CON Faculty Practice Fund

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Faculty Policies

UNIVERSITY OF NEBRASKA MEDICAL CENTER COLLEGE OF NURSING
Faculty Practice Fund	Policy: 1306 (4.2.8)
Faculty Policies	Originating Date: May 2017
Responsible Reviewing Agency: External Affairs Committee Executive Council	Revised: October 2018 (changes) Revised: November 2023 (changes) Revised: December 2025 (changes)
Referenced Documents: 1306-PR Requesting Funds from Faculty Practice Fund

Purpose

The purpose of this fund is to support faculty practice initiatives for the College of Nursing (CON).

Scope

The policy applies to all faculty of CON who have a practice contract through the Morehead Center for Nursing Practice (MCNP) that contributes to the Fund.

Policy

• The Fund will cover, based on requests and availability, faculty development and scholarship activities. These funds will be distributed based on the scholarly merit of the project or the contribution the activity will make to furthering faculty practice at the CON.
• Disbursement of funds to practicing faculty are NOT based on the revenue brought into the account by any individual faculty member but are, instead, equally available to all faculty who are engaged in practice and have a “practice” contract (or equivalent) through the MCNP.
• TPP Administrator will work with division specific support staff to follow standard University reimbursement procedures. Special requests will be managed on an individual basis.

Management of the Funds

• The Fund is co-managed by the MCNP and the Faculty Practice Committee.
• The MCNP will present a summary of the budget of the Fund to the Faculty Practice committee at least every quarter and prior to the dates when requests for funds are submitted.
• An Annual Report is prepared every May that will describe revenue and disbursements and will be submitted to the dean and Executive Council at the May Meeting.

Faculty Requesting Funds

See Appendix Z for the procedure.