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TECHNICIAN
in millions
Total endowment vs gifts and commitments by year
900 800 700
t al To
600
en
do
w
n me
february
25 2014
Raleigh, North Carolina
technicianonline.com
1000
tuesday
The total endowment goal for 2019 is
$1 billion
Progress toward endowment goal
$769 million total endowment
t
there were
13,351
500
total donors in 2013
400
77%
Drop date adjusted, reading days at risk
Percent of 2013 endowment to 2019 goal Staff Report
300
20%
$139 and the average donation was
200 100 2009
2010
2011
2012
2013
$198 million in gifts and commitments in 2013
Horner said many alumni who give $1,000 or more to N.C. State become a member of the Chancellorâs Circle, which includes a mix of faculty members, staff and alumni. According to the Chancellorâs Circle webpage, members get invited to special events for the year that they donate in. Members can become fellows or partners by donating $2,500 or $5,000 respectively. Carlo Laurore, the associate director of gift planning, said he works to secure legacy gifts, which typically involve endowments that help the University during a long period of time. âPlanned giving involves gifts
The snow may be gone, and the ice may be melted, but that doesnât mean the two snowstorms that shutdown campus earlier this month are finished causing problems for students, professors and administrators alike. In an attempt to make up for the three full days and three additional partial days lost due to snow, university officials announced Monday that the drop date will be pushed back one week. The last day to drop a course without penalty will now be March 10. This will also be the last day to change a course from credit to audit at all levels and the last day to change to credit only. âSometimes faculty have to postpone midterms or other major assignments, so we decided to allow a few extra days,â said Vice Provost and University Registrar Louis Hunt. Hunt said the Faculty Senate, Provost Warwick Arden and faculty members from Registration and Records decided to make this change, which is now reflected on the official academic calendar. However, the adjustments to the academic schedule donât end there.
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Source: 2013 NCSU Annual Financial Report, University Advancement
The numbers behind the numbers What made 2013 the most successful year in university history for giving Jess Thomas Staff Writer
N.C. State raised nearly $200 million in gifts for 2013, beating the total for 2012 by 78 percent. According to a University Advancement report, the school collected $198,214,355, with a goal of a $1 billion endowment by 2019. Through smaller gifts, the Annual Giving office raised $1,604,166 from alumni, parents, students and friends in 2013. A total of 13,351 donors gave an average of $139, according to Ann Horner, the executive director of the N.C. State Annual Fund. In 2013, the University received three eight-figure gifts and pledges, according to University Advance-
ment. Prestage Farms was one of three such donors, and its gift endowed the Department of Poultry Science. Horner said there are two types of gifts: major gifts and minor gifts. Minor gifts are usually paid in a lump sum while the major gift requires a more serious commitment, such as the Park Scholarship. Horner said annual giving helps to pay for new lab equipment, recreating curriculum and hiring new faculty members. âSince N.C. State is a research university, it is critical that we are cutting edge and state of the art, and thatâs very costly,â Horner said. Horner said one of the main reasons that giving is at a record high is because people are becoming com-
fortable with the economy and the job market. âI would say the feeling of giving in our country is in a better place; the conversation about jobs across the state and nationwide factors in, and it gives people a feeling of plenty. People feel comfortable sharing,â Horner said. Horner said the annual giving office stresses reaching out to alumni individually according to additional factors such as age and the activities they were involved in while attending the University. âWe treat our younger alumni differently than someone who is celebrating their 50th anniversary,â Horner said. âItâs called segmentation; we want to talk to audiences in a way thatâs pertinent to them.â
Student fees to help fund sustainability Rizwan Dard Correspondent
N.C. State recently established a Sustainability Fund through a student-led campaign that is expected to produce $85,000 per year. A sustainability fee of $3 a year will fund the initiative, vesting N.C. State in a push for sustainability. According to Kyle Barth, Chair of the 2013 -2014 Sustainability Fund Board, the fund was designed to give students a voice. âIâm excited to be involved in the inaugural year and give students an opportunity to have a seat at the table to develop N.C. State sustainability,â Barth said. âThis initiative has been started across peer institutions with the collective goal to improve sustainability. This fund has the potential to empower students.â The fund is accepting proposals
until March 17 for short-term projects that produce immediate impact or long-term projects that would grow in funding and size over time. Barth said sustainability is a hard term to define, and as a result, the board could select proposals relating to a variety of disciplines. âThe board is excited to take in a large variety of proposals that range from education, outreach, infrastructure, seminars and technology,â Barth said. âThe aim is to change the standard specific discipline that sustainability is. Sustainability could be a part of anything.â The board also consists of alumnus Matt Melillo, Nathan Pedder, a senior in mechanical engineering, and Joe Murray, a senior in mathematics. In addition, there are three faculty members including Derek
PHOTOS COURTESY OF KYLE BARTH, NATHAN PEDDER, JOE MURRAY
Kyle Barth (left), senior in electrical engineering, Nathan Pedder (middle), senior in mechanical engineering and Joe Murray (right), senior in mathematics are members of the Sustainability Fund Board.
SUSTAIN continued page 3
Merit of unpaid internships still up for debate Jacqueline Lee Staff Writer
When a federal district court judge ruled in June that Fox Searchlight Pictures should have compensated two unpaid interns during the filming of Black Swan, several other lawsuits emerged challenging the prevalent practice of unpaid internships, Businessweek reported. The lawsuit against FSP claimed
that the two interns did menial tasks for their employer, such as taking out the trash and getting coffee, and didnât get the work experience to offset working for free. The story of the Black Swan interns and others who have been taken advantage of by their employers is something recent graduate Cassia Lewis can relate to. Lewis graduated from the College of Textiles in December of 2013 and
is now a product and sales coordinator for the International Textile Group in Greensboro. Though Lewis said she actually received valuable experience for an unpaid internship, she was doing work that a paid employee would do. âI did a lot of work as an intern that they should have hired somebody to do,â Lewis said about her internship with retailer Shawlsmith London. âI still do love that compa-
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ny and I had great experiences that definitely benefited me not only in the position Iâm in now, but also in other aspects of my life.â Lewis did get class credit for the internship and assisted the company with social media maintenance, shipped packages and assisted with planning and organization for the office. Lewis said the problem with unpaid internships, in her opinion, is
that many companies in general do abuse the internship process because an internship is supposed to be an educational experience where you shadow professionals. âTo me it felt like I was doing a job somebody shouldâve been getting paid for,â Lewis said. âIt was like a part-time job working over twenty hours a week.â
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