The Department of Economics has been fortunate to have the support of its alumni and faculty as evident by the establishment of a number of endowments and programs in furthering the teaching, research, and service the mission of the Department. The following provides a brief summary of the endowments and programs generously funded by the financial support of our alumni and faculty.
The Elliott Endowment recognizes student scholarship and faculty excellence. Mr. Elliott specifically wanted to recognize three faculty in the establishment of this endowment: Dr. Matthew Morey (Economics), Dr. Paul Baker (Philosophy), and Dr. Richard Stivers (Sociology-Anthropology). The Scott M. Elliott Endowment funds the following scholarships and awards:
Undergraduate Scholarship was established to provide support to an undergraduate student in economics who has exhibited academic excellence. (application form (pdf))
Graduate Scholarship was established to provide support to a graduate student in economics who has exhibited academic excellence. (application form (pdf))
Undergraduate Research Award for Best Capstone Paper was established to promote and recognize the scholarly contributions of undergraduate students and their faculty advisors to the field of economics. (application form (pdf))
Graduate Research Award for Best Capstone/Thesis was established to promote and recognize the scholarly contributions of the graduate students and their faculty advisors to the field of economics. (application form (pdf))
Faculty Excellence Award was established to recognize the outstanding contributions of a faculty member who maintains a commitment to outstanding research, teaching, and service. (application form (pdf))
Dr. Warren Harden was instrumental in establishing the Department of Economics as a separate entity within the College of Arts and Sciences at ISU and served as the first Chair for the Department of Economics. He began his career at ISU in 1954 teaching economics and subsequently moved into administration as the coordinator of Academic Planning, Director of Institutional Research, and Director of Computer Operations. In 1983, Dr. Harden assumed the position of Vice President for Business and Finance.
The Dr. Warren R. Harden Endowed Seminar and Lecture Series will provide the resources to support the Department's ongoing invited seminar and lecture series.
The Elliott Cross-Disciplinary Program is a multi-year endeavor funded by the generous contribution from Scott M. Elliott, 1985 alum of the Department of Economics. The Pilot Program will provide interdisciplinary research teams with initial funds to conduct preliminary research with the objective of a grant submission for external funding from government agencies and foundations.
The Glasener-Economics Advisory Board Endowment recognizes the teaching career of F. Russell Glasener. Professor Glasener began his career at Illinois State University in 1935, when the school was still known as Illinois State Normal University, and retired in 1959. Professor Glasener’s commitment to Illinois State University and to economics education continued for almost three decades following retirement, until his death in 1987 at the age of 96. In his memory, the Glasener-Economics Advisory Board Undergraduate Scholarship was established to provide support to a student in economics who demonstrates financial need and academic promise. (application form (pdf))
This fund endowment was established in 2011 by the Chair of the Department of Economics through an endowment gift from a former graduate student. The purpose of the fund is to support an annual award for graduate students. The Department of Economics chose to keep this fund open, allowing others to contribute to it so that it could grow over time.
Each candidate for the Economics Endowment for Graduate Student Excellence Fund must be: (1) Accepted for enrollment or enrolled in good standing at Illinois State University. (2) An outstanding incoming graduate student or a current graduate student working with an Economics faculty member on a summer research assistantship.
The Chizmar - Ostrosky Endowment was established to honor the outstanding careers of Dr. John (Jack) Chizmar and Dr. Anthony (Tony) Ostrosky during their tenure as professors in the Department of Economics at Illinois State University. The Chizmar - Ostrosky Endowment funds the following scholarship and award:
Undergraduate Scholarship was established to provide support to a student in economics who demonstrates financial need and strong academic performance. (application form (pdf))
Scholarship in the Teaching and Learning in Economics Award was established to recognize a faculty member who demonstrates excellence in teaching as well as in the scholarship of teaching and learning in economics.
The Koch - Advisory Board Faculty Development Endowment was established to encourage and support meaningful opportunities for professional development of faculty members. (application form (pdf))