10 03 16 entire issue hi res

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INDEPENDENT SINCE 1880

The Corne¬ Daily Sun Vol. 133, No. 19

MONDAY, OCTOBER 3, 2016

!

ITHACA, NEW YORK

16 Pages – Free

News

Arts

Sports

Weather

Applefest

Blasphemous Delight

Upsart Upsetter

Cloudy HIGH: 68º LOW: 51º

The downtown Apple Harvest Festival attracted over 35,000 attendees and 100 vendors. | Page 3

Nathan Chazan ’19 writes about Beto’s newest comic: a risky reimagining of the book of Genesis. | Page 9

Cornell football upended No. 25 Colgate to continue its undefeated season start. | Page 16

Cornell’s $6.1 Billion Endowment Anabel’s Grocery Posts Loss; Lowest Return of 5 Ivies Plans Spring Opening By JOSH GIRSKY Sun News Editor

Cornell announced Thursday that its $6.1 billion dollar endowment has posted a return of negative 3.3 percent in the 2015-2016 fiscal year. The University’s endowment performance is the worst of the five Ivy League schools that have reported returns so far. Only Yale has posted a gain for the year, climbing 3.4 percent, while Harvard, University of Pennsylvania and Dartmouth have posted losses of 2 percent, 1.4 percent and 1.9 percent, respectively. “We recognize the importance of the endowment for the University’s finanEndowment Returns for Fiscal Year 2015-2016 cial interests and its research, faculty and students,” said Donald Opatrny ’74, the Falling behind | The University performed poorly among the Ivy League institutions chair of the Investment Committee in a in endowment returns, according to the 2015-2016 fiscal report released Thursday. statement. “Moving forward we are proactively examining, given this low- according to Joann DeStefano, Cor- world capital markets.” Kenneth Miranda, the University’s return environment, how to optimize nell’s chief financial officer. “The Investment Committee fourth chief investment officer since the endowment.” One of the proactive moves the Uni- believes over the long term the reloca- 2010, added that the move is in the long-term interest of versity will make is to Cornell even if the move the Office of “We recognize the importance of the endowment for “full merits will take University Investments to time to achieve.” New York City from its the University’s financial interests and its research.” Although office current location in Ithaca. Donald Opatrny ’74 space and salaries in The move was anNew York City nounced on Friday after being recommended at the Investment tion to New York City gives us even would be more expensive, DeStefano Committee’s Sept. 7 meeting and receiv- better access to potential staff who added that a 10-basis point increase in ing the stamp of approval from Interim might not be willing to move to endowment returns would more than President Hunter Rawlings a week later. Ithaca,” she said in a statement. “We’ve cover the difference in cost. The move represents an effort to had great staff hires, but this move will attract more potential employees who expand the population of potential can- Josh Girsky can be reached at may not be willing to move to Ithaca, didates. And it puts us closer to the jgirsky@cornellsun.com.

Students Voice Safety Concerns After Stabbing By ANNA KOOK Sun Contributor

While Interim President Hunter Rawlings announced the implementation of increased campus safety measures after last week’s stabbing, some Cornellians expressed concern that precautions do not extend far enough. After Wednesday night’s violent altercation and last month’s fatal stabbing of Ithaca College student Anthony Nazaire, both Rawlings and Cornell Police Chief Kathy Zoner sought to assure students that they are safe at Cornell. “Safety is our top priority

as violence has no place on or near our campus,” Rawlings said in an email. He added that, although there is no ongoing threat to Cornell, security provisions have been bolstered, mentioning that there will be an increased number of police patrols and Blue Light escort teams. Despite these measures, some students and parents say their safety concerns persist, explaining that, although no Cornellians were harmed in Wednesday night’s incident, the presence of violence on or near campus this semester has been startling. See STABBING page 5

After Multiple Delays

By JEANETTE SI Sun Staff Writer

Anabel’s Grocery, a Student Assembly-funded venture that aims to relieve food insecurity on campus, is slated to open next semester according to a statement from its co-presidents, Lizzi Gorman ’17 and Adam Shelepak ’17. Despite receiving S.A. funding last fall for a projected opening this semester, Gorman said the project faced several obstacles that have forced the team to keep postponing the opening date. After an original projected opening of February 2016, bureaucratic hurdles in the construction process pushed the date back to the beginning of the academic year and then again to next semester. For one thing, the team struggled to renovate the basement of Anabel Taylor Hall to become the grocery’s storefront, according to Gorman and Shelepak. “Delays in the construction process that are external to the student involvement in the project have pushed our timeline to opening in the middle of next semester,” Gorman said. “These delays were driven by unexpectedly high bids from contractors and subcontractors.” In addition to a sluggish construction process, Gorman also said the grocery encountered funding issues, with unforeseen costs making the project’s organization more expensive than originally projected. “While the funding asked [from the S.A.] was in line with cost projections at the time for the renovation, unknown-unknowns of the space See ANABEL’S page 4

Stunner in Hamilton

CAMERON POLLACK / SUN PHOTOGRAPHY EDITOR

Cornell football mounted an improbable comeback to stun No. 25 Colgate. The Red trailed 21-0 early before shocking the Raiders in the second half. After back-to-back one-win seasons, Cornell is 3-0 this year.


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