INDEPENDENT SINCE 1880
The Corne¬ Daily Sun Vol. 136, No. 27
TUESDAY, OCTOBER 29, 2019
n
12 Pages – Free
ITHACA, NEW YORK
News
Arts
Sports
Weather
Political Dialogue
Keeping It Casual
Back on the Ice
Overcast
Students groups have planned a panel discussion ahead of Scott Walker's scheduled talk on Nov. 4. | Page 3
Playing video games without consequences can still be fun, writes columnist Olivia Bono ’20. | Page 6
Sun reporters share their thoughts on men's hockey's upcoming season. | Page 12
HIGH: 63º LOW: 52º
‘Big Red’ Bleeds Red With $104 Million Deficit By JOHNATHAN STIMPSON Sun News Editor
BORIS TSANG / SUN PHOTOGRAPHY EDITOR
New purpose | The food pantry is in the former Sigma Phi Epsilon fraternity house.
C.U. Food Pantry Boasts More Hours, Space By LOUIS CHUANG and HANNAH KIM Sun Contributors
Sparked by the success of a student-run pantry last semester, the Cornell Food Pantry launched Oct. 16 to continue the work of providing food to those in need under a new and improved model. The revamped pantry will provide food and personal care items to students pressed for funds in a confidential manner. Replacing Bread-n-Butter Pantry, which was founded by Gloria Coicou grad and operated out of the space Anabel’s Grocery currently occupies, the new University-run food pantry will be run in a bigger space and with longer hours.
Despite a 6.5 percent increase in tuition, Cornell has once again lived up to its “Big Red” nickname for the third year in a row: According to its annual financial report released days ago, the University posted an operating loss of $104 million for the fiscal year ending June 2019. When non-distributed endowment returns, reductions to anticipated pension liabilities and grants for capital acquisitions — all of which are classified as not directly related to the University’s “core, day-today activities” — are included to find total change in net assets, that figure rises to a surplus of $129 million, although Cornell still reported negative total cash flows of $109 million. While total operating revenues grew by 4.8 percent in fiscal year 2019, expenses edged up by an even greater 5.3 percent to put Cornell in the red. “This report describes a healthy University, despite its operating loss,” wrote
“This report describes a healthy University, despite its operating loss.” Joanne DeStefano Cornell’s Chief Financial Officer Joanne DeStefano, who, in the report, partially attributed the uptick in expenses to the hiring of 248 additional employees at Weill Cornell Medical College. Case in point, by far the largest expense remains wages, pensions and benefits for Cornell’s nearly 18,000 employees, amounting to $2.9 billion and 64.8 percent of its
COURTESY OF CORNELL UNIVERSITY
All about the money | Over the past fiscal year, Cornell’s total operating revenues grew by 4.8 percent, from $4.1 to $4.3 billion, driven by the strong growth of Weill Cornell’s clinical services.
budget. Although Cornell’s position as a non-profit anchored by an over $10 billion endowment means that it does not face the same pressures to run a surplus as companies of a similar size — the deficit still prompted the University’s top accountant to call for finding new avenues of growth and cost-cutting. “To improve operational results in the future, the University must take advantage of opportunities to increase revenues and/or reduce expenses, while continuing to deliver
its mission to discover, preserve, and disseminate knowledge,” wrote William Silbert, associate vice president and University controller, in the report. Despite a tuition hike and 3 percent enrollment expansion that raised an additional $44 million, over the last year, the University received only 17 percent of its revenues from tuition, a relatively small number similar to the revenue coming from See FINANCES page 5
See PANTRY page 4
Prof. James McConkey Dies at Age 98
Magic in the air
Remembered for ‘lively personality’ by friends, colleagues By MEGHNA MAHARISHI Sun Staff Writer
MICHAEL SUGUITAN / SUN STAFF PHOTOGRAPHER
Adults and children alike are caught up in the magic as area residents and students gather last weekend to celebrate Wizarding Weekend. For more photos, see page 5.
Celebrated writer and mentor Prof. James McConkey, English, who had been a professor at Cornell for nearly four decades, died on Oct. 24. He was 98 years old. McConkey was known for his nonfiction essays, which were heavily rooted in his own personal experiences. In addition to some of his works that appeared in The New Yorker, McConkey also wrote and edited 15 books, according to a University press release. “We all came to love his presence, and subver-
siveness, his calmness and Memory” English course, patience as much as his according to the press nonfiction,” Prof. Helena release. He was also instruViramontes, English, wrote mental in establishing the in an email to The Sun. Cornell Council for the Some of McConkey’s Arts in 1965, an organiworks include his 1968 novel “We all came to love his Crossroads: An Autobiographical presence, and subersiveness, his Novel, which is calmness and patience as much based on his expeas his nonfiction.” riences with his wife and three Prof. Helena Viramontes sons. McConkey also wrote Journey to Sakhalin, a 1971 novel zation that still exists that that is based on the 1969 promotes contemporary art Willard Straight Takeover. on campus. During his time at McConkey, who was Cornell, McConkey taught the popular “Mind and See ENGLISH page 4