$50,000 gift is in memory of Koichi, Taniyo Taniguchi, founders of store
Published: Tuesday, December 18, 2007 9:26 AM HST
KTA and K. Taniguchi Ltd. have created the first permanent faculty endowments for the University of Hawaii at Hilo with a $50,000 endowed gift in memory of Koichi and Taniyo Taniguchi, company founders and grandparents of the current company president, Barry Taniguchi.
"We firmly believe that an investment in UH-Hilo's teaching faculty represents an investment in the future. We hope that others will join KTA Super Stores and K. Taniguchi Ltd. in building these new endowed funds," said Taniguchi.
This historic gift establishes an Endowed Faculty Fund for each of UH-Hilo's five degree=granting colleges: College of Arts and Sciences; College of Business and Economics; College of Agriculture, Forestry and Natural Resource Management, College of Hawaiian Language and the new College of Pharmacy.
The purpose of the endowments is to provide the dean or director of each college with a permanent source of funds to enhance the college's recruitment and retention of faculty.
"UH-Hilo's highest priority for the Centennial Campaign is to increase the size of our endowment so that we can plan with confidence for a bright future," said UHH Chancellor Rose Tseng.
Currently, UH-Hilo does not have any permanently endowed faculty positions, and it is Taniguchi's hope that the five funds will attract other donors to help build the endowments to support faculty in each of the colleges.
Investing in faculty through creating permanent endowments is one of the major Centennial Campaign priorities as the University of Hawaii System celebrates its 100th anniversary.
Endowed faculty positions help universities recruit and retain top academics, and will give the University of Hawaii the ability to compete with well-funded universities nationally, said the chancellor.
Three years ago KTA Super Stores and K. Taniguchi, Ltd. established the Taniguchi Memorial Fund at UH-Hilo. This endowment supports faculty development initiatives, including the recognition of creative innovations in teaching or scholarship, including technological applications.
"The Centennial Campaign is an historic private fundraising initiative to raise $250 million to support the University of Hawaii's commitment to our students, our community and our world," said Tseng. For more information about the Centennial Campaign, log on to the Web site http://www.uhf.hawaii.edu
The University of Hawaii Foundation is an independent, university-related, nonprofit organization whose purpose is to raise private funds according to priorities determined by the academic leadership of the University of Hawaii and approved by the Board of Regents. Founded in 1955, the foundation provides a full range of fund-raising and alumni-relations services for all 10 UH campuses.