This report discusses the use of faculty mentoring programs to empower faculty and ultimately benefit the institution and improve the quality of higher education. It synthesizes the literature on mentoring in terms of conceptual frameworks, mentoring arenas, and roles and functions of mentors and proteges. The first section provides a general history and background of mentoring and a synopsis of mentoring in the field of education. The second section focuses on corporate mentoring, differences between mentoring in business/industry and academic settings, and the benefits of mentoring in the workplace. Section 3 discusses primary mentoring frameworks and theories and offers a comparison of mentoring concepts and functions. It is followed by a discussion of mentoring and faculty development. The next two sections offer specific information on the mentoring of female and minority faculty members. A section on the application of mentoring presents recommendations, guidelines, suggested qualifications for mentors and proteges, and models of mentoring. The final section provides conclusions and recommendations. Recommendations include raising campus awareness about the importance of mentoring, establishing a mentoring program with faculty assistance and input, providing recognition to those who participate, and providing support through institutional resources. An appendix lists 17 faculty mentoring programs. (Contains approximately 150 references.) (DB)