Brown and White Vol. 92 no. 33

              lehigh university brown and white vol 92 - no 33 bethlehem pa tuesday february 17 1981 215 861-4184 former hostage to speak at commencement by kevin kenna and anne fitzpatrick col thomas schaefer 53 one of the 52 american hostages held captive m iran will deliver the address at this year's commencement exercises according to jack archibald 81 senior class president archibald said schaefer was a good choice for speaker because of every thing he's been through he can't help hut inspire us he added walter cronkite bob hope milton friedman and art buchwald all declined offers to speak at the gradua tion ceremonies archibald stated these four men were included m a sur vey last semester that asked seniors for their commencement speaker preferences commenting on the search process he said the important thing is that we have been receptive to the senior class ideas it's not that we haven't tried to get who they've asked for the senior class works with the dean of students office and university presi dent deming lewis on the selection of a commencement speaker recommenda tions are also accepted from the faculty and staff schaefer a native of rochester ny currently residing m falls church va was secretary social chairman and pledge chief at beta theta pi fraternity while he was a university undergradu ate he was also co-captain of the var sity swimming team manager of the varsity football team and a member of the student government and glee hub his awards and decorations include the bronze star air medal air force commendation medal and meritorious service medal with one oak leaf cluster archibald said he thinks schaefer is a timely speaker and he hopes the seniors are pleased with the selection several seniors conveyed their thoughts about the choice i don't like the idea because he is a man of renown only for the moment if he hadn't been a hostage then he wouldn't be the speaker said marybeth edelen 81 lucy amerman 81 said i don't know anything about him and i don't know if he's a capable speaker i hope he doesn't speak about his detainment m iran because i don't want a depressing speech at graduation lack mcgowan 81 disagreed say ing i'm very impressed it'svery perti nent to our national situation col thomas schaefer before being taken hostage m iran endowment fund requires 5 million annually by tom dipiazza additions to the endowment fund must average 5 million annually over the next five years if endowment earnings are to retain their present percentage of the total university budget according to john woltjen university vice president and treasurer it's going to be difficult to achieve woltjen said the university has aver aged 1.7 million m annual additions to the endowment fund over the last 10 years last year the development office recorded a 4.3 million addition to the endowment fund including a record 3.4 million m bequests the university aver ages's6oo,ooo m bequests according to ferdinand thun adviser on bequests and trusts for the development office both woltjen and robert holcombe assistant vice president for develop ment agree that the university will probably be unable to raise 25 million m additional funds for the endowment over the next five years i think that there probably will be a little hole holcombe said the development office is expected to collect 15.75 million during that period according to holcomb although he says we'll probably do better than that endowment earnings currently represent 7.5 percent of the university's budget if it fails to increase with the projected 12 percent annual increase m the university budget during the next five years additional funds will be obtained from other areas woltjen said the net result still falls back on tui tion woltjen said he added that m addition to tuition increases financing may also come from investments and cuts m expenditures the value of the university's endow ment fund ranked 48th at the end of 1979 when compared to other private institu tions holcombe and woltjen agree on the importance of the university raising more endowment money lehigh has never been a heavily endowed school holcombe said lehigh needs more endowment woltjen says that from a management viewpoint the endowment fund has added increased importance to protect pur programs and to be m a position to enhance them endowment is going to be a decisive factor m the years ahead woltjen said we need to do everything possible to maintain the strength that we have received he said the university's endowment fund compares unfavorably to other institu tions for two reasons according to hol combe first the university only began a real development effort m 1947 while other schools have been at it for much longer a second reason concerns the nature of the university's alumni typically individuals who come to lehigh didn't come with a whole lot of wealth holcombe said although they do well upon graduation as an example holcombe cited jack barnett 54 an alumnus whose bequest to the university is valued at 1.5 million barnett attended the university on a scholarship holcombe characterized university alumni as loyal a record 52 percent made cont ributions to t he university last year he said in an effort to increase contributions to the endowment fund the development office is using representatives from the graduating classes of 1922 through 1946 to contact their classmates this was our big step-in securing more bequests and trusts holcombe said working with people from each class each year we get better results from thai program said ferdinand thun adviser on bequests and trusts the development office also uses a phone-a-thon to contact alumni which has been very successful m the past hol combe said bottoms up tb&w phulo t>y laura rijthsf i i q this view of the alumni memorial building is usuall only appreciated while one is birdwatehing slipping on the ice or waking up after an unusually wild weekend schaffer leaving position taking research equipment by anne i.oi'ntzis associate chemistry professor ste phen schaffer has accepted a teaching position at an alabama medical school according to frederick fowkes chemis try department chairman schiller who will leave march 1 refused to comment on the move saying that any statement would be uncomplimentary in addition to a 10,000 salary increase state money will be available for research and support for graduate studies fawkes explained the uni versity receives no state funds for research the graduate research pro grams are more interesting there because of the additioinal funding fowkes also noted that schaffer will be teaching graduate students as opposed to undergraduates according to fowkes schaffer brought 60,000 worth of equipment with him to the university through grants from the national institute of health nih schaifer will be taking the equipment with him fowkes said the grant stip ulates that if the professor moves the grant equipment goes w it h him there is nothing we can do schaffer is currently teaching chemis try 397 and a temporary replacement from st luke's hospital has been hired the permanent replacement will be a problem for the new chemistry chair man who will be joining the department on july i fowkes added the search will begin m march we are planning to discuss the formation of a search com mittee and initiate advertisements for the position i thought that the replacement see studknts page 9 inside police image p 4 contraception p 6 colin clinches match p 12