Thursday, September 20, 2012

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The University of Oklahoma’s independent student voice since 1916

T H u R s DaY, s E p T E m B E R 2 0 , 2 012

W W W.O U DA I LY.C O M

L&A: OU graduate creates art game played at Fred Jones (Page 8)

2 011 S I LV E R C R O W N W I N N E R

Opinion: Victory for all sides (Page 5)

OUDaily.com: Freshman volleyball player making a difference

eAT MORe CHiCKeN fiNANCe

HeALTH

OU to start fitness plan Program raises health awareness ARIANNA PICKARD campus Reporter

grAPhIC CreATeD bY eVIN MOrrISON/ The DAIlY

The OU foundation invests its money in a multitude of different private equity funds and other investment opportunites. This means foundation money is filtered through multiple countries as investment managers use different government tax codes and invest in different countries. Because of this, it’s possible for the foundation to invest here at home while simultaneously investing money in a chemical company in india.

OU foundation invests with Bain Nonprofit organization diversifies assests by investing overseas CHASE COOK assistant campus Editor

Himadri Chemicals and Industries deals in coal tar pitches, chemical oils and other substances. The company claims to be the largest Indian coal tar pitch manufacturer and has six manufacturing facilities in India and one in China, according to the company’s website. The company was listed in Forbes India’s list of businesses that “made money in sectors that never were on anyone’s radar.” It also claims that its current business model is sound thanks to investments from Citi Venture Capital International and other

investors. One of those other investors is the OU Foundation to the tune of $124,815 courtesy of Bain Capital, according to the foundation’s tax records. The $1 billion OU Foundation is a private, nonprofit entity that manages and spends money donated to OU. Some of those investments are given to venture capitalists or private equity fund managers — such as Bain Capital — who take that money and invest it overseas in companies like Himadri Chemicals and Industries. The foundation is charged with making the most of the money given by donors and making sure the donors’ wishes are carried to fruition, OU Foundation President Guy Patton said.

ACAdeMiCS

The target allocation rate is about 7 percent of the foundation’s investments that go to venture capitalists or private equity fund managers, Patton said. This diversifies the foundation’s assets and allows it to take advantage of growth in other countries, he said. “Oh god yeah, we wouldn’t invest if it wasn’t [a good investment],” Patton said. “We expect the returns on the investment will be higher than the returns on publicly traded companies.” In the foundation’s FY 2011 tax records, it lists 25 affiliated private equity managers, but the amount of money invested into those entities isn’t given. It also does not list all of the foundation’s investment managers, which is 67, Patton said. “The [tax See FINANCE PAge 3

CLASSiCS

Program welcomes Class to introduce letters major Course to begin most freshmen in next spring twelve years ALI HAUSNER

campus Reporter

Sooners top Florida State, Stanford for most undergraduate scholarship NADIA J. ENCHASSI campus Reporter

Nearly half of the recipients of a national meteorology scholarship for incoming freshmen joined the ranks of OU’s School of Meteorology this fall. It’s the most OU or any university has welcomed over the past 12 years, said David Parsons, director of the School of Meteorology. University College freshmen Andrea Balfour, Tyler Bell, Nicholas Cooper, David Harrison, Rachel Norris and Joshua Wadler received six of the 14 American Meteorological S ociety Freshman Undergraduate Scholarships in May before

matriculating to OU, according to the AMS website. In addition, University College freshman Brock Shetley received one of the five AMS Minority Scholarships. Pa r s o n s s a i d h e w a s proud, especially considering that these new freshmen students dominated the awards, even having upstaged Stanford, which had only one scholarship recipient this year. Even Florida State, which had the second-largest number of scholarship recipients, only received two winners this year, Parsons said. Increased awareness of See AWARD PAge 3

A new course designed to introduce freshmen to the letters major will debut next semester just in time to mark the program’s 75th anniversary. Classics and Letters professor Sara Coodin and Samuel Huskey, chairman of the Classics and Letters department, developed the course, which is designed to expose freshmen to the benefits of majoring in letters. Introduction to Letters will be offered for the first time in spring 2013, Huskey said in an email. The department hopes to develop a sense of community within Letters and Classics students early during their academic careers through the course, Huskey said. The first semester’s class will be limited to 30 students. “We want to keep the class size small enough to allow the professors

See HEALTH PAge 2

OU assistant coach gets player to reach potential eVIN MOrrISON/ The DAIlY

University College freshman Hope Harper (left) shakes hands with author Madeline Miller during a signing of Miller’s book, “The Song of Achilles,” Wednesday in the Oklahoma Memorial Union.

who teach it to lead productive discussion and to give meaningful feedback on papers and tests,” Huskey said. The professors in the department decided the course will rotate through a series of topics, each one addressing a perennial human concern such as reason, passion, love, death, work, God, freedom or time, Huskey said. Students will examine

the subjects by reading and discussing the great works of literature from different periods in human history. The goal is to introduce students to the Letters program’s three pillars by leading them through a historical survey of literary and philosophical approaches to essential human qualities.

campus Reporter

The university has endorsed six students to apply for two international scholarships this fall. Six graduate and undergraduate students have been selected by a committee of professors to represent OU

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@OUDaily, @OUDailyArts, @OUDailySports @OUDailyOpinion

VOL. 98, NO. 26

Six students selected for international scholarships SARAH SMITH

Sports: goalkeepers coach graeme Abel uses the skills he learned as a player to lift his goalkeepers to the next level. (Page 9)

See MAJOR PAge 2

AWARdS

Students evaluated on academic record

In a state where health statistics show room for improvement, one OU department is implementing a program to encourage and teach students to stay healthy and active. OU Fitness and Recreation created the Shift Gears Program, which uses social media and other venues to give tips to promote healthy habits. “One of our hopes and aspirations is that when students come to OU and they spend their education time with us, that they’re not only learning their academics in the classroom, but they’re also learning a healthy way of life that they’ll take with them beyond college,” said Amy Davenport, the director of OU Fitness and Recreation. The Shift Gears team includes the fitness and recreation director, instructors and graduate students, and also has been teaming up with UOSA members, Davenport said. The program has pages on Facebook, Twitter and Foursquare, where it lists tips for a different healthy habit every two weeks. “While we want people to come to the [Huston Huffman Fitness Center] and come to the intramurals, we understand that people can’t do that every day,” Davenport said. “This is a great way for them to stay in touch and really still be a part of their health and wellness every single day. It’s kind of expanding our

in the application for the Rhodes and Marshall scholarships this year. The candidates were narrowed down from 13 students through a formal series of interviews on Aug. 13, said Melanie Wright, faculty representative for the scholarships. The committee was made up of professors from a variety of disciplines, Wright said.

The scholarships provide students the opportunity for U.S. students to study in the United Kingdom, according to the scholarships’ websites. OU has produced 28 Rhodes Scholars in its history, according to the public affairs website. Students are evaluated on the basis of their academic record, examples of leadership and civic engagement,

according to a statement from the university’s committee. Before the interviews, the applicants submit to the university a miniature version of the official application form, consisting of a personal statement and a letter of recommendation, applicant Scott Renner said. After the interviews, the students whom the university

endorses must complete a more lengthy online application and submit a few more personal statements and more letters of recommendation, Renner said.

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9/19/12 10:54:03 PM


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