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friday, april 28, 1978
daily nebraskan
page 1 1
NU Foundation donations
handled by bank investors
By Robyn Ginn
Ticker tapes, rushed calls of buy and
sell, and stockbrokers in pin-striped suits
may typify the New York Stock Exchange,
but it is hardly the atmosphere for Univer
sity of Nebraska Foundation investments.
However, the foundation does invest in
37 big name stocks including Revlon, Sears,
Ford, General Electric, IBM and Bristol
Meyers, according to Herb Potter, Founda
tion secretary-treasurer.
Investment officers at the National
Bank of Commerce and First National
Lincoln scrutinize the foundation's invest
ments daily. The foundation pays the
banks about $18,000 to $20,000 a year to
handle its investments, Potter said.
For example, if a donor gives $10,000
to the foundation and does not specify
where he wants the money invested, it is
placed in a pool with other contributions.
About 45 percent is invested in stocks
and 55 percent in bonds, Potter said.
This fund amounts to more than $13.5
million, he said. Income amounts to about
6.5 percent a year, Potter said.
Although most donors do not specify
how they want the money invested, 95
percent do specify how they want the in
come spent, Potter said. They may want it
spent for scholarships, memorials or re
search grants, he explained.
The remaining 5 percent is distributed
by the foundation's Awards and Grants
Committee, he said. The committee
approves or denies requests for unspecified
gifts, he said.
The foundation also invests in govern
ment and corporate bonds, Potter said.
These bonds pay up to 8.5 percent interest
and some are due as late as 2005, he said.
Potter said the foundation's assets total
between $30 and $32 million. The total
amount donated to the foundation during
1977 was $4.2 million, according to the
1977 Roll of Donors. This is the largest
amount given in one year since the founda
tion began 41 years ago, Potter said.
'The purpose of the foundation is to
give financial support to the University of
Nebraska by soliciting, receiving and
administering gifts of all kinds for the
benefit of the university," Potter said.
Donors are categorized according to
how much money they give. The
Chancellors Club has pledged a gift of at
least $10,000, the Golden Century Club
has donated $500 or more, and the Silver
Century Club has donated $250, according
to the Roll of Donors.
The foundation solicits donors by
letters, telephone calls and programs set up
by different classes. Often possible donors
are determined by past gifts, Who's Who
and past publicity and are sought for a
certain amount, said lid Hirsch, vice presi
dent of public relations and development
for the foundation.
In fiscal year 1976-77, the foundation
spent about $2.5 million, the largest
amount, $778,038, going to student assist
ance, Potter said. Assets increase about two
to three million dollars every year, he
added.
'The success of the foundation is
measured by how much money is made
available to UNL," Potter said.
The foundation also has a development
fund which partly pays for operations, he
said.
Gifts to NU and the foundation rank
highest in the Big Eight, Hirsch said.
Summer enrollment to equal 1977
Surimer session officials project that
enrollment in UNL's three summer sessions
will be close to 14,000, the number
enrolled last summer.
William Sesow, associate director of
summer sessions said students should be
aware that early registration still is
underway for the second session.
Sixty special workshops, some for
credit, will be offered this summer to
address current topics, Sesow said. He said
the workshops will be coordinated like
courses, but will give students and faculty
an opportunity to apply their knowledge
to current topics more than classes allow.
Bilingual Awareness Education in
cooperation with the Houston public
schools will be offered this summer for the
first time, he said. The program is part of a
larger bilingual education program, Sesow
said.
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