Boards and Commissions

Chairs of Excellence Trust

Chairs of Excellence Trust is chaired by
Tennessee State Treasurer David H. Lillard, Jr.

University Professor and Student

The Chairs of Excellence Trust is a permanent trust fund authorized in 1984 to further the cause of higher education in Tennessee. The funding of the program is provided through contributions made by a private donor and a matching amount by the state, thus creating a chair.

Income from the chair is used to offset the cost of retaining a nationally or regionally recognized

scholar
at a state college or university who teaches in a specified academic area. The program is open to all state four-year colleges and universities, and the UT Space Institute.

A chair is authorized to spend 4% of the 3-year average market value of the chair. However, the corpus cannot be spent. Accordingly, only dividends, interests, and accumulated gains may be spent. Since 1984, a total of one hundred (100) chairs have been created.

The Treasury Investments Division is responsible for managing the assets of the Chairs of Excellence Trust.

Board Meetings and Materials

2019 Meeting

Date and Time Location Documents
October 1, 2019
9:45 AM CT
Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr.
Nashville, Tennessee

Audit Committee - Public Meeting Notice

October 1, 2019
10:00 AM CT
Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr.
Nashville, Tennessee

Board of Trustees - Public Meeting Notice
Board of Trustees Agenda and Materials

Past Meetings

Date and Time Location Agenda/Minutes
Thursday, October 4, 2018
10:00 AM (CT)
Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr.
Nashville, Tennessee
Wednesday, October 11, 2017
10:00 AM (CT)
Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr.
Nashville, Tennessee
Wednesday, October 5, 2016
10:00 AM (CT)
Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr.
Nashville, Tennessee
Tuesday, October 13, 2015
10:00 AM (CT)
Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr.
Nashville, Tennessee
Thursday, December 17, 2015
10:00 AM (CT)
Legislative Plaza
Room 30
Nashville, Tennessee


Spending Plan Revisions

Date and Time Subject Documents
May 25, 2019
MTSU Revised Spending Plan Approval
FY 2017-18
May 9, 2019
MTSU Revised Spending Plan Request
FY 2017-18
June 25, 2018 UT Revised Spending Plan Approval
FY 2017-18
June 8, 2018 UT Revised Spending Plan Request
FY 2017-18


View Chairs of Excellence Trust Financial Statements

financial statements on desk

Financial Statements prior to 2017 are included in the Treasurer's Report for their respective year.



Chairs of Excellence Trust Board Members

The Chairs of Excellence Trust is comprised of the State Treasurer who serves as Chair, and seven (7) ex officio members.


Ex-Officio Members

Member Title/Department Location
David H. Lillard, Jr. (Chairman)
State Treasurer Nashville, TN
Bill Lee Governor Nashville, TN
Justin Wilson Comptroller of the Treasury Nashville, TN
Tre Hargett
Secretary of State
Nashville, TN
Stuart McWhorter Commissioner, Finance & Administration Nashville, TN
Alisa White President, Austin Peay State University Nashville, TN
Randy Boyd Interim President, University of Tennessee Nashville, TN
Mike Krause (non-voting Board Member) Executive Director, TN Higher Education Commission Nashville, TN

Audit Committee

Member Title/Department Location
Randy Boyd
Interim President, University of Tennessee Nashville, TN
Stuart C. McWhorter Commissioner, Finance & Administration Nashville, TN
Tre Hargett
Secretary of State
Nashville, TN
Alisa White
President, Austin Peay State University
Nashville, TN

Contact Us

Have questions about the Chairs of Excellence Trust?  We're here to help!

 (615) 253-2265

Jaye.Chavis@tn.gov

Mailing Address

State of Tennessee
Chairs of Excellence Trust
Andrew Jackson Building, 15th Floor
502 Deaderick Street
Nashville, TN 37243-0248