With chancellors leaving Wisconsin's public campuses for jobs that pay tens - perhaps hundreds - of thousands more annually, university leaders are looking at whether private foundations could provide extra money to help retain them.
A task force scheduled to meet Wednesday in Madison will hear from faculty, students and staff on what tools are available to respond to declining state funding for higher education. Among their charges: making recommendations to the Legislature on how to give the UW System more flexibility in attracting and retaining top talent.
The task force recently sought a legal opinion on which state laws would have to be amended to allow private foundations on UW campuses to establish funds that would offer financial incentives to chancellors to stay for a specific period of time.
Some private UW foundations already have arrangements to cover a portion of chancellor salaries, though the total pay still must fall within a range approved by the UW Board of Regents. Foundations currently are not allowed to offer extra financial incentives.