Princeton gift funds all third-year grad students | February 29, 2016 Issue - Vol. 94 Issue 9 | Chemical & Engineering News
Volume 94 Issue 9 | p. 10 | News of The Week
Issue Date: February 29, 2016 | Web Date: February 23, 2016

Princeton gift funds all third-year grad students

Endowed gift from cancer drug inventor Edward Taylor means students don’t have to rely on grant funds
Department: Science & Technology
Keywords: graduate education, philanthropy, Princeton
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Princeton chemistry students thank their benefactor, Ted Taylor.
Credit: Princeton Department of Chemistry
Photo of students holding signs that spell out “Thank You” and “Ted”.
 
Princeton chemistry students thank their benefactor, Ted Taylor.
Credit: Princeton Department of Chemistry

Starting next fall, all third-year chemistry graduate students at Princeton University will receive full fellowships that cover their costs. The awards are made possible by an endowed gift from Edward C. (Ted) Taylor, chemistry professor emeritus at Princeton and inventor of the cancer drug sold under the name Alimta. Neither Princeton nor Taylor will reveal the amount of the gift.

The new fellowships will ensure that chemistry graduate students at Prince­ton are funded by sources other than research grants for their first three years of graduate school. A typical class of chemistry graduate students entering Princeton has 30 to 35 students. All Ph.D. students at Princeton receive first-year fellowships from the university to cover full tuition and a stipend. In the chemistry department, second-year graduate students earn money to cover their costs by serving as teaching assistants.

Princeton’s chemistry department had been looking for means of funding graduate students that don’t involve professors securing grant money, says Tom Muir, chair of the chemistry department.

“I engaged in a series of conversations with Taylor about this possibility,” Muir says. “He immediately got excited about this. He understands the challenges and opportunities of academic science.”

Third-year students are “at a critical point in their training when they ought to be free of worries about how they’re supported,” Taylor says. With this gift, “they can devote themselves totally to their research without any financial worries.”

Muir thinks the fellowships will help Princeton’s chemistry department attract and retain both graduate students and professors. For the students, “it provides them a level of financial independence from a mentor that I think can be important,” he says.

For professors, “this takes some of the financial burden off our faculty. Funding graduate students represents a major slice of every grant dollar,” Muir says. “This effectively frees up one year of grant support for doing other things.”

This move to fund students through mechanisms other than research grants is in keeping with a recommendation in a 2012 American Chemical Society report that suggested decoupling grad student funding from professors’ research funding.

What Princeton is doing here—funding all first- and third-year chemistry students with something other than grant money or teaching stipends—is new among graduate programs, says Larry R. Faulkner, chair of the commission that wrote the report.

“There is a move toward endowing graduate education in chemistry to defend against the vicissitudes of funding ebbs and flows,” says David B. Collum, chair of Cornell University’s department of chemistry and chemical biology. “This move by Princeton is a very bold step.”

 
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