Trust Fund Programs and Initiatives Descriptions
- Action Agenda Program
The Action Agenda Program supports efforts by the comprehensive universities to achieve the objectives of the 1999-2004 Action Agenda, such as becoming distinctive universities, developing innovative solutions to community and regional problems, providing services in the community for persons with disabilities, increasing educational levels in Kentucky, and working with local schools. The program received $10.0 million in each year of the 2000-02 biennium.
- Endowment Match Program
The Endowment Match Program matches state funds dollar-for-dollar with private gifts to grow endowments and encourage research at Kentucky’s public universities. Endowment proceeds are used to fund endowed chairs, professorships, research scholars, research staff, graduate fellowships, undergraduate scholarships, research infrastructure, and mission support at these institutions. The program received General Fund appropriations of $110 million in 1998-00 and $120 million in 2000-02. The 2003 Budget Bill (HB 269) appropriated $11,856,000 to pay debt service on a bond issue that provided another $120 million for the program in 2002-04.
- Faculty Development
This program supports faculty development programs (e.g., campus teaching resource centers, technology training, etc.) at Kentucky’s public universities. The program received $1.0 million in 2000-02. In HB 269, the General Assembly appropriated $150,000 for this program in 2002-04.
- Kentucky Engineering Strategy
This program encourages a collaborative approach for educating greater numbers of engineers and information technology specialists. HB 269 included no funding for this program in 2002-04.
- Kentucky EPSCOR
The EPSCoR program encourages federal investment in public university research activities through a state-matching program. The Kentucky Science and Engineering Foundation leverages state funds to increase federal and private sector funding for R&D in Kentucky. These programs received $4.5 million in 2002-04.
- Lung Cancer Research
The Lung Cancer Research Program provides funding for competitive research grants and clinical work that seek cures or better treatments for lung and ovarian cancer. The program received $11.1 million in 2000-02. HB 269 appropriated $11.7 million to the program in 2002-04. The program is financed entirely with Tobacco Settlement funds.
- Programs of Distinction
The Programs of Distinction (POD) initiative provides funding for prospective programs of national excellence at the comprehensive universities. It is designed to help the comprehensive universities establish programs of national prominence that address local, regional, and state needs. The program received $6.0 million in 1997-98 and $6.0 million in each year of the 1998-2000 biennium. These funds were matched dollar-for-dollar by the institutions with external funds or through internal reallocation. The 1999-2000 funds were transferred to the base budgets of the institutions to provide a perpetual source of funding for POD programs.
- Regional Stewardship Program
The Regional Stewardship Program supports public engagement activities at the comprehensive universities that promote regional or statewide economic development, livable communities, social inclusion, creative governance, and civic participation. Program funds will be used to develop and maintain program infrastructure, bolster intellectual capacity in targeted priority areas, and finance stewardship initiatives that further the Public Agenda for postsecondary education. The General Assembly appropriated $1.2 million for this program in 2006-07 and $3.6 million in 2007-08.
- Research Challenge Program
The Research Challenge Program initiative provides funding for prospective programs of national excellence at the University of Kentucky and the University of Louisville. It is designed to help UK achieve top 20 status among public research universities nationwide and to help UofL become a metropolitan research university of distinction. The program received $6.0 million in 1997-98 and $6.0 million in each year of the 1998-2000 biennium. These funds were matched dollar-for-dollar by the institutions with external funds or through internal reallocation. The 1999-2000 funds were transferred to the base budgets of the institutions to provide a perpetual source of funding for Research Challenge programs.
- Research Support Program
This program supports efforts by the University of Kentucky and the University of Louisville to generate a combined $500 million per year in extramural R&D expenditures by the year 2010. Program funds will be used to recruit and retain prominent, research active faculty in areas of strategic benefit to the Commonwealth, including university programs of distinction and Department of Commercialization and Innovation economic development clusters. The General Assembly appropriated $1.5 million for this program in 2006-07 and $3.0 million in 2007-08.
- Rural Innovation Fund
This program supports small business R&D and commercialization of university research through voucher and seed capital initiatives. The program received $5.5 million in 2000-02 and $4.3 million in 2002-04.
- Workforce Development and Training
The Workforce Development and Training initiative provides business and industry with education, training, and support to create better jobs and a workforce to fill them. It is designed to help the KCTCS improve and expand workforce skills in cooperation with business and industry. The program received $6.0 million in each year of the 1998-00 biennium, and another $6.0 million in recurring funds for 2000-02. HB 269 included no funding for this program in 2002-04.
- Workforce Development/Transfer Program
This program supports workforce education and transfer initiatives at institutions that are part of the Kentucky Community and Technical College System (KCTCS). A portion of program funds will be added, along with matching private-source funds, to the endowment of the institution, where it will provide a perpetual source of funding for workforce education and transfer initiatives. The remainder will support KCTCS efforts to build workforce development and transfer program capacity in areas of demonstrated workforce need. The General Assembly appropriated $300,000 for this program in 2006-07 and $1.2 million in 2007-08.