Indiana University Center on Philanthropy adding endowed faculty chairs

Here’s an eye-popping forecast: The not-for-profit sector will need 640,000 senior executives by 2016.

That figure, produced by the not-for-profit leadership consultant Bridgespan Group, is driving a plan by the Center on Philanthropy at Indiana University to create seven to 10 endowed faculty chairs over the next several years.

The COP will use a gift of about $8 million from the estate of heiress Ruth Lilly to create matching funds for the endowed chairs.

Members of IU’s existing faculty could end up filling the new positions. That would allow them to devote more time to philanthropic studies. Most of the more than 60 faculty members who are affiliated with the center currently have dual appointments.

As the not-for-profit sector grows and baby boomers retire from top jobs, universities are creating degree programs and attracting students. That has created competition for faculty, Center on Philanthropy spokeswoman Adriene Davis said.

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