The Board of Trustees met March 8 to approve the preliminary budget for 1997-8, approve several spending projects and hear reports about campus events and projects, such as the long-range planning process.
The Trustees heard a lengthy report on the College's investments at the open meeting. The Investment Committee reported the College's assets are invested in both large and small cap domestic stocks, as well as international stocks, hedge funds and venture capital.
Of the 15 managers the College uses to invest their money, two did not meet their benchmarks, or targeted level of return. Others exceeded their benchmark.
According to the Committee, the College's investments have grown in worth from $311 million in December 1995 to $368 million this January.
The Buildings and Grounds Committee requested $600,000 to be reprogrammed for work on the Allen Memorial Art Museum. (see story page)
The Board also heard a report on the Environmental Studies Building. The plans for the project continue to be fine-tuned through committes which are looking at the architectural plans.
Another building project discussed by the Trustees was the Science Center. They approved additional funds for the planning process of the project. (see related story)
A major part of the discussion was about the prelimiary budget. The Board approved the budget. (see related story)
The Trustees also heard reports about curricular and faculty efforts to diversify and strengthen the college as well as a report from the Class Trustee Open Forum and the Division of Student Life and Services.
Junior Joy Mariama Smith was elected president of the Class of 1998 and Brendan Cody vice president in an election that happened in the week of March 3.
The class officers are responsible for planning class events during the academic year, participating on the committee for the senior class gift campaign, serving as voting members of the Honorary Degrees Committee and working closely with the Alumni, Development, President's and Secretary's Offices throughout the year.
"I'm thrilled. This is far and away the highlight of my life," Cody said. As for his duties, Cody said, "I solicit ideas from students-give me ideas please, thank you."
The class officers also speak at Commencement.
Next week Oberlin will appear briefly in a news segment aired on NBC Nightly News with Tom Brokaw. The piece is about the benefits and high cost of a liberal arts education.
Footage includes interviews with a current and prospective student, President Nancy Dye and Vice President for Finance Andy Evans.
The exact date the piece will air has not yet been announced.
The YWCA of Cleveland awarded President of the College Nancy Dye with a Women of Achievement Award. The award recognizes women who live or work in the Greater Cleveland area who have achieved distinction in their careers or community work and who are qualified to serve as a role model.
Seven or eight women were honored with the award. The winners work with the YWCA of Cleveland by serving as role models in the organization's program to acquaint young women in Cleveland with successful women leaders.
The award was established in 1977 to acclaim the achievements of women in their careers. The awards will be formally presented on May 9 in Cleveland.
Senior Emily Vasily has been selected as the Class of 1997 Alumni President. Her position was announced at the March trustee's meeting.
The Alumni class president's duties include returning to campus each fall for a meeting where current activities and programs are planned and discussed.
The president reports to the class members each year, informing them of any upcoming events. The president plans cluster reunion activities with other officers of two other classes. The vice-president has not yet been selected.
Copyright © 1997, The Oberlin Review.
Volume 125, Number 18; March 28, 1997
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