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

Upcoming Meetings

Recent Meetings

Event date: 9/25/2025 9:00 AM

Cassidy Denton / Monday, August 4, 2025

/ Categories: Boards and Commissions, Tennessee Consolidated Retirement System (TCRS), Investment Committee

TCRS Investment Committee Meeting

The TCRS Investment Committee will meet at 9:00 a.m. (CT) on September 25, 2025.

Meeting Date and Time
Thursday, September 25, 2025 at 9:00 a.m. CT

Location
Cordell Hull Building
Conference Room C, 8th Floor
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Bridget Dorse at (615) 741-7063 with the Tennessee Consolidated Retirement System no less than two (2) days prior to the scheduled meeting date to allow time for the Treasury Department to arrange for an accommodation. You may contact the Tennessee Consolidated Retirement System at 502 Deaderick Street, 15^th Floor, Andrew Jackson Building at (615) 741-7063 or the Board Administrator Jamie Wayman by email at jamie.wayman@tn.gov.

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Documents to download

TCRS Investment Committee PublicMeetingNotice 09.25.2025(.pdf, 126.85 KB) - 78 download(s)
TCRS Investment Committee Agenda 09.25.2025(.pdf, 138.05 KB) - 96 download(s)

Past Meetings (2022 and Prior)

Date and Time	Location	Agenda/Minutes
Thursday, October 6, 2022 9:30 am CT	Cordell Hull Building Conference Room D 425 Rep. John Lewis Way North Nashville, Tennessee 37243	Audit Committee for the Chairs of Excellence Trust and the College Savings Trust Fund - Public Meeting Notice Audit Committee for the Chairs of Excellence Trust and the College Savings Trust Fund - Agenda
Thursday, October 6, 2022 10:00 am CT	Cordell Hull Building Conference Room 8D 425 Rep. John Lewis Way North Nashville, Tennessee 37243	Board of Trustees - Public Meeting Notice Board of Trustees Agenda and Materials
Thursday, October 8, 2020 10:00 am (CT)	Virtual meeting via Webex	Board of Trustees - Public Meeting Notice Board of Trustees Agenda and Materials
Tuesday, October 1, 2019 10:00 am (CT)	Tennessee State Capitol (ground floor) Executive Conference Room 600 Martin Luther King Jr. Nashville, Tennessee	Meeting Agenda
Thursday, October 4, 2018 10:00 am (CT)	Tennessee State Capitol (ground floor) Executive Conference Room 600 Martin Luther King Jr. Nashville, Tennessee	Meeting Agenda
Wednesday, October 11, 2017 10:00 am (CT)	Tennessee State Capitol (ground floor) Executive Conference Room 600 Martin Luther King Jr. Nashville, Tennessee	Meeting Minutes
Wednesday, October 5, 2016 10:00 am (CT)	Tennessee State Capitol (ground floor) Executive Conference Room 600 Martin Luther King Jr. Nashville, Tennessee	Meeting Minutes
Tuesday, October 13, 2015 10:00 am (CT)	Tennessee State Capitol (ground floor) Executive Conference Room 600 Martin Luther King Jr. Nashville, Tennessee	Meeting Minutes
Thursday, December 17, 2015 10:00 am (CT)	Legislative Plaza Room 30 Nashville, Tennessee	Meeting Minutes

Spending Plan Revisions

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

View Chairs of Excellence Trust Financial Statements and Investment Reports

Financial Statements on desk

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