Brown and White Vol. 95 no. 6

              lehigh university brown and white vol 95 — no 6 bethlehem pa friday september 23 1983 215 861-4184 value of endowment fund increases 30 million by pete trumbore the value of the university's endow ment fund has increased by 30 million from 72,277,000 as of june 30 1982 to 102,502,000 as of june 30 1983 according to university vice president and treas urer john woltjen this is an historic event woltjen said it's the first time the university has broken the 100 million barrier woltjen pointed out that this increase is in the value of the university's securi ties and not in actual capital of the increase 5,153,000 came from approxi mately 100 gifts made to the university and realized capital gains amounted to 939,000 which came from the sales of securities during the course of the year the remaining 24,182,000 is in unreal ized gains in other words the paper value of the stocks according to woltjen the stock value increase is due principally to the improvement of the economy he added that in june of 1982 the value of the endowment was 7 million below book value the original total purchase price of the stocks things were rather depressed at that point he commented woltjen stressed that even with the large increase in the value of the endow ment fund the university doesn't have an extra 30 million to spend what the university does have he said is the divi dends from the stocks the income from the dividends goes towards the uni versity's operating budget he said and its eventual purpose is to help lower tuition the money in the endowment fund is based upon gifts to the university either bequests from the estate of a deceased person or individuals in their lifetime giving specifically to the endowment fund woltjen said this money is then taken by three equity management firms and invested for the university's best interest these three management firms have been employed at the university since december 1980 at that time the entire value of the endowment fund was approximately 59 million since then there has been an increase of 16 million in new money and a 27 million increase in the market value of the fund even with the university's endow ment over the 100 million mark the uni versity ranks near the bottom in comparison to the institutions with which the university compares itself the university ranks tenth out of 13 institutions in the amount of endowment per student with an average of 13,200 per full-time student ranking first on this list is princeton university with an average endowment per student of 153,200 followed by massachusetts institute of technology with an average endowment per student of 49,100 according to woltjen the size of the endowment is an area the university will have to be increasingly concerned about while woltjen said that improvements have been made the increases have not come quickly enough or in large enough amounts to keep up with rising costs and inflation if there is not a quicker increase we finally dr ruth westheimer arrived at grace hall an hour late but made her audiences wait worthwhile the woman who trained the best lovers in the tri-state area delighted the crowd with her explicit references to sex see story page 6 university discusses goals at 3-day retreat in poconos by peter trumbore in june the university's board of trustees faculty and administration embarked on a year-long process to study and develop the university's goals for the next decade university presi dent peter likins said at a three-day retreat held in the poco nos problems affecting the future of the university were discussed among members of the board faculty adminis trators and representatives of the forum this was not a series of formal presentations but rather small group discussions likins said problems in three different areas were discussed undergraduate graduate and faculty one of the major problems affecting the undergraduate situation in the future will be the declining number of graduating high school seniors there was a 33-percent drop in the number of 18-year-olds in new york pennsylvania and new jersey the three states where the largest percentage of our students come from likins said how this will affect the university was discussed in addition the problem of rising tui tion rates was examined tuition growth has been very dramatic in the past likins said and this cannot continue the quality of student life was also dis campus life committee cites goals by kathy goldstein the improvement of campus life and changes in residence life social life and student-faculty-administration relations are goals of the campus life committee of forum xiv according to jeff brot man 85 committee cochairman at a meeting wednesday the commit tee discussed and approved the changes or goals of the committee and its sub committees for the coming year overseeing the social regulations working on a university code of conduct and mediating disagreements between campus organizations on matters of social conduct will be the main tasks of the social policy subcommittee brot man explained the university code of conduct is a set of guidelines for behav ior that will probably be adopted initially by the interfraternity council ifc then will be adapted and adopted by the forum for the entire university we're aiming at a code that people agree on rather than restrictions said hugh flesher university chaplain and committee cochairman the social regu lations were put into effect with little stu dent input because of an emergency situation now we are looking for a style of behavior where people take the initiative for conducting themselves in a responsible way he explained the cultural life subcommittee chaired by steve bufferd 85 and robert leight professor of education curriculum and instruction will work to identify the needs of the university in non-academic areas according to brot man a survey conducted two years ago brought about changes in social and cul tural programming on campus but nothing has really been done since then ' ' bufferd said weplantotalktoasmany people as possible to re-evaluate attitudes the cultural life subcommittee also plans to initiate assist with and advise on projects that bring students and faculty together in non-academic set tings according to their charges the campus-wide christmas party and pre sidential ball were examples cited by brotman bufferd also said the subcommittee wants to become involved with other campus organizations to plan big events for closed party weekends we'd like to see people want to stay at school during closed party weekends instead of just packing up he added the residence life subcommittee will be involved with anything having to do with the residence system at the univer sity according to cynthia craig 84 subcommittee cochairman according to their charges the subcommittee will work with the residence life staff and other administrators to develop a new program for the selection and placement of students in residence halls a survey of other schools placement lottery systems will be used in the evaluation of the university's system craig said the subcommittee will also work on plans for the use of taylor hall next fall and will continue to monitor the sorori ties move from saucon married and graduate students smags housing and its effect on the residence system according to craig a new subcommittee special hous ing plans to assist in planning sorority housing develop a room-by-room coed housing paeposal and investigate other special housing such as social dorms and residential colleges the subcommittee was created because the residence life subcommittee became burdened with too many issues last year brotman explained the special housing sub committee will work very closely with the residence life subcommittee he continued brotman and flesher said they were very encouraged by the attendance at the meeting i hope the enthusiastic response will continue brotman said it indicates that students are more accepting of the forum and more inter ested in becoming involved unregistered males to lose financial aid beginning october 1 by michelle cenis beginning oct 1 all male stu dents over 18 years of age who do not register with the selective ser vice will be in jeopardy of losing financial aid according to william stanford director of financial aid at the university the soloman act passed by con gress in april 1983 requires all col leges and universities to cancel federal aid if eligible students are not registered stanford explained for the administration this is a matter of law not choice he added if the university does not comply with the legislation there are problems of liability and the possibility of losing the federal aid program altogether stanford said stanford said the act is poorly devised and born of ignorance the selective service could have easily see goals page 5 see unregistered page 5 see endowment page 5