George Washington University, the largest university in the nation’s capital, said it plans to add 14 endowed professorships in coming months. It was described as one of the most significant investments in the university’s history to support faculty.
“This is transformational for us,” said university President Mark S. Wrighton. “Of course, recruiting and retaining outstanding members of our faculty is a key priority.”
In August, GWU completed the sale of its 20 percent partnership share in GW Hospital. That netted about $54 million for the university. The hospital, next to Washington Circle in the District, is now wholly owned by Universal Health Services.With the proceeds from the sale, GWU said it will add nine endowed professorships to its school of medicine and health sciences, and one each in public health, nursing, chemistry, biology and biomedical engineering.
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