Stanford recently received a major gift from Setsuko Ishiyama that endows the head coaching position for Stanford women's basketball. Mrs. Setsuko Ishiyama and her late husband George Ishiyama (pictured below with their family) have long been great supporters of Stanford University.
Stanford Athletics says of coaching endowments:
Functioning much the same way as endowed professorships do, the payout from these funds is used to help pay the salaries of coaches. This eases the burden on the athletic department's annual operating budget and ensures the longevity of specific programs by providing coaches' salaries in perpetuity. A coaching endowment is a source of pride and prestige for the coach.
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