Research and Endowment
In 2005, the University was invited to join the Collider Detector at Fermilab (CDF) collaboration at the Fermi National Accelerator Laboratory in Batavia, Illinois. The project is one of the world's largest experimental physics collaborations.
In 2006, the Carnegie Foundation upgraded the university's classification to "Research University" status with "High Research Activity," opening the door to many new research opportunities.
In October 2009, a group of state, county and city governments and organizations and higher educational institutions in Central Texas announced the creation of the Central Texas Technology and Research Park, and the park's first project, the Baylor Research and Innovation Collaborative (BRIC) to be housed in the former General Tire facility on South Loop Drive in Waco. Funding for the effort comes from the state of Texas and from Baylor University. Clifton Robinson (a member of the Baylor Board of Regents) donated the facility to Baylor University to support the research collaborative.
Several former and present faculty at Baylor are involved in the intelligent design debate, most notably philosopher William Dembski, now at Southwestern Baptist Theological Seminary, Christian philosopher Francis Beckwith, and electrical engineer Robert J. Marks II.
The university's endowment passed $1 billion in 2007 and reached $1,055,478,000 on December 31, 2007. Despite the economic crisis of 2008, Baylor spokesperson Lori Fogleman reported that Baylor's endowment grew 5.1% in the fiscal year ending June 30, 2008; the National Association of College and University Business Officials estimated that during that same period, the median return for the top 25% of college endowments decreased by 2.2%. Fogleman cited the university's long-term investments and diversified holdings as the cause of the endowment's recent success. As of December 2008, the Baylor endowment totaled less than $1 billion, down from a May high of $1.06 billion. A consulting firm hired by the university expressed concern that the disagreements within the Baylor community could hinder the endowment from continuing its four-year streak of increased endowment donation totals and its 2012 goal of a $2 billion endowment, though the current economy may also prevent both.
On March 4, 2010 "An anonymous longtime Baylor donor. . . set up an estate provision that will benefit the school to the tune of an estimated $200 million dollars. The gift will bolster Baylor's research on the issues of aging in multiple disciplines at the school". Citing the most recent data reported by the Chronicle of Higher Education, Baylor officials say the $200 million donation is the second-largest gift to a Texas college or university and ranks among the top 20 private gifts to higher education institutions in the country.
Read more about this topic: Baylor University Student Foundation
Famous quotes containing the words research and, research and/or endowment:
“I did my research and decided I just had to live it.”
—Karina O’Malley, U.S. sociologist and educator. As quoted in the Chronicle of Higher Education, p. A5 (September 16, 1992)
“... research is never completed ... Around the corner lurks another possibility of interview, another book to read, a courthouse to explore, a document to verify.”
—Catherine Drinker Bowen (1897–1973)
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to develop—in his own good time—to the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
—Bruno Bettelheim (20th century)