Digital Kenyon: Research, Scholarship, and Creative Exchange The Kenyon Collegian College Archives 10-10-1991 Kenyon Collegian - October 10, 1991 Follow this and additional works at: https://digital.kenyon.edu/collegian Recommended Citation "Kenyon Collegian - October 10, 1991" (1991). The Kenyon Collegian. 595. https://digital.kenyon.edu/collegian/595 This News Article is brought to you for free and open access by the College Archives at Digital Kenyon: Research, Scholarship, and Creative Exchange. It has been accepted for inclusion in The Kenyon Collegian by an authorized administrator of Digital Kenyon: Research, Scholarship, and Creative Exchange. For more information, please contact [email protected]. Ginsberg's Beat Bookstore Wins Soccer and Football Shakes Kenyon P.3 Display Prize P.5 Suffer Losses P.6&7 4 a g0tt CEellagtatt Volume CXVIII, Number 4 Established 1856 Thursday, October 10, 1991 Recession Increases the College's Endowment Problems by Guy Tino changes in Kenyon policy, such as the new Since 1982, nearly 60 percent of all challenge in raising money has forced the housing system. Klesner points out that a gifts to Kenyon have come from individuals College to look to other sources besides - friends the College. corporations. The visible changes in Kenyon's good portion of the College's alumni live in alumni, parents, and of financial atmosphere over the last few years, areas hardest hit by the recession, especially The remaining 40 percent have been received Just under half of the money raised including a tuition hike which brings a year the Northeast from foundations and corporations. Klesner through gifts from 1982 has been used for three-yea- for theexpansion at the College to above $20,000 and a drop Also, after the r Campaign says that the lack of growth in corporate capital, or more specifically of College. Among the "brick and mortar to the second quartile in the U.S. News and For Kenyon, some kind of decrease is donations over the past few years is the WorldReport rankings, are cause for concern naturally to be expected. In the closing symptomatic not only of Kenyon, but of the projects," as Klesner terms them, this capital are the among many students, and pose serious years of the last decade, the rate of increase rest of the country as well. Corporations are accomplished with questions for an administration which in gifts was 10 percent a year; in the two currently riding the trend forproviding more construction of the Emst Center, the Bolton the recently promised to place "purpose over years since the Campaign, that rate is down gifts to elementary and secondary schools Theater and the Olin Library, and The other austerity." to 5 percent or 6 percent. 'It's really just a than to universities. renovation of Ascension Hall. split between the Kimberlee Klesner, director of the matter of more people increasing their gifts Those who choose to give to colleges half of the money has been the College and the endowment Development office, reports that rumors as others decrease theirs," Klesner says. do so only where specific targeting programs operation of abouta serious dropoff in alumni support for Between the years 1966 and 1970, the which are tied to their corporate missions fund. Because As 30 June 1991, the percentage of the College are unfounded. She says that the College raised $4,500,000 in gifts, which (e.g., engineering) are concerned. of endowment in support of financial aid 44 percent alumni gift participation rate this are the primary source of the funds Kenyon of cutbacks, and the additional problem of gift-givin- g have measured approximately 3 1.5 percent-clos- e past year was the highest since 1983, uses to cover the expense of its operation. the recession, some sources $10,500,000 - the total market value of contributing to the steady increase in the Between 1986 and 1990, that figure reached simply dried up. Klesner notes that "even to of fund. The 1991-199- 2 budget figure for alumni fund. Gifts from parents and friends the $28,000,000 mark. Klesner notes that though the sources of gift income have been the is financial aid aid is a little over $5,100,000, which were also up this year. Annually, 150 to 200 there are three reasons for such a substantial restricted, there a need for ENDOWMENT page eight alumni volunteer to raise money for the increase. First, recent Kenyon graduates are and salary increases." The increased see College. earning more money and so are able to The Kenyon Fund and the Kenyon contribute more to the various funds for Kenyon Falls in National Ranking gifts. Second, Kenyon did not pay much Parents' Fund are the two main sources of By Kristy Rogers Kenyon was in the first quartile, or top 36 serious attention to fund raising until the operating funds for the College. Every colleges; in 1988, it was ranked number 17. Caples administration, between the late dollar of those funds is counted as part of the The annual "College Guide" edition of According to U.S. News & World 1 960s and m id-- 1 970s. Finall y, says Klesner, general revenues of the College, and that U. S.News & World Report, the rankings "we were so small for so long" that, money is spent every year. Report came out on are based not on consequently, the College does not have the If there has been any dropoff in the rate September 30. The relative academic same quantity of alumni that other schools of giving, it is more likely due to the issue rates colleges quality butacademic have. recession than to any lack of support for the and universities, as AMHKIC.VS reputation, "which in prior rankings, by r" n r ' has become so vital Offenders Reaches Hill dividing them into in opening doors for Rehab for categories according college students to by Kenyon in order to assist the Kenyon Education on Drugs and established to the standard both graduate offer the resources needed Alcohol (KEDA)program plans to set up counties need to guidelines set up by education and assessment and counseling services in the to all members of the county. It is also the Carnegie employment." take some of the burden off of Health and Counseling Center fto assist the expected to Foundation for the Schools were ranked staff and open up increased number of students arrested for the Freedom Center's Advancement of within the separate residence. open alcoholic containers or public spaces to Mount Vernon Teaching. Five categories by rehabilitation, the county hopes drunkenness. In all of the Kenyon cases Through major categories combining statistics whether the irresponsible behavior presented to the Knox county court, the to assess were established, collected from the is an indication same type of counseling program has been demonstrated by offenders again, the same as in colleges with the problems. The evaluation can ordered. The procedure includes a of further past publications: H"V. I.',.'' results of an In some situations, B ADMISSIONS: preliminary evaluation of the individuals result in three outcomes. national universities, exclusive survey of individual's relationship with drugs and alcohol, and the counselor can decide the national liberal arts VITAL STATISTICS academic three-hou- The counselor then a required number of r need for further treatment. colleges, regional reputations. Over offender counseling session. can go a step further by placing the colleges and 2,000 college out-patie- nt Finally, if the The program will be run by the Chemical in treatment. universities, regional presidents, deans, signs of addiction, they Dependancy Counselor, Camille individual shows no liberal arts colleges, and admissions obligated to attend the legally Culberetson. At the Freedom Center, the will only be and specialized institutions. Kenyon is directors responded to the survey, rating service costs 68 dollars a session, therefore required sessions. grouped under the national liberal arts college only institutions in the same category as enure legal sentence, most the price should be the same or cheaper at In terms of the heading, which, along with the national their own. Reputational scores were have been put on legal Kenyon. Students will, however, be charged underage offenders universities classification, is considered the considered along with statistical data in four their twenty-fir- st birthday. some sort of fee because the program serves probation until most prominent According to U.S. News & divisions: selectivity of the student body, to meet monthly with a a specific function which the entire student They are required World Report, these are "the major leagues facultyresources.overall financial resources, officer. body should not have to fund. probation of higher education". Of the 140 national and student satisfaction. in sheriff arrests on campus is Although the program has not officially The increase liberal arts col leges, Kenyon is ranked within Student selectivity was determined by more sheriff patrolling. According begun, the judge will recommend future aresultof the second quartile or top 70 schools. The the schools' acceptance rate, the percentage offenders to the Kenyon facility and those to Safety and Security, fifteen students have first ranked school was Williams College of see U.S. NEWS page two who have been convicted will switch from been arrested. Williamstown, Massachusetts. Last year, Mount Vernon. The facility will be OPINION page two October 10, 1991 BewarerEndangered Endowment Each year it becomes more evident that Kenyon's endowment is in dire need of improvement With the country in the midst of a severe recession it is unlikely that the Editor-in-Chie- f: Tamar Gargle school will be able to cultivate its financial condition to any high degree. Kenyon Managing Editors: Dave Allan, Kelley Ragland students should be aware that the endowment directly affects the services the school can News Editor: Amy Kover offer.