Cornell has received a $35 million gift to retain talented professors who are being lured away by other universities. Andrew Tisch ’71 (left), a University trustee, and his wife, Ann, have funded the Tisch University Professorships to provide mid-career professors with incentives to stay at Cornell.
These incentives include competitive salaries, graduate research funding, travel and conference expenses, sabbaticals, and other support. The endowment will also fund recruitment of new faculty. Cornell expects about one-third of its faculty to retire in the next ten years or so.
Faculty recruitment and retention represents almost half of Cornell’s $4 billion capital campaign, or $1.885 billion.
Tisch is a leading executive of Loews Corp., which has interests in oil, gas, financial services, watches, real estate, and hotels. The Tisch family had owned the Loews movie chain until 1985.
Read an interview with the Tischs and more coverage in the Cornell Chronicle.