FAU’s Board of Trustees to
Review President-Elect MJ Saunders’ Employment
Saunders to donate $50,000 for undergraduate scholarships
BOCA RATON, FL (May 10, 2010) – The Florida Atlantic University Board of Trustees’ Personnel and Compensation Committee will review the proposed employment agreement for President-Elect Mary Jane Saunders on Tuesday, May 11. The employment agreement may be found at http://www.fau.edu/bot/05112010_Personnel_and_Compensation_Cmtte.php .
Highlights of the employment contract include the following: a five-year agreement commencing on June 7, 2010; appointment as a professor within FAU’s Charles E. Schmidt College of Science with tenure; annual salary of $345,000 with standard employment benefits, making her the sixth highest paid president in Florida’s 11-member State University System; a deferred retirement benefit equal to 15 percent; and an annual performance bonus of no more than $50,000 upon accomplishment of specific bonus goals to be set by the board chair annually.
Recognizing the importance of scholarship support to students at FAU, a fund was created to match new and increased gifts to the university designated for annual scholarship support. Saunders has committed $50,000 to launch this initiative. Undergraduate scholarships have become even more critical for students with the decline in the economy. This type of scholarship often plays a key role in whether or not students can attend the university.
“I am absolutely committed to FAU and its students, and I want to assist in any way possible to help them succeed,” said Saunders. “I encourage others to join in helping students attend FAU and attain their scholarly goals.”
- FAU –
About Florida Atlantic University:
Florida Atlantic University opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 28,000 undergraduate and graduate students on seven campuses and sites. Building on its rich tradition as a teaching university, with a world-class faculty, FAU hosts 10 colleges: College of Architecture, Urban & Public Affairs, Dorothy F. Schmidt College of Arts & Letters, the Charles E. Schmidt College of Biomedical Science, the College of Business, the College of Education, the College of Engineering & Computer Science, the Harriet L. Wilkes Honors College, the Graduate College, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. For more information, visit www.fau.edu .