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Support of the Missouri Compacts

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Presentation on theme: "Support of the Missouri Compacts"— Presentation transcript:

1 Support of the Missouri Compacts

2 UM System Investment $260 million one-time funding invested over 5 years to support the Missouri Compacts outlined in university strategic plans Requires Matching Funds – From Campus and Donors Funds will support bold, innovative and far-reaching proposals from the four universities

3 UM System Investment – Student Success
Missouri Compact Scholarships - $100 million $75 million for the Promise & Opportunity Scholarships to meet the unmet needs of students $25 million in Next Generation Merit Scholarships Digital Learning Initiatives - $20 million Investments will increase enrollment of Missouri students, National Merit Scholars, retention and graduation rates, job placement and reduce debt at graduation.

4 UM System Investment – Research & Creative Works
Translational Precision Medicine Complex (TPMC) - $50 million TPMC is the top priority for the UM System Research and Creative Works - $50 million Distinguished Research Professorships - $12 million Directed Projects - $2 million Direct projects include: $1.25 million MO Sourcelink $250,000 Curators Distinguished Lecture Series $250,000 Missouri Compact Summits $125,000 University Open Houses $125,000 Intra-Campus lecture Series

5 UM System Investment – Other Compacts
Outreach and Engagement- $10 million Expand presence in every county, increase access to education and healthcare, and support the agricultural community Inclusive Excellence - $8.5 million Planning, Operations & Stewardship - $7.5 million Programs for faculty and staff to ensure their continued success

6 UM System Investment - Timeline
September 14 – Announcement and call for proposals Mid September-Mid October – Town Hall Meetings Mid October – Committees formed to evaluate proposals November 30 – Proposals due December 1 – January 15 – Committees evaluate proposals January 15 – Committees make recommendations to President February 2 – President and General Officers make final selections February 9 – Proposal awards announcement to Board of Curators Annually – Funded projects reviewed and decision made to continue funding or stop projects without demonstrated success

7 Process for “research and creative works” proposals
Proposals should be: Interdisciplinary (participants from other UM System Universities encouraged) Build on current strengths while pointing in new directions Open new research areas Enable access to new funding agencies Proposals due October 12: 5 page max Description of the broad research area and how it connects to existing research, ongoing projects, and facility and space availability Why this research area will elevate S&T’s research in the next 5 years: references to current and future funding trends (RFPs, RFIs, BAAs, etc.), citations from professional or other organizations recognizing the growth of the area, etc. Proposed number of faculty hires with their level (Assistant, Associate, Full, Research vs. T/TT). Expected cost of the investment to set up the new area and to hire the new faculty: equipment, renovations, start-ups, other. Connections to undergraduate and graduate education, including current and future programs, minors, and certificates.

8 Process for “research and creative works” proposals (2)
Up to 5 resumes of participating faculty Optional addendum of examples of potential hires Inform the VCR of proposal members by October 7 so we can select a review panel The review panel will provide recommendations to the Chancellor, the Provost, the VCR, and the Deans who will collectively decide which proposal(s) will move forward to the President. While the merit of the proposal will be an important evaluation criterion, we will also gauge the ability of S&T to match the projected System investment and to raise philanthropic funds in the area, among other final selection criteria.

9 QUESTIONS?


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