acuoptimist.com
Optimist the
Healthy Eating , page 5
Friday, October 1, 2010
Vol. 99, No. 13
1 section, 8 pages
FINANCE
University endowment increases over year Linda Bailey Editor In Chief
ACU’s endowment has increased despite the volatility of the stock market last year. “The movement of the stock market influences all markets, but there’s
not a direct correlation between what happens in the stock market and what happens in our portfolio,” Jack Rich, chief investment officer, said. In the year-long period ending June 30, the ACU endowment earned 15.1 per-
cent. Rich said the average return over the last five years has been 9.4 percent, which has pleased the university. The endowment has increased in the last year to more than $270 million. It peaked at $293 million in May 2008 and fell to $225
million in March 2009, Rich said. He said ACU lost about $45 million in market value between May 2008 and May 2009 but has since made up the losses in terms of returns. However, he said the endowment is not back to
its peak value because the university has distributed $30 million to areas such as student scholarships and university operations. “Over our history, we’ve received $146 million worth of gifts that have gone to the endowment; we’ve paid
Queen’s Ransom
out $162 million in distribution back to university,” Rich said. “So, even though we’ve paid out more than we’ve received in gifts, we still have an endowment of $270 million.” see MARKET page 4
CRIME
Student arrested for illegal drug use Alan Cherry Page 2 Editor
KELSI WILLIAMSON // Arts Editor
Ko Jo Kai members Jordana Chisolm, Kylah Riddle, Rachel Webb and Rebecca Hopkins celebrate their nominations for Homecoming Queen.
Many of the women say being crowned Homecoming Queen is not the most imOnline Editor portant part of receiving the nomination. Five Kojies, four Siggies and one DT were kid- Kylah Riddle, senior business-finance manapped during club activities Wednesday night jor from Dimmitt and a member of this and will serve as the 2010 Homecoming Court. year’s Homecoming Court, said she and the The 10 women were chosen out of more four other Kojies on the court are honored than 100 nominees to receive a spot on the to represent their club and its alumni. “It’s awesome to be nominated for Homecoming Court. Consistent with ACU tradition, the Homecoming Committee Homecoming Queen,” Riddle said. “We are kidnapped these women as soon as they proud to be represented by our club; we aren’t worried about getting Homecoming learned about their nominations. “These are the students that are most Queen – we are just excited to be on the active. They have to be known by the stu- court together. It’s a great experience.” This year Justin Prince, senior Bible major dent body to be nominated,” said Samantha Adkins, senior Alumni Relations officer. from San Antonio and president of Trojans, “They’re going to have fond memories, and made it into the top 20 nominees, Adkins said. this is another way to give them a memory see QUEEN page 4 they will have for the rest of their lives.”
Jozie Sands
Homecoming Committee kidnaps 10 queen hopefuls
ACU Police recently charged an ACU freshman with Class B Possession of marijuana and are investigating a criminal mischief charge for another student. Police responded to an anonymous report of two men in possession of a gun in the parking lot in front of McDonald Hall around 10:30 p.m. on Sept. 17. Chief of Police Jimmy Ellison said ACU Police officers quickly arrived at the scene and approached two men who matched the description. While the officers were talking with the two suspects, another individual approached the scene and reported one of their car’s windows had just been shot out by one of the suspects. ACU Police are currently investigating the evidence. “Through the course of their investigation they located what turned out to be a BB air rifle under the vehicle,” Ellison said. “As they continued their investigation they located a quantity of marijuana.” While searching the suspects’ car, ACU Police found half an ounce of marijuana in nine separate baggies, as well as smoking accessories and electronic scales. The individual who owned the car claimed possession of the marijuana and was arrested by ACU Police for Class B see DRUGS page 4
CONSTRUCTION
Loop line completion set for October Construction crews have successfully conArts Editor nected nine of 23 buildDespite rain delays and ings to the new heating several large events on and cooling loop line. The campus, construction rest of the buildings on continues to progress campus should be tied in on the new heating and to the circuit within the cooling loop line and the next two weeks, said Scot Royce and Pam Money Colley, director of physiStudent Recreation and cal resources. The Robert D. and Shirley Hunter Wellness Center.
Kelsi Williamson
completion in mid-October – assuming no rain delays or other setbacks. Rain has made for challenging and often impossible working conditions on the loop line project. Dennis said construction crews have found it is sometimes better to wait a see PIPE page 4
website
inside news Dr. John Bailey will receive this year’s Outstanding Alumnus of the Year award on Sunday, Oct. 10 for his work in missions. page 3
Welcome Center is next in line to begin running on the new system. Once the main heating and cooling line is completed, crews will finish the line’s feeders and then take time to demobilize their efforts. Both Colley and Zane Dennis, executive director of facilities and campus development, anticipate
opinion The editorial board presents both sides to the issue of legalizing marijuana – a debate making headlines across the country. page 6
GRANT STEPHEN // Staff Photographer
Construction continues as workers guide a piece of piping between Brown Library and Mabee Hall on Thursday.
weather video To see and hear the sports highlights of the week and to keep up with the Wildcat sports stats, watch the JMC Network Sportscast.
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