Stanford University

News Service


NEWS RELEASE

2/13/03

Lisa J. Kwiatkowski, School of Humanities and Sciences, (650) 723-3901

Relevant Web URLs:
http://humsci.stanford.edu

Stanford Federal Credit Union members endow professorship for community service

Members of the Stanford Federal Credit Union (SFCU) have overwhelmingly voted to endow a professorship in the School of Humanities and Sciences at Stanford University. The professor appointed to the chair will have a focus on public service and the betterment of the community, officials said.

SFCU President John R. Davis said 69 percent of credit union members voting approved spending $1.5 million to establish the Stanford Federal Credit Union Professorship at Stanford University. Stanford's Board of Trustees on Tuesday formally approved the professorship. Davis said the professorship is only the second in the country endowed by a credit union at its sponsoring university.

"As we completed another successful year, we felt it was time to recognize Stanford's 43 years of support in good times and challenging times by giving something back to the university and the community," said Timothy R. Warner, chairman of SFCU's Board of Directors. "This gift will be a significant expression of thanks to Stanford University and will provide lasting value to our members. A distinguished chair holder will carry the name of Stanford Federal Credit Union into the future."

The permanent endowed chair was established with the $1.5 million commitment from SFCU and a generous $1.5 million match from the William and Flora Hewlett Foundation. Funds to endow a chair are invested by Stanford so that earnings and appreciation of the investment support the distinguished faculty member who is designated as the chair holder.

"As chairman of the Board of Trustees, a member of the School of Humanities and Sciences Council, as well as a member of the Stanford Federal Credit Union, it is a three-fold pleasure for me to see this endowed chair established in the School of Humanities and Sciences at Stanford," said Isaac Stein, chairman of Stanford's Board of Trustees. "The School of Humanities and Sciences is the core of Stanford University home to most of Stanford's undergraduate education and many of the university's most distinguished researchers and faculty. I can think of no better way to commemorate the mutually beneficial relationship between the Stanford Federal Credit Union and Stanford University than through an endowed professorship in the school that is at the heart of Stanford."

The Stanford Federal Credit Union Professorship is the 149th endowed professorship established in the School of Humanities and Sciences. The selection process to name the chair holder is under way and the inaugural chair holder will be announced soon. The university will decide which academic department within the School of Humanities and Sciences will receive the endowed chair.

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About Stanford Federal Credit Union. Formed by and for the Stanford community, Stanford Federal Credit Union (SFCU) provides financial services to faculty, staff, students and alumni. Volunteers from the Stanford community comprise the leadership of the SFCU, sitting on the board of directors and supervisory committee. During the last 40 years, the SFCU has grown to be one of the largest, strongest and most technologically advanced credit unions in the nation, serving more than 40,000 members. For more information, visit http://www.sfcu.org.

About the School of Humanities and Sciences at Stanford University. The School of Humanities and Sciences (H&S) is the heart of Stanford and the primary focus of Stanford University's liberal arts education. H&S awards nearly 80 percent of Stanford undergraduate degrees and almost half of all doctoral degrees at Stanford. The school has more than 500 faculty members, 28 departments, 19 interdisciplinary degree programs, several non-degree granting programs and 20 research centers and teaching resources. Seventeen of the school's departments are in the top five or 10 in their field in the nation. Research and teaching in the school is led by renowned faculty, who are pioneers on the intellectual frontier and include five Nobel laureates, four Pulitzer Prize winners and 18 MacArthur Fellows. For more information, visit http://humsci.stanford.edu.

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