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Business world offers options
By Ami Elgert
Staff Reporter _
By simply investing money
in a stock or bona or pur
chasing certain checks, a
person can support national so
cially conscious organizations.
The Pax World Fund is a mu
tual fund that invests in compa
nies that produce life-suppor
tive goods and services, accord
ing to Ben Lovell, contract admin
istrator of Pax World Fund, Inc.
Monies put into the Fund are
invested in industries dealing with
health care, pollution control, food
and similar items, Lovell said.
The Fund does not invest in
war-related or weapon-related
industries, Lovell added. Pax also
avoids the liquor, tobacco and
gambling industries.
A mutual fund is a corporation
formed to invest in diversified
securities, Lovell said. The Pax
World Fund is a no-load diversi
fied mutual fund.
"A no-load mutual fund is a
mutual fund with no sales chaige,"
Lovell continued.
A transaction fee may be charged
to the investors if they go through
a broker, dealer or financial plan
ner, Lovell said. But with Pax, all
monies are fully credited to the
shareholder's account.
Stocks that have appreciated,
either through buying or selling,
have made it possible to pay share
holders a dividend as well as an
additional capital gains payment,
Lovell said.
"A minimum of $250 is needed
to invest in the Fund," Lovell said.
Additional shares can be added
any time in increments of $50 or
more.
Since 1971, the company has
grown popular and continues to
grow every year, he said.
Lovell said the company started
in 1991 with total assets of $120
million, and within three months,
had reached $150 million.
However, the Pax World Fund
is not yet available in three states
because of lack of interest, he said.
Those states are Nebraska, North
Dakota and South Dakota.
"The Fund is doing extremely
well in most states," he said, "and
more interest in the other three
states will lead us to pursue them."
Another alternative for show
ing enthusiasm in support of a
better world is by buying Mes
sage! Checks, according to Pris
cilla Beard, principal of Message!
Checks Corp.
The printed checks carry the
same banking information as regu
lar checks except for the specially
designed background, Beard said.
Individuals can choose which
organization they would like to
support and pick the appropriate
logo or design for their checks, she
said.
Message! Checks make it pos
sible for individuals to make a
statement in support of Green
peace, National Audubon Society,
People for the Ethical Treatment
of Animals or the National Or
ganization for Women, she ex
plained.
"A minimum of $1 from each
order is given to the endorsing
group," Beard said. This money
can translate into thousands of
dollars annually for the continu
ation of work done by these four
organizations.
"Every time you write a check,
it starts a conversation," Beard
said.
The cost of the checks i s compa -
rable to thepriceof regularchecks,
she said. Tney range from $14 to
$16.95 for 200 checks.
"We were the first company to
offer checks through the mail,"
Beard said. "We are now in our
sixth year of business and we are
continuing to grow."
Group pursues
ecological goals
By Mary Overholt
Staff Reporter
Law senior Dave Regan,
co-founder of Ecology Now,
wishes more people would
get involved in the group to
make a bigger environmental
difference.
But overall Regan said he
is satisfied with tne group's
accomplishments since its
1989 beginning.
About 200 members are
registered with the group, he
said, and about 50 members
form an active core.
Regan s%id the group's ,
objective has been to educate
die public and teach individu
als ways to make a positive
change in the environment.
That philosophy has
spread to the University of
Nebraska-Omaha and Kear
ney State, he said, where af
filiated groups have been
founded.
At UNL, Ecology Now is
affiliated with the Student
Educational Awareness Coa
lition, SEAC, a national or
ganization that provides in
formation, support and ad
vice, Regan saia.
The group looked into
affiliating with Greenpeace,
Regan added, but the national
group's projects were con
sidered too long-term and the
dues were expensive.
Ecology Now is involved
in enough projects without
See ECOLOGY on 11
-III Ml | I
William Lauer/Daily Nebraskan
Jeff Riggert, a junior biology major, arranges Ecology
Now T-shirts Friday, April 19th, during the Peace Fair on
the Union Plaza.
i
