NEWS
WEDNESDAY, SEPTEMBER 14, 2005 KU ENDOWMENT
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THE UNIVERSITY DAILY KANSAN
Organization recovers losses
BY FRANK TANKARD
ftankard@kansan.com
KANSAN STAFF WRITER
The Kansas University Endowment Association made significant gains in the stock market this year and has appeared to offset losses incurred during the recent recession.
After the market values of the association's endowed funds dropped 14.4 percent from $855.5 million in 2000 to a low point of $732.2 million in 2002, the value climbed back to $849.3 million in 2004.
Dale Seuferling, president of the Endowment Association, warned against making too much out of yearly gains or losses.
The market value has not been released for fiscal year 2005, but the association has reported a 13.7 percent return on investments, showing the association has bounced back significantly since the stock market went down.
"Our horizon is 50 years,100 years," he said. "We're not so focused on one-year or two-year returns."
When the Endowment Association receives a donation, it invests
that money in stocks to accrue interest before making a contribution to the University.
The Endowment Association provided $76.6 million to the University in 2004, which helped fund scholarships, endowed professorships, research funding and building improvements.
The losses of the Endowment Association that followed the downturn in Internet and technology stocks at the start of the century mirrored losses of endowment associations nationwide. Its recent gains have also been paralleled by other universities.
When the association posted a rise of 18.1 percentage points on annual returns on investments for fiscal year 2004, the nationwide average rose 12.1 percentage points, according to a survey of 747 universities by the National Association of College and University Business Officers.
The association hit a low in investment returns in 2002 when it lost 7.9 percent on its investments. The national average that year was a 6-percent loss, according to NACUBO.
While it was losing money in the stock market, the association
Jonathan Kealing/KANSAN
benefitted from KU First, a large-scale fundraising campaign that operated from 1998 to 2004. The fundraising campaign raised $653 million, exceeding its initial $500 million goal.
Jeff Davis, senior vice president of finance and treasurer of the Endowment Association, attributed the association's ability to bounce
back in the market to investing in a wide variety of stocks and bonds rather than overinvesting in hightech stocks.
"It's a very high-quality, well-diversified portfolio," he said. "I don't think there's been any one major, dramatic change to it."
- Edited by Alison Peterson
Kiosk allows students to show their art
CAMPUS
Each semester, Kiosk accepts student poetry, creative fiction, non-fiction, art and photography. According to the Web site www.ku.edu/~kiosk students also are encouraged to send explanations of their works to better design their creations.
Kiosk, the student art and literature magazine of the University of Kansas, is taking these submissions until Sept. 21. Students are asked to limit essays to 3,000 words and poems to 200 lines.
Selections will be accepted by e-mail as Word attachments to thekiosku@hotmail.com or by mail to 3114 Wesco Hall. For hard copies,
five typed copies of the work are required. All entries must include name, KUID, phone number and title of the work.
Art submissions must be on high-quality prints no larger than 8.5 by 14 inches or on a disc accompanied with a print out.
— Malinda Osborne
Professor plans novel after winning award
An assistant English professor at the University of Kansas is using a $10,000 writers award to work on her first novel.
Brebecca Curtis will be honored Sept. 22 in New York City for winning the Rona Jaffe Foundation Award.
The award honors Curtis and five other women as emerald writers.
organization of the ROTC program.
Her novel is based on the true story of a woman who escaped from the Armenian genocide of the early 1900s.
The woman later cared for Curtis' mother, and Curtis referred to her as auntie, although she wasn't related to her.
John Jordan
Curtis said she would use the money to travel to Turkey and Armenia for research on the novel.
Brinkley, a University of Kansas Army ROTC Jayhawk Battalion staff member, has been named 2005 Supply Technician of the Year.
The Command program presents the Incentive Award for Excellence to the top performers in the program from across the country.
ROTC member gets excellence award
"This award says to me that I must be doing my job right," Brinkley said. "But my true reward is seeing our cadets grow and mature to become the best commissioned officers in the U.S. Army."
Cindy R. Similek Brinkley was honored by Cadet Command, the parent
Brankley has been involved with the University's Army ROTC program for the past two years. She is a retired Army supply staff sergeant previously based in Fort Riley.
Ryan Schneider
CORRECTIONS
Yesterday's University Daily Kansan contained an error. In the article "Coalition alleges partiality" KUnited was found to have committed five violations of the election code.
The Sept. 9 University Daily Kansan contained several errors.The story "LMH proposes expansion of its facility" should have said that eight years ago,15,000 patients visited Lawrence Memorial Hospital's emergency department, while 29,000 visited the department last year. LMH spokeswoman Michele Berendsen said the hospital wanted to increase square footage of the emergency department by up to 50 percent. She said the surgical facility would be enhanced, because the current facility was 20 years old and was not prepared to meet the demands of changing technology and patient flow.
- Monday's University Daily Kansan contained an error. The article "Nationwide shortage forces clinics to choose," though correct when written, was out-of-date when published. Watkins Memorial Health Center has about 250 meningitis vaccines currently on hand. In addition, 76 percent of students living in on-campus housing have received meningitis vaccines, 5 percent have signed a waiver indicating they do not wish to receive the vaccine and 19 percent remain noncompliant.
♦ Tuesday's University Daily Kansan contained an error. The cutline with the overline "Buffed Jay-hawk" identified Kim Tefft as his father, Elden Tefft
ON CAMPUS
- The Study Abroad Information Fair will be held from 9:30 a.m. to 3:30 p.m. today at the main lobby of the Kansas Union.
♦ Student Union Activities is hosting an informal chess tournament at 6 p.m. today in the Hawk's Nest of the Kansas Union.The winner will receive a Master's chessboard and a gift certificate. ON THE RECORD
♦ A 22-year-old and a 20-year-old, both KU students, reported being hit in the head with beer bottles about 1:05 Sept. 11 at the 1300 block of Ohio Street.
A 20-year-old KU student reported that $1,690 in valuables was stolen from a residence sometime between 10 p.m. Sept. 9 and 11 a.m. Sept. 11 from the 2500 block of West Sixth Street.
♦ A 27-year-old KU student reported $400 in damage to a Mazda Protege sometime between noon Sept. 10 and 9:30 p.m. Sept. 11 at the 300 block of West 14th Street.
♦ An employee of City Wide Security reported $100 in damage to a toilet sometime between 6 a.m. and 2:30 p.m. Sept. 11 at the 1500 block of Sigma Nu Place.
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