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: Executive Council	Revised: October 2018 (changes) Revised: November 2023 (changes) Revised: August 2025 (changes) Revised: June 2026 (changes)

Purpose

The Faculty Practice Fund operates as a practice-based scholarship dissemination and professional development support mechanism for eligible faculty practitioners.

Scope

This policy applies to all College of Nursing (CON) faculty who maintain an active faculty practice appointment through the Morehead Center for Nursing Practice (MCNP) and whose practice activities result in sustained contribution to the Faculty Practice Fund for the majority of their contracted faculty practice period.

Policy

The Faculty Practice Fund is to support the dissemination of practice‑based scholarship, with additional support for ongoing, equitable professional development and continuing education for faculty practitioners engaged in practice through the MCNP, in alignment with the mission and practice priorities of the CON.

Eligibility

Faculty are eligible for Faculty Practice Fund support if they:

• Hold an active faculty practice appointment through the MCNP, and
• Maintain a current practice agreement that contributes regularly to the Faculty Practice Fund.

Eligibility is contingent upon active participation in practice through MCNP.

Faculty Practice Fund support is not prorated based on faculty rank, FTE, or percentage of practice allocation, provided eligibility criteria are met.

Administration and Oversight

• The Associate Dean for Transformational Practice and Partnerships has final oversight of any program funds utilized by the MCNP
• The Faculty Practice Fund is intended to support the ongoing vitality, visibility, and effectiveness of faculty practice within the CON, and funds will be stewarded to ensure continued availability for current and future faculty practitioners.
• The MCNP is responsible for administering the Faculty Practice Fund and tracking eligibility, accrual, and balances.
• The MCNP oversees this policy in collaboration with the Associate Dean for Transformational Practice and Partnerships and the Executive Council to ensure appropriate stewardship of funds and alignment with CON priorities.
• Questions regarding the appropriateness of specific expenditures not explicitly listed in this policy will be reviewed and determined by the Director, MCNP or designee, in alignment with CON and University policy.