An "Endowed Chair" is a prestigious academic position at a university, funded by a donation or endowment. This financial support allows the institution to attract and retain top faculty members in specific fields, enhancing research and teaching quality. The funds typically cover salary, research expenses, and other academic activities. Endowed Chairs often carry the name of the donor or a significant figure in the field, such as Albert Einstein or Marie Curie. These positions not only elevate the university's reputation but also contribute to advancements in knowledge and innovation within the respective discipline.