University Press (Beaumont, Tex.), Vol. 79, No. 24, Ed. 1 Wednesday, January 29, 2003 Page: 2 of 6
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Inside
Wednesday, January 29, 2003 University Press Page 2
Quote of the day
“Put all your eggs in one basket and
WATCH THAT BASKET!”
— Mark Twain
days until St. Valentine’s Day.
Endowments
Continued from page 1
ship aid, new facilities and new
programs,” Malpass said.
For now, most such proj-
ects are on hold. A few schools
have laid off faculty members.
Many are reducing staff
through attrition.
Illinois Wesleyan Univer-
sity, whose endowment fell 22
percent to $136 million, will
have $3 million less to spend
this year than it projected in
2000. The school has frozen
departmental budgets, is slight-
ly accelerating tuition increas-
es and is dipping into some
gifts it would normally set
aside to prop up the endow-
ment.
“We’ve slacked off on
some of the technology stuff,
building smart classrooms, that
kind of thing,” said Thomas
Corts, president of Samford
University in Birmingham,
Ala., where the endowment is
now $218 million after losing
19 percent of its value last
year. But he said he doubts
students will notice the effects.
Richer schools tended to
do better than other universi-
ties. The average school with
an endowment of $1 billion or
more lost 2.1 percent, while
the average school with less
than $25 million lost 6.1 per-
cent.
At Harvard, the world’s
richest university with $17.5
billion, the endowment did
comparatively well, finishing
last year down just 2.7 percent.
Those who invested ag-
gressively say they have no
regrets.
“We still want to be in the
equity market. We recognize
that in the long-term that’s the
best place to be,” said Ken
Browning, vice president of
business and finance at Illinois
Wesleyan, which bet heav-
ily on stocks. “Universities are
the ultimate long-term invest-
ors.”
Center
Continued from page 1
rooms” could potentially sub-
mit a paper online, participate
in a class discussion over the
web, or view a revised syl-
labus on a professor’s home
page.
“The goal is to enhance
student learning by providing
not only a variety of presenta-
tion methods, but getting stu-
dents excited about the sub-
ject matter by bringing things
to the classroom that are
more real world and more
timely,” Doblin said. “You’re
not just using textbooks,
you’re using a variety of
methods of presentation.”
Nichols said she esti-
mates that web-based materi-
als currently support a quar-
ter of Lamar classes. She
sums up the goal of the
Faculty Technology Center as
providing the resources for
these kinds of programs to
continue.
“We’re beginning to have
more and more classrooms
that are equipped for teach-
ing with technology,” she said.
“This is meant to support that
— to support those professors
in creating their materials
digitally, and also to transfer
materials that they’ve taught
in the past, such as a slide
projector into digital materi-
als, so they can use it straight
from the computer.”
Festival
Continued from page 1
Work,” in which they will talk about mak-
ing the film.
Also, Edward Neumeier, a co-writer
of “Robocop” and writer of “Starship
Troopers,” will talk about writing a
screenplay.
“The interesting thing is we also had
another co-writer for ‘Robocop’ here last
year,” Stanley said, “I think that will be
kind of fun to use that movie as a point of
departure. A lot of our student volunteers,
people who were here last year remember
Michael Miner who wrote for ‘Robocop,’
and I think that’s going to be interesting
to talk about.”
While the workshops are being con-
ducted, student films will also be shown
throughout the day at the Lamar Theatre.
“Opposite the workshops, in the
main theatre, we’ll be running the best of
the student films that won awards,”
Stanley said. “By the time you come into
the main theatre, it will look like
Tinseltown.
“If you’re a student filmmaker or an
independent filmmaker and we’re running
your film, you’re going to be excited.”
Stanley said there is always a large
turnout for the screenings as well as the
workshops.
“A lot of people go to workshops,”
Stanley said. “A lot of people just love to
watch student films and see different
types of films that they’re never going to
see elsewhere.”
He also said there’s a lot of interest
from past attendees who wish to come
back to provide other workshops.
“There’s almost been a problem with
how many workshops can we have if so-
and-so wants to come back, and I would-
n’t be surprised if we have two strands of
workshops next year,” Stanley said.
Following the last workshop, an
awards ceremony will be held in the main
theatre at 4:30 p.m. to announce festival
winners.
In the evening, a series of screenings
will also be held in the main theatre and
will wrap up Saturday’s events.
The Screenings will feature “The
Greater Ambition,” by Gordon Williams;
“The Man of the Century,” edited by
Frank Reynolds; “Please Kill Me Mr.
Kinski,” written and directed by David
Schmoeller; and “Dark Night of the
Scarecrow,” written by J.D. Feigelson who
is a Lamar graduate.
Sunday film festival events will take
place at the Cinemark Tinseltown Theater
with the screen of “Starship Troopers”
and will put a wrap on the film festival
with the screening of “Killing Cinderella,”
edited by Frank Reynolds.
The festival promises enough to keep
even the most rabid movie buff occupied.
Foundation
Continued from page 1
will not see a reduction in the amounts
they receive for the fall semester.”
Trammell said the foundation does
not know what will happen the follow-
ing year, but will just have to wait and
see what the stock market does.
She also said that she has not
experienced this since she has been in
her position but said that, from hear-
ing other colleagues talk, this is proba-
bly the largest downturn for college’s
and university’s endowments in many
years.
According to information re-
leased by the Lamar University
Foundation, the foundation’s annual
budget exceeds $1 million , based on a
5 percent moving market value aver-
age over a thirty-month period of
time.
Endowments totaling $4.2 million
provide for operations of five Chairs.
One hundred endowed scholarships,
valued at $10 million, provide for
annual scholarship awards. Twenty-
five additional funds, valued at $5 mil-
lion, provide for the operations of spe-
cial programs such as the Dishman Art
Gallery, Gray Library, Gladys City,
DuJay Wildlife management, faculty/
student awards and KVLU.
The Lamar Foundation, according
to its mission statement, encourages
donations to further the education of
Lamar University students, promotes
stewardship of donors, and manages
investments, endowments and other
private assets contributed for the ben-
efit of Lamar University.
Editor..............................................................................................Dennis Kutac
Managing Editor...............................................................................Julie Gipson
Sports Editor..................................................................................Chris Williams
Photo Editor.......................................................................................Andy Taylor
Layout Manager.............................................................................Patrick Gurski
Reporters................................................................Holly Westbrook, Greg Hayes
Photographer..................................................................................Michelle Cate
Staff Writers.....................Sumeet Agarwal, Jeff Dixon, Chen Coon, Ben DuBose,
Micah Enard, Sumant Ganapavarapu, Matthew Jones, Travis Lovett,
Harshesh Mawani, E. Arnold Naveen, Badami Raghavenderrao,
Whitney Teal, Justin Ward, Jason White, Courtney William, Annie Zaizossa
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Setzer Student Center
at Lamar University _
Cordially invites you to our
1
Grand
Opening
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Noon, Feb. 3, 2003 • Events start at 10 a.m.
Celebrating Our New Look!
Lamar University Jazz Band
Psalm 150 Gospel Choir
Lamar University Spirit Team
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John Rush “Human Juke Box” — 5:30 p.m.-6:45 p.m.
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Kutac, Dennis. University Press (Beaumont, Tex.), Vol. 79, No. 24, Ed. 1 Wednesday, January 29, 2003, newspaper, January 29, 2003; Beaumont, Texas. (https://texashistory.unt.edu/ark:/67531/metapth500833/m1/2/?q=Lamar+University: accessed June 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Lamar University.