In 2011, the Board explored the feasibility and desirability of establishing an endowed professorship program at a leading research university or teaching hospital focusing on ophthalmic education. Preliminary groundwork proved positive and in 2012 the President formed a committee of Board members to further explore this idea.
Advantages to the Foundation of endowing a professorship identified by the committee included the fact that an endowed professorship would be consistent with the Foundation's mission, it would provide a perpetual benefit to the Foundation from a one-time investment, it would promote visibility of the Foundation, and it would create a new partnership legacy for the Foundation. Advantages to the institution identified by the committee included the fact that an endowed professorship would provide the institution with a financial resource, it would be consistent with the institution's mission statement, and it would provide publicity for the institution.
In August 2013, the committee recommended, and the Board subsequently approved, committing $2 million, matched dollar for dollar, to establish the first endowed professorship to be named:
In August 2015, the committee again recommended, and the Board subsequently approved, committing another $2 million, matched dollar for dollar, to establish the second endowed professorship to be named:
"Knights Templar Eye Foundation Inc., Professor of Ophthalmology"
Thomas McCarthy Bosley, M.D.
The Wilmer Eye Institute of Johns Hopkins University