and another $50,000 in February 2009 if she remains on the job.
Regents noted her success in raising nearly $10 million in the past three years and increasing the number of endowed faculty chairs. Ross has been president of the Lawton campus since 2002.
Scholarship funds set up
Also Wednesday, Boren announced the establishment of an endowed scholarship fund for elementary school teachers. The fund was started with a $500,000 gift by Gene Rainbolt in honor of his late wife Jeannine Rainbolt. Additional gifts in her honor have increased the fund to $610,000. The Rainbolts' daughter, Dr. Leslie Rainbolt-Forbes, is an OU regent.
"We are going to be able to help some extraordinary young people, not just now but in years to come,” the OU president said.
Boren said OU received an $800,000 grant from the Charles and Lynn Schusterman Family Foundation for OU's Judaic Studies Program. The money will endow several faculty positions.
OU also will launch a $1.7 million fundraiser to replace trees on campus that were damaged or destroyed during the December ice stormthat destroyed more than 1,000 trees and damaged many more. Boren's wife, Molly Shi Boren, will lead the fund drive.