time undergraduates in 2006-2007 totals almost $4,800. The out-of-state student rates total almost $17,000. As tuition rates continue to rise, endowed scholarship support becomes more critical to our ability to attract and retain the best students regardless of financial need.
The NC State Engineering Foundation currently manages more than $17,000,000 in endowed scholarship funds exclusively for students enrolled in the College of Engineering at NC State. These funds generate about $700,000 annually, which is used to award more than 350 scholarships averaging $2,000 each.
There are currently more than 5,700 undergraduates enrolled in the College of Engineering meaning fewer than 6% of students receive endowed scholarship awards. Fewer than 14% of engineering students receive scholarship assistance of any kind from the College. Attracting and retaining the best students is critical to the quality of our programs.
|Graduate Fellowship Endowment||Minimum $300,000|
|Undergraduate Scholarship Endowment||Minimum $25,000|
|Supplemental Scholarship/Fellowship Award||Minimum $15,000|
Current Endowed Computer Science Student Support Funds
Charles W. Kelly / ISSA Scholarship (funding in progress)This scholarship was created by the Raleigh Chapter of Information Systems Security Association (ISSA) to honor its founder, Charles W. Kelly. The scholarship is awarded annually to a junior or senior with a demonstrated interest in working in the field of computer security.
Donald L. Bitzer Creative AwardThis scholarship was established by Mrs. and Dr. Donald L. Bitzer, Distinguished University Research Professor, to recognize and encourage creativity in undergraduate computer science students. "Creativity is thinking outside the box," says Dr. Bitzer, who is a member of the Order of Merlin and is known for his use of magic to help explain complex principles in his courses. To encourage students to look at problems creatively, he presents two creativity awards each year.
Doris and Don Martin ScholarshipThis endowment honors Dr. Don Martin, previous department head, and his wife Doris. Martin joined NC State University in 1960, serving as head of computer science from 1974 to 1986, played a key role in the department’s rapid growth.
Joyce Hatch ScholarshipThis endowment, created to honor Joyce Hatch, an extremely popular student advisor who retired in 2006 after serving for over 30 years. In keeping with her ongoing efforts to help those in needs, this is a “needs” based scholarship.
Mark Paul Kavanaugh Memorial ScholarshipThis scholarship was established to honor the memory of Mark Kavanaugh, an outstanding computer science student who died in a car accident in the fall of 1986. Funds for the scholarship were given anonymously.
SAS Institute ScholarshipsThe SAS Institute, Inc., based in the Cary NC, offers four scholarships to NC State students in computer science. SAS is one of the world's top ten software developers.
SAS Institute Diversity ScholarshipThis endowment, also provided through the generosity of SAS Institute, provides multiple scholarships annually to under-represented students in computer science.
|Endowed Chair||Minimum $2,500,000|
|Endowed Professorship||Minimum $1,000,000|
|Endowed Associate Professorship||Minimum $500,000|
|Endowed Faculty Fellows Fund||Minimum $300,000|
|Endowed Supplemental Faculty Support Fund||Minimum $50,000|
Current Endowed Computer Science Faculty Support
SAS Institute Distinguished ProfessorshipThis endowed professorship is currently held by Dr. Jon Doyle.
The construction of our new state-of-the-art teaching and research facility on Centennial Campus offers a host of naming rights opportunities for both corporations and individuals ranging from offices, labs, classrooms, conference rooms, and common areas to the entire building. Consistent with university guidelines, all named spaces require a minimum donation of at least = the original construction cost of that space.
The primary goal of the naming rights campaign is to stregthen and grow our endowment base. Per University guidelines, 50% of a qualifying donation must be allocated toward an unrestricted endowment. The remainder can be added to an existing cash fund or endowment, or it can be used to create a new endowment in alignment with the donor's interests and the department's most critical needs, such as professorships, graduate fellowships, etc.Return to Top
College (Minimum $25,000,000)At least three quarters of the endowment must be unrestricted to ensure flexibility for the overall enhancement of the college.
Academic Department (Minimum $10,000,000)At least three quarters of the endowment must be unrestricted to ensure flexibility for the overall enhancement of the academic department.
Computer Science Enhancement EndowmentThis powerful endowment provides unrestricted support to the department, allowing the department head flexibility to use the funding where the need is the greatest.
Diversity in Computer ScienceThis endowment, originally created by several members of the department’s Strategic Advisory Board (SAB), provides "programmatic” and/or scholarship support targeting the attraction and retention of females and minorities in the field of computer science.
Institutes, Programs, and Centers(Minimum $1,000,000) - At least three quarters of the endowment must be unrestricted to ensure flexibility for the overall enhancement of the institute, program or center.
Endowed Fund (Minimum $15,000)A named fund to provide annual income to support various needs and objectives.
'Pathway to the Future' EndowmentThis endowment, created from proceeds to the EBII “Pathway to the Future” engraved brick campaign, provides unrestricted support to the department, allowing funds to be used where the need is the greatest.
Current Computer Science Endowed General Program Support Funds
K.C. Tai Endowment
The K.C. Tai Memorial Endowment was established in November 2003 through the generosity of friends, relatives, former students and professional colleagues of the late Dr. K. C. Tai. Dr. Tai had been a professor of computer science at NC State for 27 years prior to his death in October 2002.
This endowment was established to help support the Computer Science Senior Design Center, which manages the senior design projects class. Students in this popular class work in teams on real-world corporate-sponsored projects. Senior Design Center staff guide the students in strengthening their project management, leadership and communications skills.
Gifts of property such as computer equipment, software and textbooks, and as well as professional services, are frequently donated to the department. These gifts are critical to strengthening our teaching and research efforts and have been used to support classroom, lab technology, and administrative needs throughout the department.
Contributions from ePartners Program members provide unrestricted funding to the department, serving as a flexible funding source to address the entire spectrum of departmental financial requirements, with a clear focus on maintaining the highest quality educational experience possible for our students. Examples of how ePartners funding has been used include:
- development of cross-disciplinary research and educational initiatives such as the Masters Program in Computer Networking, a joint degree offered by the College of Engineering and the College of Management
- launch of special programs such as our Women in Computer Science student organization targeted at increasing the retention rate for females in the computer science discipline, and
- recruiting and outreach programs designed to attract minority and women students and faculty.