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Columbia Chronicle College Publications Columbia College Chicago Digital Commons @ Columbia College Chicago Columbia Chronicle College Publications 11-23-1992 Columbia Chronicle (11/23/1992) Columbia College Chicago Follow this and additional works at: http://digitalcommons.colum.edu/cadc_chronicle Part of the Journalism Studies Commons This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. Recommended Citation Columbia College Chicago, "Columbia Chronicle (11/23/1992)" (November 23, 1992). Columbia Chronicle, College Publications, College Archives & Special Collections, Columbia College Chicago. http://digitalcommons.colum.edu/cadc_chronicle/160 This Book is brought to you for free and open access by the College Publications at Digital Commons @ Columbia College Chicago. It has been accepted for inclusion in Columbia Chronicle by an authorized administrator of Digital Commons @ Columbia College Chicago. THE COLUMBIA COLLEGE HRONICLE VOLUME 26 NUMBER 9 THE EYES AND EARS OF COLUMBIA NOVEMBER 23, 1992 Columbia's Endowment N est egg mounting $1 0.000.000 ,-- ---- --_ _ _ _ ___ By Janet Chambers There are three main con­ expecting a return of around 5 $8.000.000 St.jfWriter tributors to the endowment to 6 percent this year." fund. About 75 percent comes The endowment fund is con­ Columbia's endowment of from the other three funds, as sidered Columbia's nest egg $8,000,000 more than $11 million seems designated b y Columbia's like a drop in the bucket com­ and is rarely touched but rather pared to Harvard's $2 billion or Board of Trustees. The federal left to generate income. govemmentcontributes21 per­ even Northwestern's $875 mil­ "If we don't have to use it, we cent. Private gifts and grants lion, But for a relatively young don' t," said DeSalle. "It repre­ account for the remaining 4 ...~ts the college's future." college, Columbia's fund has $2.000,000 grown steadily each year, percent. The latest expenditure of en­ Columbia's assets are di­ "We want to increase private dowment funds was in the late donations," said Michael De­ 1980s, when Columbia pur­ vided into four different Salle, Columbia's vice funds. chased the lot west of the 11th president of financing. "But 1985 1990 1991 Restricted funds are used for Street theater and music build- Columbia is still a rather small a specific purpose; unrestricted ing. Growth of Columbia's endowment fund. money can be used in any area. college. Although we've kept The school used $750,000 in In 1975 Co lumbia had no endowment The total in 1980 was $2,300. The college's plant fund is used in touch with 9.000 to 10,000 interest income to purchase the Above are the totals for 1985,1990 and 19<Jl . for basic operations of the col­ ,alumni, we're not turning out property, DeSalJe said. lege, such as maintenance, doctors and lawyers like The purchase is viewed as a By 1985, the fund had risen to as an institution that was SllC­ $2.2 million. and the endowment fund is Northwestern." long-term investment for the Private gifts and ..:essfu 1and growing." considered Columbia's sav­ In 1991, the endowment college. Eventually, it may be grants that year totaled $6,425, The only catch was that Co­ earned 15.9 percent inte-rest. used to expand the already ex­ and investment income was lumbia had to match the ings. $154,000. The money in these funds is The return changes as interest isting building, or to build a contribution with $1 million of rates fluctuate with the econ­ The fund increased dramati­ in cash or invested in stocks dormitory. its own, which it did through and bonds, "earning income or omy, In 1975, Columbia had no en­ cally by 1990 in part because of private gifts and grants. interest. According to the In­ "I'm guessing that the return dowment fund. By 1980, the $1 million in federal grants in In 1'190, the fund reached $7.8 dependent Auditors' Report this year will be lower," said fund stood at a meager $32,881. 1985 and 1986. milli, n, including $19,000 in and Financial Statements for DeSalJe. "Because the interest Contributions that year were "11.e money was specifically the fiscal year of Sept. 1, 1990 to rates are lower and there has $13,500, and the endowment meant to help strengthen our been little change in the stock endowment fund," DeSalle ENDOWMENT Aug. 31, 1991, Columbia's total earned $2,300 in investment in­ see page 2 assets-equaled $50.8 million. market since January 1992, I'm come, records show. said. "Columbia was viewed Students rally for peace By Laura Callo Women have become pregnant while in .... us­ StaffWrittr' tody,she said. In 1981, a Peruvian prosecutor said rape Human rights throughout the world was the should "be expected" during a state of emer­ topic when more than 400 students from 600 gency, she added. Midwest high schools and colleges attended Amnesty also fights the use of children as a the third annual Student Activism Day, spon­ means of intimidation. sored by Amnesty International, on Nov. 14 at "In Central and South America, women are the University of Illinois-Chicago. separated from their children, jailed, and are Jack Healey, executive director of Amnesty forced to listen to tapes with children being International USA, inspired the crowd with tortured," Gyure said. words of hope, struggle and change. And some women in prison also receive little "We are one world, one people," Healey said. or no medical treatment, birth control or physi­ "Young people have the power to change the cal exams, she said. world." "Women are always being arrested due to He spoke of Amnesty International's strug­ false suspicion or because of the political prac­ gle for human rights in Haiti, Central America tices of their male relatives. No men are being and the United States. Half of the world's gov­ arrested if their wives are politically active," . ernments are using torture as a means of Gyure said. punishment, he said. He condemned Ger­ The organization is also fighting the practice many's mistreatment of refugees, and spoke of of execu ting pregnant women. the organization's fight against lllinois' death Unfortunately, Amnesty does not cover cases penalty. of wife beating or killing because those crimes Students also attended different workshops are on a personal or cultural basis, not a gov­ on such issues as police brutality, protecting ernment as one. children and human rights violations against "Amnesty is for the release of all prisoners of women. conscience, fair and prompt trials for politi­ Meiselas sat in on: student critiques and also Ruth Gyure, Midwest representative to the cal prisoners, and an end to torture and fielded questions"after a showing of her film group's women's steering committee, spoke executions," the organization's code states. ·Pictures from a Revolution" (1991). about human rights violations against women. Amnesty will hold a Midwest Regional Con­ The exhibit can be viewed at Columbia's Museum Rape is the world's most common form of ference to discuss abuses against women, on of Contemporary Photography until January 9th, abuse against women, she said. Feb. 26 and 27, in Chicago. For this and other Monday ttiroug/l Friday, 10 am to 5 pm, and "It is a form of intimidation in the arresting information, call Ruth Gyure at 608-835-5089 . Saturday, 12 noon to 5 pm. • and interrogation process in most countries or write to at 126 Johnson St., Oregon, Wiscon­ and nothing is done to stop it," Gyure said. sin 53575. Page 3 PAGE 2 C H RON I C L E NO VEMBER 23, 1992 ENDOWMENT $35~000 from page 1 Nat Knows ... private gifts and grants, ar,~~ $30~000 $186,<XXl in investment income. Continuing to grow, the fund By Natalie A.White had $9.2 million in 1991. Pri­ vate gifts and grants totaled $25~000 $32,000 that year. The fund produced $286,768 in invest­ ...... there's an old adage about a man, his son and his donkey. ment income. $20~000 Ever heard it? Wanna here it? Here it goes ... Recently, President John Duff annoWlced the' creation of the There was once a man and his son riding through a small Alexandroff Endowment $15~000 village on their donkey. As they traveled throughout the vil­ Fund, named for the recently lage, at each stop the village people would whisper amongst retired presiden t. The fund will themselves about the boy riding the horse as his father walked raise Jl\.oney for special pro­ $10,000 along side of them. Some people said, "what a shame the old grams and services aimed at man has to walk while the Ii ttle boy rides, he is young he should helping incoming college stu­ walk and let his father ride." dents. $5~000 After hearing the talk, the father and boy switched places. As "The fund is just being kicked they continued their trek through the village others would say off," DeSalle said. "We're rely­ "How selfish of the strong man to make such a small child walk ing on friends of the college $0 in the hot sun!" Certain that they would stop the chatter, both that have known Alexandroff the father and son mounted the donkey and as they exited the to make the initial contribu- tion." . village, some of the people watched with horror as they com­ Above: Total gifts and grants for 1980-1991. plained .. .'What a pitiful little creature that donkey is, being With an $11 million endow­ Below: Total investment Income for 1980-1991.
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