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StevenstheStute
Volume CXVII Issue 1
September 6, 2019
Established 1904
Where Lime Scooters come to die
Hoboken Mayor officially launches Vision Zero campaign
By JONAH KRAMER RICHARDS Since Lime electric rental scooters were first introduced in Hoboken in May, they have picked up popularity much faster than their maximum speed of 14.8 mph. Whether you have seen them being ridden along the water on Sinatra Drive or rented one yourself, the estimated 21,500 unique riders paying $1 to unlock a scooter and 29 cents per minute to zip through the city show that these are widely popular in the area (at least for tourists and students). However, there is one place that does not tolerate these scooters whatsoever, and that is the Stevens campus. Lime scooters are strictly not allowed anywhere on campus, and Stevens is blacked out from the Lime app’s map entirely. Scooters will not work once they are parked on campus and, as this means that Lime will not make any money from these scooters, they are removed quickly. A student seen riding on campus will receive warnings, and eventually be reported to the Dean of Students. It may seem that these rules are strict and limiting student mobility, but electric scooters are a major safety concern on campus. Because of the high volume of pedestrians, and narrow walkways due to construction, it is a “safety risk” to allow scooters, according to Director of Traffic Demand Management Luke Hansen, and the school could be held liable if someone was injured in a scooter-related accident while on campus or passing through. While the scooters may not be allowed on campus, they are still al-
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Dr. Dilhan Kalyon appointed as new Interim Vice Provost
By JOANA FARDAD
Photo courtesy of Insider NJ
The Power of Stevens: Still positive after $10 million loss By DAKOTA VAN DEURSEN On May 24, 2019, the Stevens community received an announcement detailing updates to the new academic center under construction at the corner of 6th and Hudson. A hidden surprise lay in the text of the email: The Gianforte Family Foundation has reconsidered their controversial second $10 million gift. “It was a pledged commitment just in the way that a lot of donors make commitments […] [it] enables a donor to reach a larger total toward a project,” says Dawn da Silva, Associate Vice President for Development. Since 2013, her office has managed The Power of Stevens, an ambitious capital campaign. The Foundation alone helped Stevens raise $20M of the campaign’s original $150M goal. The Summer 2018 campaign newsletter boasted a new target, reflective of the booming success: “$200 million by 2020.” Despite the recent change, da Silva remains positive. “Losing this $10 million gift for the campaign… is not good. Losing one very special gift: you feel that, but there is still an upward trajectory.” She cites the pride that an ever-growing alumni
Dr. Dilhan Kalyon has been appointed the new Interim Vice Provost for Research, Innovation and Entrepreneurship. Dr. Kalyon has served as a professor at Stevens in the Department of Chemical Engineering and Materials Science as well as in the Department of Biomedical Engineering. He is taking the place of the previous Vice Provost for Research, Innovation and Entrepreneurship, Dr. Mohammad Dehghani, who began his term in August 2013 and is now moving on to serve as the Chancellor for Missouri University of Science and Technology. Kalyon received a bachelor’s degree in Chemical Engineering from the Middle East Technical University in 1975, before proceeding with graduate studies at McGill University to obtain his Ph.D. and Master of Engineering in Chemical Engineering by 1980. Kalyon stresses the importance of lab safety, saying that, “For research involving laboratories obtaining proper training and then obeying the rules are absolutely essential; not doing so can lead to endangering [your]self or colleagues in the lab or the destroying of research equipment.” Dr. Kalyon began working at Stevens in 1980 as an instructor in the International Programs Office, and by 1999 had become an institute professor. He has over 170 refereed journal publications, and has been awarded the International Research
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body feels for their alma mater and the exciting projects around campus as reasons behind the campaign’s success. “Of course it’s a setback […] however, there are so many good things happening and so many alumni that feel positively about Stevens,” she says. Gesturing towards the University Center construction site, da Silva laughs, “Big things are happening. There’s a big hole in the ground!” Da Silva herself is not in a position to comment on the reasons behind the reconsideration. “[President Farvardin] really is the point of contact for [Gianforte] on campus,” she says. However, the Office of the President seems similarly at a loss. “The Foundation did not give a specific reason,” says Beth McGrath, Chief of Staff. Much the same as da Silva, McGrath is optimistic that affairs at Stevens are continuing without pause. “All campus infrastructure projects are proceeding as planned,” she says. McGrath refers mainly to the Gateway Academic Center which initially bore the Gianforte family’s — and subsequently their Foundation’s — name. McGrath adds, “The delayed opening of the Gateway Center is unrelated to the Gianforte gift,” echoing
50 years of the library— time to celebrate! By SANJANA MADHU
By ALEKSANDAR DIMOSKI
TheStute
August 28, 2019 marked the 50th anniversary of the Samuel C. Williams Library. To commemorate the library’s extensive history, a luminous celebration was held in the Great Hall and Sam’s Place, including souvenirs, refreshments, and informational brochures. On display was the library’s newest exhibit, Discovery and Exploration: The History of the Stevens Library, designed by the Archives and Special Collections department. The exhibit delves into the origins of the Samuel C. Williams Library and tells the tale of how it came to be. The library, originally located in what we know today as Edwin A. Stevens Hall, was constructed in 1870. At the time, the library was constrained to a small room containing various educational texts catering to the engineering community. In 1902, a varied collection of historical and philosophical texts aiming to create a well-rounded engineer with a broad academic foundation was donated by the college’s first president, Dr. Henry Morton, following his death. With this momentum, the library experienced aggressive growth over the next few decades. In 1902, the university obtained Babylonian cuneiform tablets from President Alexander C. Humphreys. These tablets are in fact the oldest artifacts in the library, dating back to 2350-2100 B.C.E. As the academic collections began to grow larger, the understaffed library began to exceed its capacity; students and faculty begged for reform. Soon, a professional librarian was given the daunting responsibility of organizing the seemingly lawless library. Enid May Hawkins fulfilled the role of professional librarian and solely sustained the library for
the next four decades. By the late 1940s, the library became a vibrant space for students and faculty to study and conduct research. Thanks to Hawkins, the library collection grew six times in size, and it gained various new historical collections, such as the Stevensiana Collection, which collected materials related to the history of the Stevens family and history of Stevens. To this day, primary sources are collected by the Special Collections department to continue documenting the legacy of the Stevens family. But the Stevens family manuscripts are not the only important documents saved in the library. A fair share belongs to the famous artist and engineer Leonardo da Vinci, thanks to John W. Lieb, a
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Photo courtesy of the SCW Library
a campus announcement published by Robert Maffia, Vice President of Facilities and Campus Operations, on August 30, 2019. The Power of Stevens continues to ride a wave of success. “It is important to also recognize the generosity of many others who have contributed to what will be a state-of-the-art academic center [and] not lose sight of their generous donations,” says McGrath. “The [campaign] team are fully committed and actively working to meet and exceed the $200 million campaign target.” Da Silva reaffirms that “everyone is committed to reaching our goals. I think we are well positioned to do that. The campaign keeps moving forward. [As of the end of August,] we are at $167.3 million.” The Stute reached out to The Gianforte Family Foundation in July. Catherine Koenen, Executive Director, says the “decision [was] made above her.” Congressman Gianforte is currently actively campaigning in the 2020 Montana gubernatorial race. Both his congressional Washington, D.C., office and Helena, Montana, campaign office have declined to comment for several weeks.
On August 28, Hoboken Mayor Ravi Bhalla signed an executive order officially launching the Vision Zero safety campaign in the area. Vision Zero is a safety project with the objective of achieving zero fatalities or serious injures involving on-road traffic. This project is set to be completed in 2030 in the Hoboken area. Citizens and reporters gathered around the Mayor’s Office to hear Bhalla speak about the launch of Vision Zero. “As our population grows, so do traffic-related injuries,” said Bhalla. Over the previous five years in Hoboken, 376 people were injured and 3 civilians were killed due to crashes. 83% of pedestrians involved in a crash were injured and 76% of bicyclists involved in a crash were injured as well. “This is one of the most ambitious goals in the country,” Bhalla said. “[It] creates a Vision Zero task force that will develop an action plan. This plan to be developed over the next year will outline concrete steps that will allow Hoboken to achieve our goal. And will include new ways for people to identify traffic safety concerns on their block.” When straightforwardly asked about how Vision Zero will directly impact the Stevens community, the Mayor was quick to ensure that “[Stevens] is an integral and valuable part of the city of Hoboken and our community.” He further continued, “We encourage Stevens students and faculty to become involved in our Vision Zero initiative.” Many students from Stevens use the roads as pedestrians, so students have as much skin in the game as anyone else, and Bhalla welcomes any Stevens students who would like to apply to become a part of the Vision Zero task force or to serve as a Stevens ambassador as a part of the ambassador program. “That way we can identify particular
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Stevens breaks $200 million in endowments By AHMED GHANI Stevens Institute of Technology has reached a record-breaking $207M endowment in Fiscal Year 2018 (FY18), according to a new report. Endowment gifts are “typically comprised of cash or securities, or sometimes real estate or assets,” which are given to a university by individuals, charitable organizations, and sometimes other institutions. With the endowments on the rise, J. Scott Swensen, the Chair of the Investment Committee, stated in the FY18 Stevens Endowment Report, “Rest assured that we will continue to steward the Endowment with great care as it grows and enriches our students, faculty and academic programs.” The university’s endowment has grown by $51 million during the past five years from $156 million in 2013. $34 million of the Endowment has been distributed over the past five years to support faculty, academic programs, and students. The endowment return rate for the fiscal year of 2018 was 5.37%. This is lower than 2017’s 9.69% return rate, but remains in the black. This puts Stevens on the path for betterment in all aspects. It is important to realize that universities are practically ranked by these metrics. In “The Chronicle of Higher Education,” universities are ranked by their endowments per year, and the list strongly coincides with 2019 Best Colleges list on U.S. News & World Report. Nearly 400 individual funds, some of which have dedicated donors and specific purposes, compose the endowment portfolio. This past fiscal year, Stevens received one of the largest single gifts for scholarships in the history of the university. Swensen says in the FY18 Endowment Report, “$15 million, from the A. James and Alice B. Clark Foundation,” was bestowed upon the university.
Though these funds may be pooled into a single portfolio, but the benefits are felt throughout all aspects of the institute. For example, 42% of the endowments are used for scholarships and financial aid. The second largest category is instruction (28%), which provides for the professors and teaching assistants. The third largest category (18%) of the endowments is for professorial chairs, professors who are involved administratively with Stevens and serve on higher boards. The remaining endowments are then used on smaller venues, like the library or laboratory maintenance. In addition, the Board of Trustees approved of, per Swensen, $2.3 million for the Endowment on the support of faculty in FY18. Stevens also goes through endowment management in accordance with the Investment Committee. The FY18 Stevens Endowment Report states, “The Investment Committee is to oversee the Endowment to support the university’s Strategic Plan and ensure that the Endowment benefits both current and future generations.” Currently, Stevens’ Outsourced Chief Investment Officer (OCIO), Goldman Sachs, manages 82% of total assets in the portfolio. When investing, risk management takes a role when striving to optimize return for the portfolio. In addition, growing the value of the Endowment is critical for ensuring a steady source of income, and that is achieved by “a well-diversified portfolio and a conservative spending policy,” according to the Stevens Endowment Report of FY18. A considerable 25% of the endowments are invested in U.S. equity, with another 18% invested in Investment Grade Fixed Income. Another 15% is invested in non-U.S. equity with the remaining few percentages put into areas like private equity, hedge funds, real estate, and others.