Department of Surgery
The Department of Surgery Endowed Chairs
A Brief History
“The great use of life is to spend it for something that will outlast it.” William James
In the early history of universities, chairs were somewhat rare pieces of furniture. Only upon attaining the rank of tenured professor did a faculty member earn the privilege of having a chair, which was often provided by a generous benefactor. Over time, these chairs came to symbolize the level of support for the work of an acclaimed educator, researcher, or clinician. Today, the endowed chair provides a means whereby the university may recruit and retain a nationally prominent clinician, helping move an already excellent program into a position of true preeminence.
Endowed Chairs hold tremendous prestige in the medical community. To hold an endowed chair means that you have achieved recognized excellence in your work as a clinician and or researcher. Endowed chairs are the premier recruiting tool used to secure senior level leaders with national reputations. It is highly competitive to recruit these leading clinicians and scientists. The ability to offer an endowed chair to a qualified individual and secure that individual opens the door to substantial benefits to the institution and the patients we serve.
Faculty members value the flexibility a chair gives them to pursue innovative clinical, educational, and research activities for which no other funding is available. Funding for endowed chairs has helped recruit several renowned physician-researchers to lead new initiatives and retain some of the most distinguished and sought-after professors. Endowed chairs also allow scientists and physicians to continue their research collaborations, attract knowledgeable and experienced faculty to their teams, build the appropriate infrastructure for further discovery, and promote more extensive collaborations within the university and the Southeast region. Additionally, the funds generated from this endowment will further enable the department to attract and retain distinguished faculty allowing them the time necessary to coordinate and lead these investigative efforts.
Once established, an endowed chair is permanent. The principal remains in a professionally managed fund, earning income that is used to attract and or retain a leading educator or researcher to collaborate with and mentor students and faculty members. A minimum contribution of $1,000,000 is required to endow a chair. With an endowment fund, only the investment income may be used. By policy set forth by the Medical
University of South Carolina Foundation (MUSC) Board, only a portion of investment income is expended (currently 5%), so that the Foundation’s endowment funds will grow over time. The corpus is never invaded, thereby ensuring existence of the endowment fund in perpetuity. The MUSC Foundation is a 501(c)3 organization, contributions to which are tax deductible.
Existing Endowed Chairs in the Department of Surgery
Currently Held By: David J. Cole, MD, FACS
The Horace G. Smithy, Jr. Memorial Chair in Cardiothroacic Surgery
Currently Held By: John Ikonomidis, MD, FACS
The Charles F. Crews, MD Endowed Chair in Surgery
Currently Held By: Samir M. Fakhry, MD, FACS
The Fitts-Raja Endowed Chair in Transplant Surgery
Currently Held By: Prabhakar Baliga, MD
The H. Biemann Othersen, Jr. MD Endowed Chair in Pediatric Surgery
Currently Held By: Andre Hebra, MD
New Endowed Chairs
|The Fred A. Crawford, Jr. MD Endowed Chair in Cardiothoracic Surgery|
|The Elizabeth and Neal Baker Endowed Chair in Transplant Surgery|