An "Endowed Chair" is a prestigious academic position at a college or university, funded by a donation or endowment. This financial support allows the institution to attract and retain top faculty members, providing them with resources to conduct research and teach. The chair is often named after a donor or a significant figure in the field, honoring their contribution to education. Endowed chairs are typically associated with specific disciplines, such as engineering, medicine, or literature. They enhance the institution's reputation and can lead to advancements in knowledge and innovation, benefiting both students and the broader community.