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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Feb. 9, 1994)
ENDOWMENT Continued from Page 1 we will bo looking at wavs to add money to the women's sports and bring os in better stead, in a quicker fashion, to balance our gender-equity equa tion." he said Before the beginning of the 1993-94 academic year, all endowed gilts to the athletic department in the history of the University totaled S3 I million. Brooks said In September 1993 Harold and Margaret Taylor of Milwnukie pledged SI million for athlete scholarships The athletic department has intensified its fundraising efforts since 1992. when the State Board of Higher Education asked universities to rely more heavily on private contributions to pay for college athletics. Brand said Brooks re-emphasized the point "Anv time vou look at what’s happened in the state of Oregon with funding for edm a tion and the funding prob lems that intercollegiate athletii programs have had in this state, 1 think it hei omi's apparent that we can't sit around and wait lor someone else to solve our prob lems, he said Brand emphasized that the athletic department's work to find increased private support parallels efforts bv the Univer sity as a whole. "The important point here of course is that the athletic fund raising is within the context of the entire University." Brand said “Private support for uni versities. especially public uni versities, has become increasingly necessary to pro vide a margin of excellence " Brooks was asked it the donor was a quarterbac k or played while Brooks has cou< bed at Oregon, questions that Brooks declined to answer "He made a decision to remain anonymous We urged him not to but he chose for he and his family but this is the way he wanted to do it and I certainly want to honor that." The $2.15 million will be invested and will draw interest Five percent of that annual interest, about $100,000. will Foundation gets help it needs from donors By Jim Davis Qr&gon D&fy StrmtAkl Imagine asking your boss for a raise imagine asking your boss for three times your present salary Now imagine gotting it. The University of Oregon Foundation did |ust that Foundation workers asked donors to help improve the University in connection with the University’s strategic plan And it worked Brodie Remington, vice president of public affairs and development, said the Foundation will raise nearly $50 million dollars in the initial phases of an upcom ing fundraising campaign To put $50 million dollars in perspec tive. consider that that number is $34 mil lion dollars more that was donated last year. And six times the amount raised five years ago. More money was raised just last lire em ber than has been raised in any previous yvar in the history of the Foundation. Remington said ho believes the enor mous growth in funds is hard work on the part of the Foundation. "I don't want to sound trite," Remington said, "but we're just trying a lot harder We're getting more people involved, and we re raising funds more creatively." He also credited the donors as "people who believe and care about the future of the University." This fundraising is the informal begin ning of a major campaign that will be for mally announced with a public celebration in October "The best thing that wo can do is to got alumni to come to campus," Komington said, "and wo need to get those alumni to go class, meet with professor and talk with students " The fundraising drive will have a go«l of raising between $120 million and $150 million dollars in a five year span The money raised in this drive will specifically he geared toward improving the quality of the University. Remington said. He cited undergraduates, professors and extracurricular groups sut h as the Muse um of Art and intercollegiate sports as the main beneficiaries of the donations Undergraduates will receive a better education with more freshmen seminars, expanding FIG's, increasing smaller class es and student scholarships. Remington said. A major thrust of the campaign will be to secure endowed professorships and endowed chairs for the University's indi vidual departments. An endowment is n large amount of money sot aside by the University where the Foundation only uses the interest. The money is invested and the endowment grows with inflation. Thus, an endowed professorship is half a million dollars set aside to pay for the salary of one professor. The endowment for a chair is one million dollars Remington said ho predicts the Univer sity will gain $20 million dollars in endowments by the end of this fiscal year which is June .10. The University only had $fi() million dollars in endowments prior to this fis< al year. Donations will also help the University by increasing technology such as the new union catalog that links the University's library with the libraries of the state's ritgionnl colleges The University receives on average of 25.000 gifts a year. These gifts range from one dollar to millions of dollars. pay the loott)<ilI i ii.n h's siil^rs H rooks said Interest named above that five peri tin! vs ill be added lo the principal investment and will tie used to increase annuul pu\ ments <is the value o( the current $100,000 a year depreciates through inflation, llrooks said The endowment is established for perpetuity, he said Christopher Simpson, director for the University's Office of Communications and Market mg. said the Universitv has checked with the National Col legiate Athlete Association to see if other universities have received similar donations "The NCAA was not aware of anybody else that has made a donation of this magnitude, but it has not kept rei ords." Simp son said. However, endowments made to athletic programs are not uncommon in the Pacific-to Conference or elsewhere in the country The University of Southern California has a pro gram to establish an endow ment for each playing position on its football team Do we capture your interest? The Oregon Daily Emerald is looking for an energetic and creative student with an eye for capturing news, sports and feature assignments to fill a staff photographer position. THE FINE PRINT If you possess these skills and you're interested m gaming vatu able experience on a daily newspaper, the photo department a interested in you Stop by the Emerald office Monday Friday and fill out and appli cation and submit dips ol work For more information, caS Mtohael SNocAer at 346-5511 Deadline is Friday. Feb 18 at 5p.m THE SAGA CONTINUES... It’s Been A Wednesday Tradition Since 1989. Sifj-L Eugene's family owned pizza restaurant, Track Town, has always stood for quality pizza at a reasonable price. Starting March 2, the Wednesday medium one-item pizza will be $7.95. But until then, Track Town invites you to join them in the Wednesday night countdown at the current price of $6.95. (chicken and lean pepperoni add 30e) TRACK TOWN PIZZA 484-2799 CAMPUS 1809 Franklin WEST 2511 W. 11th