Signpost (Weber, Utah), 1995-05-191
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.1 1111 Friday, May 19, 1995 ,7 ' WSU increasing return through Common Fund By Caralyn Arnett Signpost staff writer Weber State University is striving to meet the greater needs and create more choices for students through its involvement in the Common Fund. The Common Fund is a nonprofit investment program especially suited to the needs of institutions of higher education. According to its 1993 annual report, the purpose of the fund is to increase the member university's return on its endowment."The key to the Common Fund' Dave Duncan, WSU investments manager, said, "is that they (the Common Fund) understand higher education and are geared to that." WSU's involvement in this long-term investment plan began in November 1994 with a $600,000 initial investment. The amount to be invested in this fund will be assessed every six months, Duncan said. "(The fund) is a long-term commitment on the part of the administration to increase the capital appreciation of our investments," he said. The earnings from the investments will promote existing endowments at WSU. These mon V . v5 Jl (J ' i . a ft ! f " p. etary endowments are used for a variety of purposes, Duncan said. They are generally used for scholarships and special projects. The purpose of the endowment is determined by the party giving it. The giver can be very specific as to the use of the endowed monies.The principal or balance of the endowment cannot be spent. The money spent is from the investment revenue or the earnings from the invested money. The earnings from the $600,000 invested into the Common Fund for the year will be around 5 or 6 percent, Duncan said. Approximately $30,000 dollars will be earned during the year. This amount is then prorated or distributed to the existing endowments, he said. WSU has 150 endowments that equal approximately $7.5 million. "The main thing to get across is that this is a new undertaking of the university," Duncan said. " It will benefit the endowment program tremendously over time. It is certainly not a short-term investment."The Common Fund was founded in 1971 with 72 members and $63 million in assets. Today, the Common Fund has over 1,300 members, with assets in excess of $15 billion. BRIAN NICHOLSONTHE Senate considering mascot legislation By David Hill Signpost campus affairs editor Words such as "scalp," and mascots such as an "indian" or "redskin" are extremely offensive to Native Americans, said Native American Students Senator Boyd D. Redington in the AS WSU Student Senate meeting Monday. Redington introduced legislation recommending The Signpost discontinue the use of Native American slogans and mascots in its print. Referingto the Nov. 11,1994 issue of TheSignpost, Redington showed and read the headlines of two stories contained in the issue. The first, in the news section said, "Native Americans voice opinionson stereotypes." The second, in the sports section said, "Utes scalp Lady. 'Cats, Givens remains upbeat." The first story, he said, was about a panel discussion held by the Weber State University Native American Council concerning the stereotypes placed upon Native Americans in sports. The council invited local sportscasters, editors and sociologists to be on the panel. The sports story described Here's something new - construction Construction worker Jim Smith removes cement in preparation to build ramps for handicapped students on the south side on the education building Tuesday. The project is just one of many areas of construction work going on around campus. SIGNPOST the WSU volleyball team's three-game loss to the University of Utah. . He said the headlines were an example of the media's ignorance concerning the use of Native American stereotypes. Because WSU is a front runner in the fight for minority rights, Redington said it would be important for it to examine the issue. "There is a strong Native American constituency on campus and there are a grow-ingnumberof universities that are addressing this issue," he said. Traditional Students Senator Lane Jacobs invited Gary Flinds, news editor of TJw Signpost, to speak to the senate. "I have a problem with this legislation," Hinds said. "We've already addressed the resolution's concerns." The staff at The Signpost dealt with this issue back in November, Hinds said. He said it was not The Signpost sports staff's intention to run thestorieson thesameday. He Mid the sports staff, at the time, was not invited to be on See Mascot page 2 Volume 57 Number 85 Quick Takes A&E If it looks like a duck and walks like a duck. . . See page 5 News Domestic terrorism discussed at Issues Forum. See page . Opinion Columnist takes first stab at advice writing in Hinds' Sight. See page 4 ........ y ..... f. - - r j . .-St1. : " K- ... - t v- '4 ; Sports Track teams make strides toward the Big Sky title. See page 6 Weather Friday Chance of showers 7142 Weekend (7 Z 70s40s 0 0 ''
|Title||Signpost (Weber, Utah), 1995-05-19, Vol. 57, No. 85|
|Creator||Weber State University|
|Contributors||Associated Students of Weber State University; A generous grant from the Utah State Library and the Institute of Museum and Library Services.|
|Description||Weber's current student newspaper, the Signpost, first appeared on September 29, 1937. For two years prior to that time, campus news was disseminated via announcements posted on a bulletin board known as the "Signpost". As a result, the masthead of the first issue of the paper itself featured a rudimentary wooden sign with the title spelled out in rustic-looking letters. Over the years the paper has been published continuously, though the look, size and style has changed several times.|
|Subject||College student newspapers and periodicals; Weber State University|
|Publisher Digital||Stewart Library, Weber State University|
|Source||University Archives LD5893.W55 S5, Stewart Library, Weber State University|
|Rights Management||Public Domain. Courtesy of University Archives, Stewart Library, Weber State University.|