THE
BROWN DAILY HERALD vol. cxlix, no. 19
since 1891
WEDNESDAY, FEBRUARY 19, 2014
NASA selects student satellite for space launch TWC forms
Satellite aims to promote local student interest in space exploration through interaction By ISOBEL HECK SCIENCE & RESEARCH EDITOR
By 2017, people will be able to look into space and s e e a s atellite created by Brown students shining as brightly as the North Star. The satellite, or “CubeSat,” is a 10-centimeter-cubed satellite “about the size and weight of a grapefruit,” said Hannah Varner ’14, one of the leaders of the CubeSat project. On Feb. 6, NASA announced that
SCIENCE & RESEARCH
the Brown CubeSat, titled EQUISat, was chosen along with 16 others to be launched into space. The project will most likely launch in the summer of 2017, co-leader Tyler Del Sesto ’14 said. The project was originally founded in 2011 with the help of team adviser Rick Fleeter ’76 PhD’81, adjunct associate professor in the School of Engineering, with the goal of making space and satellites more interesting and accessible to the average person. EQUISat is covered in LED lights so it is visible to the naked eye and can transmit radio signals so it can be used for communication, meaning anyone can interact with it on their own without special equipment. Team members hope these features » See CUBESAT, page 4
committee to rewrite mission
Group set to focus on making center more inclusive and narrowing scope of work By MARGARET NICKENS SENIOR STAFF WRITER
COURTESY OF THE BROWN CUBESAT TEAM
Brown undergraduates designed a 10-centimeter-cubed satellite that NASA selected, along with 16 others, to be launched into space.
Endowment returns in line with national trend 12.6 percent increase in fiscal year 2013 investment returns places Brown second in Ivy League By SANDRA YAN SENIOR STAFF WRITER
A new report produced by the National Association of College and University Business Officers shows that the University’s percentage increase in investment returns from last year was in line with university endowments nationwide, which experienced a rebound in investment returns in fiscal year 2013. The University’s endowment, currently sized at about $2.7 billion, saw an increase of 12.6 percent in investment returns from last year, The Herald reported in October. Among its Ivy peers, Brown’s endowment saw the second-most growth, trailing Penn, which reported a return increase of 14.4 percent. Yale, Princeton
and Harvard also saw increases in their returns of 12.5 percent, 11.7 percent and 11.3 percent, respectively. Much of this rebound can be accredited to surging financial markets, said Ken Redd, director of research and policy analysis at NACUBO. In fiscal year 2013, the U.S. stock market gained almost 21 percent, he said. An endowment essentially comprises a series of funds that are designed to last into perpetuity, Redd said. At the University, a certain percentage of the endowment — known as a payout — is used each year for operations, said Beppie Huidekoper, executive vice president for finance and administration, adding that a portion of the remaining funds is then reinvested. The average investment return for the
surveyed colleges to be 11.7 percent for fiscal year 2013, NACUBO measured. When the stock market crashed in 2008, the University’s endowment dropped a total market value of 27 percent, from about $2.8 billion to about $2 billion, Huidekoper said. At that time, the endowment represented around 17 percent of the University’s total revenue, leading to expenditure reductions and delays in capital projects, she said. “In real terms, (the endowment’s) not worth what it was in 2008,” Huidekoper said, though she added that administrators are confident the University will continue improving its financial position. “We’ll get there.” Draws from the endowment make up about 16 percent of the University’s total revenue, Huidekoper said. Though NACUBO reported that higher education institutions’ endowments are on the rebound, other ratings
agencies predict continued struggles for the financial positions of colleges and universities. In its Outlook Report for 2014, released Nov. 25, Moody’s cited “flat to declining governmental funding” and “slowly growing revenue eclipsed by pressure to increase expenses” as ongoing concerns for higher education. Declining federal funding is a challenge for the University, Huidekoper said. Most of the University’s revenue comes from tuition, followed by federal funding for research and then the endowment, Huidekoper said. The University does not draw as much from its endowment as do some of its Ivy League peers, such as Harvard and Princeton, she added. Harvard has the largest endowment of any higher education institution in the world, with $32.7 billion in total endowment assets at the end of fiscal year 2013.
M. ICE HOCKEY
At home, Bruno scores unexpected split Seniors falter against Princeton but rebound against nationally ranked Quinnipiac By ANDREW FLAX
the standings by two points entering the weekend, went 1-0-1 to expand its lead on the Bears to three points. St. Lawrence, with which Brown was tied, was 0-1-1 this weekend to fall a point behind Bruno and into a tie with Harvard for ninth place.
SENIOR STAFF WRITER
inside
Science & Research
Friday: Princeton 3, Brown 2 The Tigers (5-20-0, 4-14-0 ECAC) won their second road game of the season at Brown (10-12-3, 7-10-1) Friday despite goals from Mark Naclerio ’16 and Matt Lorito ’15. Princeton took a 2-0 lead five minutes into the second period, but Brown struck back a minute later with Naclerio’s goal and tied it up three minutes afterward on a penalty shot by Lorito. But Princeton scored a power-play goal » See M. HOCKEY, page S8
Commentary
Study finds many bipolar patients treated locally in 2010 were taking more than four prescription drugs
Map of Jupiter’s moon allows researchers to piece together a history of the moon’s evolution
Hillestad ’15: The University should cancel classes during severe winter storms
Johnson ’14: We should worry less about national debt and focus on investing in people
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KATIE LIEBOWITZ / HERALD
Massimo Lamacchia ’15 scored in a 4-2 win over fourth-ranked Quinnipiac Saturday. The Bears fell to last-place Princeton Friday night.
The men’s hockey team picked up some surprising results at home this weekend, falling to last-place Princeton but defeating No. 4 Quinnipiac. It was a weekend for upsets all across the ECAC, with the teams that entered each conference game lower in the standings going 6-3-3 overall. The bottom three teams entering the weekend — Harvard, Dartmouth and Princeton — went a combined 4-1-1. Rensselaer, which led Brown in
With its 40th anniversary two years away, the Third World Center is doing some inhouse cleaning, examining what changes it needs to make in order to be a useful resource in light of changing student needs and demographics. A strategic planning committee comprising students, faculty members and alums is currently working on rewriting the TWC’s vision and mission and forming a five-year strategic plan, said Mary Almandrez, TWC director and assistant dean of the College. The committee is looking into issues of exclusivity and clarity of mission, among other goals, said Almandrez, a member of the committee. The committee will use these discussions, along with community input, to determine a new name for the center that better reflects its goals, she said. Narrowing the center’s scope of involvement will be a guiding factor in clarifying its mission, Almandrez said. “There’s a lot of work that we do in the center, and I think it’s good work. But I think this is an opportunity for us to determine if it’s appropriate for the TWC to be doing this work,” she said. Stephanie Harris ’14, who is involved with the TWC’s Minority Peer Counselor program, said the center should determine whether it is primarily a community support group or primarily a social activism group. “I think that social justice and activism are really awesome, but I don’t think that’s what the TWC has to be in its main focus. … For me, this is a space for people to come and feel comfortable,” she said. The committee will also discuss what communities the center serves, answering questions such as who is considered a student of color and whether the TWC should also serve graduate students, said Hisa Hashisaka ’14, a member of the committee. The group will work to determine what projects the TWC can undertake without overextending its staff members and resources, said Floripa Olguin ’16, another member of the committee. Part of concentrating its focus will include building stronger connections with other departments and groups around campus. Some of these departments would include medical and science fields » See TWC, page 3 t o d ay
tomorrow
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