A $2.5 million endowment to the University of Wisconsin Law School has established the John W. Rowe Faculty Fellowship Fund.
The money came from two separate gifts from Exelon Corp., which is marking the upcoming retirement of its CEO, UW-Madison and UW Law graduate John Rowe.
Exelon made an initial $2 million gift in late 2011 that created the Exelon Corporation Faculty Fellowship Fund. An additional $500,000 gift in honor of Rowe will now be combined with that to establish the renamed John W. Rowe Fellowship Fund.
The gifts will be used to establish up to four new faculty fellowship funds, which will support retaining mid-level faculty members, according to the school. The university plans to use $1 million to start the first fellowship and $1.5 million to solicit matching gifts with a goal of reaching $4 million for faculty support.