CSU receives $5 million from Monfort family
April 14, 2006
Colorado State University
Colorado State University will create 10 new named professor positions, establish 30 new full-ride scholarships, add a faculty-in-residence program as well as a distinguished speaker series ” all named for one of Colorado’s leading families, the Monforts.
The Monfort Family Foundation, through a $5 million gift ” the largest cash gift ever announced by CSU ” creates the series of enhancements to the university’s faculty, students and educational experience over the next decade. The recent gift, which also supports the Monfort Scholars program (created in 1999 with a $2.5 million endowment) brings the total donations from the Monfort family and its foundation to CSU to more than $12.5 million.
“What’s significant about this latest gift isn’t just the size and generosity, but how it focuses on the pursuit of excellence in our faculty, students and on the total learning experience at Colorado State,” said President Albert C. Yates.
The centerpiece of the foundation’s gift ” the Monfort Professors ” will help CSU recruit and retain top-quality faculty. The creation of the 10, two-year-term positions over the next five years will allow the university to establish a special funding program to support innovative research and teaching. The professor positions will each receive $75,000 a year to support their teaching and research activities in addition to the salary and support they already receive from the university. The Monfort Professors will be selected through a competitive process to be determined by the university provost.
“By supporting excellence in faculty and student opportunity, our family recognizes the critical role higher education must play in the future of our state,” said Dick Monfort, member of the Monfort Family Foundation. “By supporting this initiative, we are dedicating resources to Colorado State’s continued growth as a great university and we are happy that our family has played a part in this growth.”
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The Monfort Scholars program (established by the late Kenny Monfort and his wife Myra in 1999) was created to offer annual full scholarships to Colorado’s top students. Monfort Scholars receive full tuition and fees; a room and board stipend; and a book allowance for four years, if they maintain academic standards. Selection of scholars is based on superior scholastic ability, leadership, service to community and school, and outstanding character. The gift will provide $2.25 million to fund the 30 new Monfort Scholars, bringing the total number of Monfort Scholars to 70 students over the next 10 years. The new Monfort Scholar slots are targeted for students with demonstrated financial need.
The new Monfort Professor-in-Residence Program will bring business and community leaders to CSU over the next decade to provide leadership enrichment opportunities for high-achieving students. The program is designed to bring accomplished individuals in business, government and the arts to campus from around the world to lead four-week courses for high-achieving students. The program is funded through $262,000 as part of the gift.
Finally, the gift will provide up to $200,000 annually for guest speakers for a period of five years. The Monfort Lecture Series is expected to feature a distinguished speaker twice per year, and will target people of international distinction. In conjunction with the lectures, the university will create a series of seminars and other activities to engage faculty, students, alumni and community members with the speakers.