In fact, the College trades places year by year with the University of California at Berkley as the publicly governed college of engineering having the most members of the National Academy of Engineering on the faculty. Thus, Endowed Chairs give the College the ability to provide first rate faculty expected of a top tier engineering school. Other faculty endowments are Endowed Professorships and Teaching Fellowships , the former being for less senior faculty and the latter for young faculty. All of these faculty endowments can be established under the same guidelines as those listed above for scholarships and fellowships. These endowments are absolutely key to the College's maintenance of its position in the top three to four percent of U.S. colleges of engineering, and its solid A ranking in the annual U. S. News and World Report survey.
Every organization needs to attract the most capable people possible to work the task at hand.
The College of Engineering at UT-Austin is certainly one of those. In your business and in our College of Engineering, both of us need to attract the most capable people to our organizations. Capable students and excellent students, the same as outstanding employees in your organization, transform your organization. About 35 percent of the College's endowment is dedicated to undergraduate scholarships and graduate student fellowships.