American Council on Education, Sloan Foundation Award $1.5 Million to Boost Innovative Faculty Retirement Practices
American Council on Education, Sloan Foundation Award $1.5 Million to Boost Innovative Faculty Retirement Practices
The American Council on Education and the Alfred P. Sloan Foundation have announced grants of $100,000 each to fifteen colleges and universities that have demonstrated innovative approaches to supporting faculty before, during, and after their retirement.
The recipient institutions all have demonstrated a best practice in three stages of the culmination of an educator's career: the development of a legacy, the transition into retirement, and the continuing involvement of faculty in the academic community post-retirement. Examples include a mentoring program that partners retired and new faculty, a life-planning seminar, an online tool for evaluating financial plans, an emeriti center, and transition grants that faculty can use to complete a specific project before retirement.
"Our intent in funding these awards is to broaden the national conversation and the agenda within higher education to take into account the full scope of the culminating stage of faculty careers," said Kathleen Christensen, director of the foundation's Working Longer program. "We are hopeful these award-winning institutions can provide examples for our community of thoughtful approaches that can be modeled."
For a complete list of grant recipients, visit the ACE Web site.
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