The University's endowment regained in fiscal year 2010 more than 50 percent of the value it lost in fiscal year 2009, according to the recently released year-end report by the University of Virginia Investment Management Company. During the 2010 fiscal year, the endowment - which serves as the source of sustainable private support for instruction, service and research - gained $597 million back from the $1.1 billion it lost during the previous fiscal year, according to an e-mail from Leonard Sandridge, executive vice president and chief operating officer. In the context of the wider U.S.
The American Civil Liberties Union of Virginia filed a petition Monday with the U.S. Supreme Court to review an April ruling by the Fourth Circuit Court of Appeals that banned advertisements for alcoholic beverages in college student publications.
The Faculty Senate recently voted unanimously to support the principle of creating a new rank called the professor of practice, which will allow schools to hire distinguished professionals for short-term, non-tenure-track teaching positions. "This rank will allow us to attract accomplished professionals whose qualifications, while outstanding, do not conform to those of a member of the tenured faculty," according to materials drawn up by the Office of the Executive Vice President & Provost for Faculty Senate review. The proposal calls for no more than five professors of practice to be chosen at a time for any given school.