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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (June 30, 1994)
Jason Levkulich/DN Hopping a freight Jonathan Cress climbs on “Iron Horse Legacy” during Haymarket Heydays. The fourth annual celebration provided many people with a look at Lincoln’s past. Foundation supplements university’s finances By Paula Lavigne Staff Reporter and Deb McAdams Editor The University of Nebraska recently re ceived $266,000 from the Ostdiek family of Lawrence and a $4 million donation from Ken “We may be working with a donor and the donor suggests something to start a fund for a women’s croquet team,” she said. “We would talk to the chancellor or dean who may say that’s not a priority and would send the donation back.” She said people were allowed to make their donation as specific as they desired but they were encouraged to make it available to as many ncm aioui, apnysician irom Bcnkelman. Donations, like any other financial input, run through a gamut of pa perwork, people and pro-' cesses until they end up ben efiting the university, its students, faculty or staff. Donations arc handled by the University ofNcbras ka Foundation, an indepen dent, non-profit corporation established in 1936 to pro vide an avenue for private individuals and organiza tions to invest in the univer sity. Theresa Klein, director of public relations and pub lications at the Foundation, said the organization was NU Foundation Benefits to the University Source: 1993 University Foundations Annual Report Fiscal Year 1992 Student Assistance Faculty Assistance Research Academic Programs Museum, Library, Fine Arts Building Improvements Alumni Associations Other $5,240,012 $1,073,690 $921,816 $5,610,795 $896,589 $890,869 $168,000 $12,150 Amy Schmidt / DN strictly a donor-driven organization where ev ery gift was designated by the donor for a specific purpose. The Ostdieks designated the money to go into a scholarship fund for full-time UNL stu dents who have graduated from rural high schools in Nebraska. Part of Stout’s donation will eventually cre ate Kenneth C. Stout Chair as well as a fund providing unrestricted support, both for the School of Biological Sciences. The rest will go to Nebraska Educational Telecommunications. Although donors can direct the money to where they wish it to be applied, they don’t have free rein. Instead, the endowment funds have to go to an area of need defined by the president and chancellors, Klein said. areas ol need as possible while still satistying their intent. Their donation can go towards scholarships, programs, faculty or colleges in general, she said. The donation may be unspecified, in which case it would be directed toward the area of greatest need. People within the foundation meet with the donors and their lawyers to design the best possible program for both the donor and the university, she said. There are three, basic types of donations: expendable gifts provide funds that arc imme diately available, endowed gifts are invested to earn interest, and deferred gifts are usually See DONATION on 2 U N L to improve computer labs tjy Angela jones Staff Report* _ Students will be seeing a signifi cant number of improvements this fall in the public computer labs across campus, a university offi cial said. Doug Gale, director of the Univer sity of Nebraska-Lincoln’s Comput ing Resource Center, said their goal was to upgrade the public labs, mak ing it easier for students to access Internet and other tools. One of the major improvements will be the addition of 48 Power Macs to the public labs in Sclleck Quadran gle and Sandoz Hall, and 19 IBM PC Clones distributed to various labs. Gale said the Power Macs were a new technology that would allow the students to use both the new software plus the old IBM and Mac applica tions. In addition, Gale said they they were trying to finish wiring most of the public labs so that students would be able to access Internet directly. Internet is a series of little net works interconnected by a big back bone, said Guy Jones, the center’s director of technical services. “It al lows students to access different branchcsofuniversities, private orga nizations and government agencies, and obtain information from across the world,” Jones said. “When UNL students get into the network, they nave a higher speed connection than any other institution.” MI Dnct, wh ich was created by Gale, connects a seven- state regional area to the main Internet system. Internet is growing rapidly at UN L, allowing students to get more infor mation from a computer program at their desk than they can get in Love Library, Gale said. Gale docs not see Internet being used as a classroom tool. Instead it is used as a research tool outside of the classroom, he said. “Internet will provide a powerful tool in the assignment process, allow ing connection to an instructor’s syl See COMPUTER on 3 James Mehsling/DN