SPORTS PULLOUT: BASKETBALL PREVIEW The Independent Student Newspaper
B r a n d e is U n i v e r sit y S i n c e 1 9 4 9
Volume LXVI, Number 11
Tuesday, November 12, 2013
ONE ON ONE
Endowment grows, aiming for a billion ■ The endowment reached
$767.7 million for the 2012 to 2013 fiscal year and is projected to rise again. By marissa ditkowsky JUSTICE editor
The University endowment increased 17.6 percent over the 2012 to 2013 fiscal year, and a seven percent increase is projected for the 2013 to 2014 fiscal year, according to data provided by Chief Investment Officer Nicholas Warren in an email
to the Justice. Warren wrote that updates on the current state of the University endowment were presented at the Oct. 31 Board of Trustees meeting. According to the data, the endowment for FY2013 reached $767.7 million, with $13.8 million donated. The projection for the 2013 to 2014 fiscal year is at $785.4 million, and $10 million in donations are anticipated. The five-year forecast projects that the endowment will be at $881.9 million, including expected donations of $35 million. Warren wrote that the donations
See ENDOWMENT, 7 ☛
ROSE ART MUSEUM
Campus to welcome new Rose installation
■ Artist Chris Burden
designed a permanent installation which will be completed by April 2014. By rachel hughes JUSTICE editor
As the culmination of several months of research and negotiations, the Rose Art Museum will acquire a piece that the museum’s organizers hope will change the way that students interact with the museum as a fixture of campus life. The piece,
which will soon be under construction and will be completely installed at the entrance of the Rose by late April, is a permanent outdoor installation created by artist Chris Burden. Born in Boston, Burden has been an active artist since the early 1970s and has worked with the mediums of installation, sculpture and performance art. Burden has created a piece called “Light of Reason” for the Rose to be placed outside of the entrance to the museum. Burden took conceptual inspiration from the seal of the University, and garnered its title from the words of Justice Louis
See BURDEN, 7 ☛
MORGAN BRILL/the Justice
The men’s soccer team qualified for the NCAA Division III tournament for the second year in a row. The first game will be Saturday at 5 p.m. See page 16 for full coverage.
Fundraising down $6 million from last year ■ The Office of Development
attributed the decline to a lack of ongoing major construction projects. By ANDREW WINGENS JUSTICE EDITOR
COURTESY OF LANDWORKS STUDIO, INC.
WORK OF ART: BrandeisNOW released a computer-generated projection of the installation yesterday. The piece will be installed outside of the Rose Art Museum.
The University raised $54.7 million in cash gifts in fiscal year 2013, an almost six million dollar decline from the previous year’s $61 million total. While the Office of Development attributes this decline to a lack of major ongoing construction projects, it is still looking to alumni to increase its base of alumni contributors. According to a statement from the Office of Development, “[t]he change reflects the fulfillment by donors of major capital and endowment pledges
made during the recently completed Campaign for Brandeis.” The Campaign for Brandeis was the last major capital campaign, which stretched from 2001 until the beginning of University President Frederick Lawrence’s presidency in 2011. In an interview with the Justice, Senior Vice President for Institutional Advancement Nancy Winship attributed the decline to the fact that there are no new facilities currently being built. “When you’re building—we’re not building any buildings right now— that makes a huge difference in the numbers you report because if you’re building the [Shapiro] Campus Center, if you’re building the Mandel Center [for the Humanities] or the [Shapiro] Science Center, there’s all this money coming in for those projects.” Donations for buildings are gener-
See FUNDRAISING, 7 ☛
An alumna of the Heller School received a prestigious grant for her clothing start-up company.
The men’s soccer team earned an NCAA tournament berth with a win on Saturday.
Hillel at Brandeis gained an interim director following Larry Sternberg’s departure.
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ally multi-year pledges, some of which are still being paid off by the donors, said Winship. The University will also soon launch a new capital campaign, which will focus less on constructing physical facilities and instead emphasize gifts for student scholarships and fellowships, endowed faculty chairs and funding for the strategic plan. “We’re working on what the gift opportunities will be out of the strategic plan,” said Winship. “What we need to do, and it’s most important, it’s a work in progress, is decide with the provost and trustee input, faculty input ‘what are the priorities that we want to raise money for.’” By the end of this year, Winship said the administration will have a refined gifts opportunities list, which will include endowed chairs and financial
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