Upon notification of the Chair award, each awardee must complete a Stipend Allocation Form (available in the Forms Cabinet) (obtaining signatures of the respective dean and department chair), and forward the form to the CRC coordinator and advisor.
The awardee can choose to:
- take all of the stipend as a salary supplement,
- direct the stipend into a Chair research trust account, or
- apportion the stipend between salary supplement and research trust account.
That portion of stipend taken as a salary supplement will be income taxable as normal salary. The awardee has the option to change the allocation of the stipend once annually, on or before July 1 of each year, by submitting a revised Stipend Allocation form to the CRC coordinator and advisor.