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The Daily Northwestern Thursday, February 14, 2013
DAILYNORTHWESTERN.COM
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NU sees slow endowment growth for 2012 Northwestern’s endowment growth rate decreased by about 14 percentage points from the 2011 fiscal year to the 2012 fiscal year, according to the University’s Investment Office. The rate dropped from 16.7 percent in the 2011 fiscal year to 2.7 percent in the 2012 fiscal year. The University’s growth rate decrease follows a national trend of relatively small university endowment changes across the nation. The National Association of
$7.19 billion
6.5
7.0
$7.01 billion
$6.942 billion
$6.02 billion
6.0
daily senior staffer
Total Endowment Values for Fiscal Years
$5.64 billion
5.5
By ALLY MUTNICK
College and University Business Officers found in their annual report, released Feb. 4, that on average, college endowments declined 0.3 percent during the 2012 fiscal year after an average increase of 19.2 percent in 2011. The association ranked NU as having the 10th-largest endowment. “I think every school kind of follows the market,” said Will McLean, NU’s chief investment officer. “When we have a great year, we don’t spend more because you are going to have a year like last year where it’s kind of flat.” For the 2012 fiscal year, which spanned from September 2011 to August 2012, the NU endowment grew from about $7 billion to $7.19 billion — a growth rate of about 2.7 percent. During the previous fiscal year, the endowment grew 16.7 percent, from about $6 billion to $7 billion.
Billions of dollars
Investment returns drop, alumni donation rise in fiscal year
2008
2009
2010
» See ENDOWMENT, page 6
2011
2012
Infographic by Kelsey Ott/Daily Senior Staffer
ASG calls for Foley support, Chabad House clarity By CAT ZAKRZEWSKI
the daily northwestern
Legislation proposed at Wednesday’s senate meeting discussed how Associated Student Government could get involved with wider issues, from both Evanston and abroad, affecting Northwestern. ASG passed legislation saying it would assist in raising awareness about
international journalist James Foley (Medill ’08) who was kidnapped in Syria and has been missing for 84 days. Legislation was also presented calling on the administration to be more transparent about its decision to disaffiliate with Tannenbaum Chabad House, which will be debated at next week’s meeting. Speaker Ani Ajith authored the legislation about Foley, who first went missing in November while reporting near the Idjib
providence. Ajith said this is the second time he has called on the Senate to support in the efforts to bring Foley home. Foley was also captured in the spring of 2011 in Libya, and the University rallied to free him. “He’s a Wildcat, and he’s not home,” the Weinberg junior said. Ajith encouraged the senators to move it to old business immediately due to the urgency of Foley’s situation. The Senate
passed the legislation as old business and then unanimously passed it. Because Foley’s situation is developing, the legislation was purposefully vague, but Ajith intends to raise campus awareness about Foley and also show NU’s support to his family, who has not heard from him or his captors since he went missing. “Even if that makes very little difference or none at all, at least people will know … we support him,” Ajith said.
» See ASG, page 6
Expert police report alleges EPD wrongdoing
Environment and corporations
By JIA YOU
daily senior staffer
Susan Du/Daily Senior Staffer
CHANGING CHALLENGES Susan F. Tierney, managing principal at Analysis Group and former Assistant Secretary for Policy at the U.S. Department of Energy, delivers the first keynote address at Kellogg’s inaugural Energy Conference. The conference, New Energy — New Challenges, was organized by the Kellogg Energy Club.
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Senator Harrison Flagler presented new business that will call on the University to be more transparent about the disaffiliation with Chabad House and Rabbi Dov Hillel Klein due to reports of underage drinking, a move that sparked controversy during the fall. The University has been tight-lipped about the reasoning behind the disaffiliation due to the ongoing
An expert report produced by a retired Chicago police sergeant alleged Evanston police misconduct in the mistaken handcuffing of 13-year-old Diwani Greenwell, the son of Medill Prof. Ava Greenwell. Evanston Police Department officer Mark Buell handcuffed Diwani Greenwell on the morning of Aug. 20 when the boy was riding a bike around his house. EPD officers said the teen matched the description of a burglar suspect, which described the suspect as a “black male wearing blue cargo shorts.” The officers released the teen about ten minutes after the handcuffing when the witness exonerated him. The Greenwells filed a federal lawsuit against the city and Buell in September for alleged racial profiling. An EPD internal investigation cleared Buell in November. Stephen Sherwin, a Vietnam War veteran who reportedly served the Chicago Police Department from 1967 to 2005, issued a report evaluating EPD performance during the handcuffing in mid January. Christopher Cooper, the Greenwell family’s attorney, hired the retired officer to produce the report, Sherwin said. In his report, Sherwin alleged the Evanston police officers made a series of mistakes during their search for the burglar suspect. The report contended Diwani Greenwell did not match the witness’ original description of the burglar suspect. The witness reported to 911 the burglar was a
black male wearing khaki shorts, a brown T-shirt or a dark shirt, whereas Diwani Greenwell wore a grey shirt and dark blue shorts. Miscommunication between the 911 operator and field officers added to the confusion, the report said. The report also alleged officers did not have “reasonable suspicion” justifying handcuffing the boy, who “remained calm, polite and cooperative” during the handcuffing without attempting to flee. “A major question is, did the Evanston police officers know at the time they interacted with Diwani Greenwell, when they stopped and handcuffed him, that he was not the offender?” he wrote. “The answer is, yes.” The report also alleged EPD Sgt. Angela Hearts-Glass glossed over police mistakes when presenting the internal investigation results to the city’s human services committee Nov. 5. Sherwin declined to comment on his report due to the impending litigation. Cooper said Sherwin’s testimony would help the case succeed to trial by establishing material facts in dispute, he said. EPD spokesman Cmdr. Jay Parrott said the police had not seen the report. Parrott declined to comment due to the pending litigation, but expressed confidence about the case. “We feel confident that the lawsuit will work out in the city’s favor,” he said. Ina Yang contributed to reporting. jiayou2014@u.northwestern.edu
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