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The

Davidsonian Independent student journalism since 1914

inside

davidsonian.com

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Voting in Davidson? Natasha Marcus, Christy Clark, and Jeff Tarte answer our questions

October 31, 2018 Emma Tayloe ‘19 and Jamie Montagne ‘22 reflect upon personal and corporate commitments to sustainability

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President Carol Quillen shares an essay about a transformative trip to Israel-Palestine

Volume 114, Issue 8

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Amateur instagram influencer radically impacts on NC midterm elections

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Dean Rusk: Celebrate or Protest?

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On Monday evening, members of the Davidson community gathered to mourn the lives lost in Saturday’s tragic shooting at the Tree of Life Synagogue in Pittsburgh, PA. Photo by Elayna Daniels ‘21

Deconstructing Davidson’s Endowment and Investments

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JULIA KNOERR ‘21 STAFF WRITER

or many students, college finances appear convoluted and do not frequently enter daily concerns. Consequently, misconceptions often arise about differences in the college’s endowment and investments versus its budget and spending. To better understand Davidson’s investment process, The Davidsonian sat down with Ray Jacobson, Chief Investment Officer, and Chris Barrera, Investment Operations Manager. Davidson is currently in the process of hiring a new Chief Financial Officer. Davidson’s operating budget consists primarily of revenues from tuition and fees,

endowment income, and gifts and trusts. These revenues support compensation, financial aid, and other operating expenses. However, the college’s budget and spending are distinct from its endowment and investments. Jacobson explained the relationship between the endowment and investments: “The endowment consists of past gifts and investment appreciation. It grows when investment returns are positive. This goes into perhaps a misperception—no tuition dollars go into the endowment.” Gifts are often directed towards a specific purpose, but endowment funds only go towards Davidson College and its constituents. In a statement emailed to The Davidsonian, President Carol Quillen added, “The

endowment provides critical funding that supports scholarships and faculty positions and helps sustain day-to-day operations of the college… The endowment has been quite successful. Our returns have been above average compared to other schools, while our risk has been below average.” A feature in the Fall 2017 Davidson Journal noted that Davidson’s endowment “ranks 18th in size among the college’s official peer set of 21 schools.” How can Davidson meet 100% of calculated financial need with an endowment significantly smaller than that of many other institutions? Jacobson emphasized, “One reason [we can commit to meeting 100% of calculated

EMMA BRENTJENS ‘21 STAFF WRITER

stimates place the Vietnam War’s death toll at over one million casualties, including civilian and military deaths on both sides, between 1955 and 1975. Known as one of the staunchest defenders of the war, Dean Rusk ‘31, then the Secretary of State, returned to campus ten years after the war ended to give a speech at Fall Convocation. According to the Davidson College archives, he spoke about international relations, nuclear warfare, and the arms race between the United States and Russia before introducing Davidson’s new international studies program. Most students at Davidson have interacted with Dean Rusk’s name at some point, whether through Rusk Eating House, the Dean Rusk International Studies Program, or conversations around campus. However, many students do not know the person behind these organizations. Rusk was involved in a variety of activities during his college years. He was active in the Student Government Association, serving as the president of his first year class. During his sophomore year, Rusk was on the Court of Control, an organization created after the school abolished hazing to “retain some form of control over the Freshmen.” The following year, he was the vice president of his fraternity, Kappa Alpha. Finally, his senior year, Rusk served as the president of the YMCA. Rusk also played for the varsity basketball and tennis teams and participated in several clubs, including the international relations club. Rusk graduated from Davidson with a degree in political science. In 1930, he became the college’s sixth Rhodes scholar. Rusk maintained close ties to Davidson, and his name is widely recognized on campus nearly nine decades after his graduation. The Dean Rusk International Studies Program provides funding for lectures on international topics, travel grants, cultural events, and independent projects. It is separate from the study abroad office. Dr. Jonathan Berkey, a history professor and the program’s interim chair, said, “the work that the program does is really wonderful… There are not many places that have something quite like this.”

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Students Reflect Upon Dropping Eating Houses

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JACK DOWELL ‘21 STAFF WRITER

ust under two thirds of women at Davidson join an eating house during their college careers, and self-selection is one of the defining social moments of spring semester. But not everyone who decides to join one of the four eating houses retains membership for the next three years, and somewhere between 5-10 people leave each house every semester. Emma Tayloe ‘19 joined Warner Hall Eating House the spring of her first year and ended up dropping it the fall of her junior year as the house became less important in her life. “I was living in the Sustainability Co-op

my junior year and was getting a lot of my meals there. I had a lot of social time with other people as they were around the house … And then it was also one of my busiest semesters,” she recalled. Eating houses, according to Erica Miller ‘19, Connor House’s president, “offer sisterhood, a common connection, another place to get food, another philanthropic outlet … and just a common connection among a group of women.” But two issues that generally lead to members dropping are the large time commitment and financial dues each semester. According to Miller, when she talks to departing members of Connor about their reasons for leaving, “typically the response I get is split between commitment, they didn’t realize how large of a commitment it was, and not

seeing the benefits for what they’re paying.” Concerns about time are one of the most common reason members drop their eating houses. “We all balance crazy stuff here at Davidson, and sometimes you’ve got to cut something out,” said Claire Thompson ‘19, Warner Hall House’s president. “It’s a little harder to be a very passive member of Warner. I think it’s a thing people need to be aware of.” Ashley Frye ‘19, a former member of Connor House, returned to Davidson after being away from Davidson for a year and a half. “I didn’t really miss [Connor] when I wasn’t there, and I didn’t want to waste time doing things that I wasn’t particularly passionate about,” said Frye. A concern shared by Patterson Court Council (PCC) as a whole is first-year ex-

pectations. According to Julia Caldwell ‘19, Turner House’s president, “Something PCC is working on is people not having a good idea of what eating house expectations are. I think the culture for explaining eating houses for first years is that you can make it what you want it to be. And that’s not really true; there are expectations you’re expected to uphold.” Thompson echoed the concern, mentioning, “Elia Ramirez [‘19], the Eating House Ambassador [to PCC] has come to a lot of eating houses and said, ‘you should make the expectations more clear for members in terms of how many hours you’ll be working in the house.’”

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