The Distinguished Professors Endowment Trust Fund (DPETF) was established by the North Carolina General Assembly in 1985. It is a program established to match private contributions with State appropriations to create endowments for distinguished professorships on the 16 campuses of the UNC System, to include NC State.
The UNC System will match private donor contributions 1:2 (UNC Systems funds 33%; private donor funds 67%) to establish Distinguished Professorships at NC State. NC State has set the minimum level private contribution required for a Distinguished Professorship at $667,000, to be matched by the UNC System at $333,000.
After the total required private contributions are received for a Distinguished Professorship endowment, a Chancellor’s Plan for that endowment is submitted to the DPETF queue to request the state matching. The state provides matching monies to institutions as available in the fall of each year. There is no set amount of time or guarantee as to how long a fund will be in the queue before it is matched. Once the state provides the match, it is considered a fully funded endowment at NCSU.