The intent of the University of Oklahoma Foundation is to be a powerful catalyst to the University in the accomplishment of its vision of excellence in higher education Furthermore, given the challenges facing higher education in the US, the Foundation has an even greater opportunity to be an agent of change for more effective fundraising, more efficient administrative processes, and improvements in transparency.
Private gifts to establish endowed faculty chairs and professorships are key to recruiting, retaining, and rewarding outstanding faculty. Endowed faculty positions are supported by an endowment in perpetuity. The fund is maintained in secure investments by the University of Oklahoma Foundation Inc. Positions can be created in a favorite college, school, program, or interdisciplinary area of interest and may be named for the donor or as the donor wishes.
Three options for donors in endowing faculty positions are as follows:Endowed Chairs. Funded with a gift of $1 million. The most prestigious of the faculty endowments, these are awarded to help recruit top professors to OU and to retain our best teachers and researchers. The $1 million endowment will generate about $50,000 a year, which can be used to supplement the professor's salary and support his/her scholarly activities.
Endowed Professorships. Funded with a gift of $500,000. These are awarded to help recruit promising young professors to OU and to retain valued teachers and researchers. The $500,000 endowment will generate about $25,000 a year, which can be used to supplement the professor's salary and support his/her scholarly activities.
Since its beginning in 1979, the President’s Associates program has provided unrestricted funding that allows OU’s president to deal with critical issues and pursue initiatives that enrich OU’s academic mission. Because donors can designate half of their gift to a favorite college or program, Associates funds provide the same kind of opportunities to OU deans and program directors. The impact the Associates program can be tremendous.
A membership in the President’s Associates gives you a ticket to OU’s major events, including dinners featuring speakers – renowned in politics, current events, and academics – from around the world.
The Associates have served as co-hosts of such Norman campus events as the openings of the Gaylord College of Journalism and Mass Communication; the Mary and Howard Lester Wing of the Fred Jones Jr. Museum of Art; and the Donald W. Reynolds Performing Arts Center.
Guy Patton is President and Chief Executive Officer of the University of Oklahoma Foundation.
Prior to assuming this role in October of 2007, Mr. Patton was with Fidelity Investments for more than 22 years. Mr. Patton joined Fidelity in 1985 as a Sales representative in Fidelity’s retail business. He held numerous positions within the Finance function during the early part of his career at Fidelity including senior regional finance executive for both the Southwest and Midwest regions.
In 1997, Mr. Patton was promoted to executive vice president of Fidelity’s Institutional Retirement business. During that time Mr. Patton was responsible for launching the industry’s first Internet-based 401(k) product. For this, he was named “Co-Impact Player-of-the-Year” by Defined Contribution News in 2000. He then became president of Fidelity Investments Tax-Exempt Services Company; one of the nation’s top providers of 403(b), and 401(k) retirement savings plans to tax-exempt organizations in the US. In 2004 Mr. Patton was promoted to President of all of Fidelity’s Retirement and Outsourcing business with nearly 5000 employees and revenues of over $2.5 billion.
In addition to his general management roles, Mr. Patton was asked to lead the global Human Resources function for Fidelity in 2002. In that capacity he was a member of Fidelity’s 12 person Executive Committee. During that time, he was responsible for the company’s corporate human resources functions including recruitment, compensation, benefits, employee relations, as well as management and organizational development for the firm worldwide.
Mr. Patton received a bachelor’s degree in economics in 1983 and a master’s degree in 1985, both from the University of Oklahoma.
Mr. Patton has been a member of the board of trustees for numerous not-for-profit organizations, including Jobs For The Future, InRoads, The Cincinnati Ballet, and has served as president of the Board of Trustees for the Childhood Trust.
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.
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