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The University Daily KRNSAN, Page 7
Endowments: Icing on the Cake
Bv CHRIS STEVENS
The University of Kansas Endowment Association has provided landmark buildings and services that have raised KU above medicio, but the association lacks resources for supporting funding by the Kansas Legislature.
"The association could keep the lights on—that's about all—if state funds were stopped," says Rick Whitson, director of the Endowment Association's Greater University Fund.
"The Endowment Association is a large association, but compared to private schools like Harvard, we're just out of their league."
The Endowment Association is a separate foundation at KU that administers and manages private gifts to the University. Its motto, "to build a better University than the University," describes the association's purpose.
Irvin Youngberg, executive secretary of the Endowment Association, says the association can't cover the entire expenses of the University, nor was it set up to do so. The association will only supplement state annotations.
"Private benefaction will never take over public funding of an institution," says Youngberg.
"To meet absent state funds, tuition would jump incredibly," says Whitson, "but the alumni would probably rally around more than now, even though the state pays around half."
Gifts donated through the Endowment Association, all tax deductable, have expanded the campus and its facilities.
"What, indeed, would KU be without private support?" asks Youngberg.
"Iname KU without the museum, Danforth Chapel, the scholarship hall, the library, the campus, Memorial Stadium and without Spencer Library. I imagine it on a campus one-third as large—that would be KU without the museum."
"Ninety per cent of the Lawrence campus came from private gifts. And all this applies doubly to the Medical Center. The Med Center started with private funding. Most of the funds were obtained through private sources."
Of the 530 acres on the Lawrence campus, 84 were bought with private gifts and only 90 were bought with state funds.
The Lawrence campus has nearly 80 buildings, 32 of which were totally or partly financed by the Endowment Association.
KU has 24 endowed professorships whose salaries are substantially more than state salaries and are drawn from endowed funds.
Last year, the Endowment Association gave $20,340,000 to the Lawrence and Kansas City campuses. The Lawrence campus received $18.5 million. Money was used for building the Moore Hall, furnishings, books, salaries, art work and grants. A total of $1,433,084 was awarded in scholarships and fellowships. Loans to students and faculty totaled $2,092,500. The remainder went to the Medical Center for operating expenses of the association.
The latest report of the Council of Financial Aid to Education ranks the institution as a port to a public university or college. In fiscal 1973, alumni gave the University $3.5 million. In comparatively lower education alumni gave K-State $50,569.
The Endowment Association was formed to reach where state funds can't, especially when tax funds are limited. In fiscal 1973, KU's budgeted expenditures to be paid with state funds totalled $281,184.84. The amount of the state funds that was $74,222,603, which included state appropriated, student fees and restricted fees or research and government grants.
Academic areas must be the responsibility of the state, Youngbegg says. Maintenance, staff and classrooms are provided by state funds, yet practically every discipline is of space and teaching aids, he says.
The Endowment Association helps the University fund newly initiated programs not yet in the state budget. New positions like assistant director of research funds held by David Dary, are temporarily financed by endowed funds.
Another example of the Endowment Association lending a helping hand was cited by Whitson. When state salary checks are late, he says, these checks should be made to faculty and staff, which are repaid when state checks are issued.
Gifts are received in various forms, including paintings that now hang in Spooner Art Museum and campus offices, farmland, books and
The Endowment Association administers the gifts through a board of 60 trustees. The Board's working body is an Executive Committee, which consists of association officers, the chancellor and five elected members. Two committees under the Executive Committee are the trustees, which are investment policies, and the Agricultural Committee, which directs policy for the 30,000 acres of farmland.
The Endowment Association's primary consideration is to use the funds exactly as donors have directed. Unrestricted gifts are used with the approval of the Executive Committee.
The Endowment Association invests funds in securities that earn a minimum annual return of 5% per cent. Income from investments finances scholarships, student and faculty loans, endowed professorships and research staffs and funds at the Center. At the same time, the investments continue to draw interest.
Market value of the Endowment Association's portfolio of investments is $39,687.171.
The Endowment Association was started more than 80 years ago when the state of Kansas granted it a charter in Lawrence. As a separate state university, KU's Endowment Association is the oldest of its kind.
Enough money was gathered in 1898 to purchase an electric pipe organ for the chapel in old Frazer Street. A year later, she didn't get set going until the late 1920s.
Chancellor E. H. Lindley and Olin Templin, professor of philosophy and executive secretary of the association, were responsible for the revival, according to Chancellor Emeritus Raymond Nichols.
Solon Summerfield, an Endowment Association trustee, established the Summerfield Scholarship program in 1983. He and by yearly gifts of $20,000 from him and, after his death, was endowed the Summerfield Foundation of New York.
"Olin was responsible for the Summerfield gift and the Watkins gift," says Nichols. "These were the girls that started the revival."
Mrs. Elizabeth M Watkins, also a trustee, gave money for Watkins and Miller scholarship halls, Watkins
Hospital, 24,000 acres of farmland and the chancellor's residence.
"It was like building a snowman," says Nichols. "The hardest job was getting the core made."
In 1948, assets totaled $1,359,000.
They have increased by $38,328,171 in 25 years.
The Endowment Association still has areas to grow in as long as KU continues to expand. Endowments enabled more than 400 acres west of Iowa Street for the West campus to be purchased.
"We are definitely in a strong growth curve and still it is." Youngberg says. "I know within the next two years will be further substantial growth.
"We still have a long way to go in pursuit of excellence. We fall short in areas that could be improved by private funds."
A natural history reservation northeast of Lawrence needs lab facilities, water and utilities. Young-age students will eventually be recreational and educational sites. Laboratories are needed on campus, Watson Library needs to be excavated, furnished with workshops and a faculty club are needed.
And the area of medical research is "a great yawning pit," says Youngberg.
Those are some of the areas the Endowment Association wants to move into.
"But we have all the land we need for KU to grow on the Lawrence campus for the next 25 to 50 years," he says.
"Private funding had to be in the picture to provide the get up and go."
But Kissinger promised to stand by the allies despite the disagreements and proposed the development of a unified energy program to tackle an oil shortage he said would have developed even without the October war.
He defended U.S. support or Israel during the Middle East war, telling the North Atlantic Treaty Organization council that the United States did not respect Europe's interest as the United States.
THE SPEECH WAS KISSIER's first to the council, which is holding a two-day year-end meeting. It was paraphrased for newsmen by U.S. officials who said the secretary emphasized that the alliance cornerstone of American foreign policy.
At one point, Foreign Minister Michel Jobert of France and Kissinger had a sharp opinion that the U.S. would join Jobert said Europe should have been advised before President Nixon and Soviet Communist party leader Leonid I. Brezhnev last June on the prevention of nuclear war.
Kissinger attempted in his speech, however, to heal the wounds that deepened when most of the allies separated them from one another and this stance during the war and its aftermath.
act in unison as well with other countries if peace is threatened.
He said differences between the United States and Europe paled in comparison with the U.S.
INFORMED DIPLOMATS reported that Kissinger disavowed any intention to keep Britain and France out of the Middle East peacemaking process. But he said they also told the NATO ministers both inside and outside the conference room that British representatives would not complicate the peace talks due to begin in Geneva Dec. 18.
First, Kissinger listed a growing Soviet military force which he said was the primary reason for the search for detente. He also said upheaval in developing nations and a number of economic problems have an emergency than differences across the Atlantic.
Syria until it turns over POW list.
Israel says Syria has refused to turn over names of the 102 Israeli POWs believed held in Syria, and the International Red Cross have confirmed the
An Israeli refusal to negotiate with Syria would be a serious blow to chances for the success of the negotiations.
Israeli Defense Minister Moshe Dayan told the Israeli parliament that the refusal to deal with Syria at the Dec. 18 Geneva peace negotiations was a violation of the truce.
Congressional tax experts received the first documents of Nixon's tax returns.
The material Nixon released in disclosing his tax affairs confirmed that he paid about $80,000 in federal income taxes over the past four years and no state income taxes. He asked the Joint Committee on Internal Revenue Taxation to review the returns.
Gas retailers want Phase 4 controls lifted so prices can rise $ 1^{\circ} $ to $ 3^{\circ} $ a gallon.
"We are fighting for our survival," said Charles Binsted, president of the National Congress of Petroleum Retailers during a convention. He made his comment at the same time an industry publication told of rising gasoline prices.
KU 'Preachers' Put Faith In Bible
See Story Page 3
sday, December 11, 1973
Nixon Tapesutor Disclosed
nospirator E. Howard Hunt and
lsa said it would be no problem
million to buy the silence of the
ail Watergate defendants.
fied that the March 22 meeting of watering Gate and the orate committee hearings open seven weeks later.
id newsmen Monday that perts were taking a second look f a June 20, 1972, conversation e President and then-White of staff H. R. Haldeman in an termina what gave an 18-
into evidence at the court
a letter Jaworski wrote Nov.
Fred Buzhardt, White House
past two weeks, Sirca heard what might have caused the 20 tape which was one of naed.
CHINICAL EXPERTS had a tape at a laboratory in Newd returned it to the judge a ring the weekend they asked .Sirica said, adding he hopes to sort by the end of the week.
r, Jaworski asked for the June
The request for an injunction was made by Chester Davis, attorney for Summa Corp., a company controlled by billionaire Howard R. Hughes. The Senate committee has been taking testimony in closed sessions about a $100,000 cash contribution from Hughes to Charles G. "Bebe" Rebozo, the President's close friend.
Dean has testified that a plan to offer executive clemency to Hunt was discussed during those two days. In a related development yesterday, a federal judge appointed the Senate Watergate committee from questioning witnesses in closed sessions.
Rebozo and the President have said the money, held in a Florida bank for nearly $1 billion, could be used to fund a new bridge.
Tapes of telephone conversations on those two days between the President and Colson Brown.
cking to Adjust Fulty Pay Increase
By SUZI SMITH
Penn State Press
4 and tapes. He requested the tape of a meeting between 3:05 p.m. and 4:30 p.m. on June 3 involving the President, Haldeman the Richardianman, then his domestic affairs adviser.
HE ALSO ASKED for the tape of a meeting between 5:16 p.m. and 5:50 p.m. on June 4 between the President and Charles Johnson, then White House special counsel
id he couldn't say how much it increase might be adjusted wed the budget.
Gov. Robert Docking said last there would be "some adade in the 5 per cent salary faculty at state schools that ended at the state budget month.
m that the money has limits.
ne priority may be to faculty
inns. West Virginia State University,
Wichita College and student
of Regents had requested a 10 crease for faculty of the Kansas. James Bibb, budget recommended that faculty be given
at here last night with student
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ldebate live per.基础设施,
she is still asistant against his demands." There choices that have to be made and learning. be said.
udent representatives agreed alary increases were the top air schools.
of KU, called current faculty U a "morale depressant."
representatives also stressed approval by the legislature of a
$770,000 allocation to cover tuition fee waivers at the state schools. The program would give KU and K-State each $100,000, $250,000, and each of the three colleges $89,000.
Seventy-five per cent of the funds would be used to pay athletic scholarships, and the remaining funds would go to music, debate and journalism programs.
Victor Miller, student body president at Kansas State Teachers College at Emporia, said the waver proposal was more timely because of the state's universities. He said the colleges were being hit harder by decreasing enrollments and were finding it increasingly difficult to fund their budgets.
He said that the only way to avoid dropping minor sports and to face the coming enrollment crisis at the colleges would be through the waiver program.
Buckley said that he and Pat Neumust, Salina senior and senior class president, mentioned specifically to Docking faculty members of the colleges in classes and women's intercollegiate athletics.
"The desire for these programs was clearly made." Buckley said. "Now it lies in them, but you don't know."
Neustrom said he thought Docking was very receptive to the student representative.
"I really don't know how much consequence this dinner is going to have on his body."
ge and price controls were lifted from industry but increases limited.
of Living Council said it extracted a commitment from Ford o. and General Motors Corp. to limit price increases for the er of the 1974 model year to an average of no more than $150 a mile. The change from American Motors for an average if no more than $100.
or Corp., the council said, declined to make similar commitments,
ouncil decided to exempt it from controls.
partment of Labor filed suit against milk
lucrators alleging unfair labor practices.
A spokesman for the Associated Milk Producers, Inc. had no immediate comment on the suit alleging that it violated the Fair Labor Standards Act
The Labor Department petition asserts that the association need paying overtime compensation to workers who have worked more than 40 hours weekly at branch plants in Rusk and Sulphur Springs, Tex., and Laurel, Neb.
Gov't, environmental group considering
separate suits on Alaska pipeline monopoly.
The government and the Sierra Club assert that the Alaska pipeline would give oil giants an unfair monopoly.
At least one suit could seek to halt pipeline construction, scheduled to begin within week. Completion of the line, which will tap the rich fields of water, is expected in 2018.
Nixon formally submitted to the Senate
Saxbe's nomination to be attorney general. Nicken picked William S. William E. Saxbe, R-Ohio, to be attorney general more than a month ago but had been unable to make the nomination because the senator was paying $80,000 a year from $80,000 while Saxbe was serving in the Senate.
That constitutional obstacle was removed when Nixon signed into law a bill reducing the attorney general's salary to its previous level.