The Tufts Daily Volume Lxxx, Issue 53
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THE INDEPENDENT STUDENT NEWSPAPER OF TUFTS UNIVERSITY EST. 1980 THE TUFTS DAILY VOLUME LXXX, ISSUE 53 MEDFORD/SOMERVILLE, MASS. MONDAY, DECEMBER 7, 2020 tuftsdaily.com WINTER EDITION 2020 Tufts’ long term assets see return of 3.7%, endowment grows in 2020 fiscal year by Jack Hirsch Craig Smith, co-chief invest- one-year basis, the best assess- “Each year, the value of the Smith explained the different Contributing Writer ment officer ad interim, wrote ment of the TRP performance is TRP changes due to investment ways in which the endowment in an email to the Daily that relative to its reference bench- returns, new gifts to the endow- and the revenue generated from Tufts’ Total Return Pool, where this return met the university’s mark, which returned 3.0% for ment, and annual distributions its investments impact the uni- a majority of the university’s long- expectations. the fiscal year. For context, broad from the TRP to support the versity and its students. term assets are invested, saw a return “In any given year, the per- global equity markets returned university’s operations and mis- “One hundred percent of funds of 3.7% for the fiscal year 2020. The formance of the primary endow- 2.1% during this period.” sion,” Smith said. from the endowment work to sup- endowment grew from $1.91 billion ment portfolio (the ‘Total Return According to Smith, the TRP The university’s Annual port the university’s good works and at the end of FY 2019 to $1.94 billion Pool’ or “‘TRP’) will be heavi- grew from approximately $1.98 Financial Report disclosed that its mission of being a student-cen- at the end of FY 2020, according to ly influenced by global capital billion to $2 billion during the $1.7 billion of that $2 billion Tufts’ Annual Financial Report. market returns,” he said. “On a 2020 fiscal year. belongs to the endowment. see ASSETS, page 2 FEATURES TCU Senate unanimously What’s up with winter? passes EP/F resolution by Katie Furey and Keira Myles flops. It’s very different coming in November, with the coldest voting in favor, none opposed Staff Writer and Contributing Writer here,” Jaramillo said. stretch occurring in either late by Alexander Janoff and none abstaining. Jaramillo said she applied to January or early February, which News Editor In speaking about the resolu- The first snow of the fall colleges in the Northeast desiring is usually when the most snow tion, which will call on Tufts faculty semester came the day before a change of scenery. However, falls. Boston acquires an average The Tufts Community Union to vote in favor of extending Tufts’ Halloween. Spirits were high. after experiencing a taste of the of 43 to 45 inches of snow by the Senate passed a resolution and Exceptional Pass/Fail grading into Tufts students rejoiced in cel- cold, Jaramillo said she doesn’t end of the season. heard end-of-semester “State of the spring semester in its facul- ebrating the snow’s descent, want to live in the north for long. Lemanowicz said this year is the Union” addresses from TCU ty meeting, the authors discussed embracing the joy of their inner “I’d rather be warm than cold. following the La Niña weather Senate Diversity Officer Mathew the message of the resolution. child. Jumbos snowboarded, Also, I don’t like to be bundled up. pattern, similar to fall 2011. Peña, TCU Senate Treasurer “I think the resolution is spe- inner-tubed and sledded down I like to wear dresses. I’m young, “When it’s La Niña, it just Sharif Hamidi and TCU President cifically important to send a clear President’s Lawn’s winter won- I should be showing off my body. means that the water in the equa- Sarah Wiener, in its last meet- message on behalf of students derland of a hill. How are you going to see me in torial Pacific is colder than aver- ing of the semester on Sunday. and from the Senate to faculty,” Audrey Jaramillo, a first-year, my winter coat? You’re not! It’s not age, and that will change the pat- Members also reviewed supple- Wiener said. spoke of her time experiencing flattering,” Jaramillo said. tern of the weather,” Lemanowicz mentary funding requests. “It’s just really important for her first New England snow after Local meteorologists who said. “The atmosphere is con- After TCU Senate Historian us to weigh in and I think it’s a living in sunny Miami, Fla., her are more accustomed to Boston nected everywhere, and if you Sarah Tata led a brief roll call really good opportunity for us to entire life. winters weighed in on what they make a blip in it somewhere, it’s and the body welcomed its newly exercise our function as student “This snow was falling and I thought of the pre-Halloween going to reverberate around the elected members, TCU Senate government and endorse this felt the coldness in my bones … snow. Kevin Lemanowicz, chief globe, sort of like throwing a rock Parliamentarian Taylor Lewis and vote for this so that there is It was pretty though. It was fun meteorologist at WFXT Boston in a puddle.” led the body in a discussion a record and a strong message,” to crunch the snow and step in it. 25 in Dedham, Mass., explained During the 2011 La Niña year, of a resolution calling on Tufts Gebetsberger said. The festivities looked fun. I saw that having snow in October is there was a large snowstorm just University to extend Exceptional Tufts faculty will meet for a people sledding and doing snow not usual for the Boston area, but before Halloween that was fol- Pass/Fail grading for the spring final time on Dec. 11. According angels so I feel like that’s fun,” an early snowfall doesn’t normal- lowed by a mild November. That 2021 semester. to Wiener, it is likely the resolu- Jaramillo said. ly accumulate as much as it did winter, Boston saw only nine The resolution, authored tion will be read in front of the Jaramillo reminisced about this October. inches of snow for the entire sea- by TCU Vice President Grant faculty before its vote. the contrast between Medford “Boston had a record snow- son, and every month witnessed Gebetsberger, Africana After the successful passage and Miami winters, noting that fall, 4.5 inches of snow … That temperatures about five degrees Community Senator Amma of the EP/F resolution, Lewis, at her home in Florida there is kind of snow we haven’t seen just above average. Lemanowicz Agyei, Education Committee a senior, presented a bylaw not much difference between the before Halloween since 2011,” thinks the 2011 winter could be Chair Iyra Chandra, Trustee amendment to the Senate body. seasons. Lemanowicz said. a taste of what is to come for Representative Ayden Crosby and According to Lewis, the bylaw “It’s summer in winter. It’s Lemanowicz said that, this winter. Wiener, passed the TCU Senate summer all year round. So I’m in a normal winter, Boston unanimously with 31 senators see TCU, page 2 still in shorts, a tank top and flip acquires its first inch of snow see WINTER, page 3 NEWS 1 EDITORIAL / page 7 ARTS / page 4 SPORTS / back FEATURES 3 Lessons learned from Athletes commend ARTS & POP CULTURE 4 Tufts’ response to Music that made 2020 initial university response FUN & GAMES 6 fall semester to training OPINION 7 SPORTS BACK 2 THE TUFTS DAILY | NEWS | Monday, December 7, 2020 tuftsdaily.com THE TUFTS DAILY University endowment, revenue from investments to impact ALEX VIVEROS Editor in Chief students EDITORIAL Rebecca Barker ASSETS lated to the endowment’s invest- Johnson said the Brighter World es brought on by the COVID-19 Hannah Harris continued from page 1 ments like the TRP, it does con- campaign has had to adapt to the pandemic in an April 14 message Managing Editors tered research university dedicated tribute to the total endowment. current circumstances and chal- to university employees signed by Jake Freudberg Associate Editors to the creation and application of Smith explained how the value lenges introduced by the pandemic. University President Tony Monaco, Jilly Rolnick knowledge,” Smith said. of most capital markets fell from “The challenges posed by Provost and Senior Vice President Alejandra Carrillo Executive News Editor Maddie Aitken Deputy News Editor He said scholarship funds February to March but recovered [COVID-19], which has prevented Nadine Aubry and Executive Vice Jessica Blough News Editors Tom Guan and professorships are prime soon after and have even contin- travel and in-person events since President Mike Howard. Liza Harris examples of the impact univer- ued to rise. Consequently, Tufts’ March, have slowed the pace of According to James Hurley, vice Alex Janoff Matt McGovern sity investments can have on the endowment assets have increased. fundraising this year,” he said. president for finance and treasurer, Sara Renkert Sarah Sandlow larger community. “Beginning in late March, stimu- “But with 74% of the campaign the increase in endowment and the Anton Shenk Tufts is currently carrying out a lus actions taken globally by central timeline elapsed, we have reached 3.7% return from the TRP will not Carolina Espinal Assistant News Editors Sam Klugherz fundraising campaign called Brighter banks and governments led to a swift 72% of our overall goal, only a lit- affect any hiring or salary freezes. Alexander Thompson Alicia Zou World: The Campaign for Tufts. recovery in capital markets, though tle behind our target pace.” “The hiring and compensation Ryan Shaffer Executive Features Editor “The campaign, now approach- most markets still ended the fiscal Johnson mentioned how the freezes were among a number of Sid Anand Features Editors Amelia Becker ing the middle of its eighth year, year well below February market pandemic has affected engage- measured and strategic actions taken Jillian Collins has raised about $1.1 billion in highs,” he said.