Agenda Item No. _______________
Washburn University Board of Regents
SUBJECT: Washburn University Competitive Grant Program
DESCRIPTION: In 1996 the Washburn Board of Regents, in cooperation with the Washburn Endowment Association, established a competitive grant program.
A major challenge for Washburn University is to build on its strengths and develop unique and outstanding programs. The purpose of this program is to help distinguish and differentiate Washburn University. To have the greatest impact, only a limited number of grants will be awarded. Expenditures from this grant can be used over a two-year period. These grants are considered seed money to initially establish programs that will, in subsequent years, be funded through normal budget processes. In the selection of proposals for funding, the most important quality is the ability to build on University strengths in order to differentiate Washburn from other institutions of higher education.
Preliminary proposals were reviewed by a special committee appointed by the President. Three proposals were selected for submission to the grant competition. The Competitive Grant Advisory Committee, chaired by the VPAA (a non-voting member) and consisting of four senior faculty members from other universities in the region, four members of the WEA Board of Trustees, and the president of the Washburn Student Association, met and rated the three final proposals. The committee unanimously recommended that the project "Entrepreneurship Development Center" be fully funded in the amount of $150,000. The committee feels that this project will have the most lasting effect on the university and the community.
The committee further recommends that "WUVU" (Washburn University Virtual Union) be funded in the amount of $31,000.
FINANCIAL IMPLICATIONS: $181,000 (from funds established for this purpose).
President Farley recommends that the Washburn Board of Regents approve the funding of the project "Entrepreneurship Development Center" for $150,000, and funding of the project "WUVU" for $31,000.
(date) Jerry B. Farley, President