Daily Reveille — February 12, 2009

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SNAPSHOT

lsureveille com Lon on to see views around campus benches.

PURR-FECTLY MADE

SPORTS: Mitchell’s 40-point game puts Tigers in division’s driver’s seat, page 7.

Organic food gaining popularity among local pet owners, page 13.

THE DAILY REVEILLE WWW.LSUREVEILLE.COM

Volume 113, Issue 90

Thursday, February 12, 2009

ECONOMY

Budget cuts may affect deferred maintenance By Nate Monroe Contributing Writer

lsureveille.com

The University has a backlog of deferred maintenance projects totaling $220 million — an amount likely to balloon even higher with the Log on to impending bud- see Nate get cuts for next Monroe discuss year. The $220 the million total deferred only includes maintedeferred main- nance. tenance for academic buildings, the LSU School of Veterinary Medicine, the Paul DEFERRED, see page 18

graphic by STEPHANIE CLARK

/ The Daily Reveille

RELIGION

ON THE WAY DOWN

Economic downturn causes $20 million decline in University’s endowment fund

Index

The nation’s economic downturn has caused the University’s endowment to decline — a similar dilemma many universities are facing. LSU’s 2007-08 endowment was reported at $319 million — down by $20 million from the previous year, according to Scott

Sports ......................... 7 Entertainment .......... 13 Opinion .................... 20

7:20 a.m. 8:20 a.m. Noon 3:20 p.m. 4:20 p.m. 5:20 p.m.

The University’s endowment is a fund in which people can invest. According to the LSU Foundation’s Web site, their goal is to earn at least 9 percent annually on an endowment’s principal. About half the earnings are used to support the program for which the endowed gift is designated, while the remainder

Weather

Chief Staff Writer

Broadcasts

By Kyle Bove

Madere, LSU Foundation public relations director. “No one who invests with regularity in the current market environment is experiencing record returns,” Madere said. “This is a down period for investors, and LSU’s endowment depends on investment to grow in size. However, the LSU Foundation will be at LSU as long as there is an LSU to support.”

ENDOWMENT, see page 19

TODAY PARTLY CLOUDY

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Michael Martin chancellor

‘The economy is so soft that donors are much more reluctant to give us money ... to put into an endowment which is shrinking.’ FRIDAY SCATTERED STORMS

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Poll: La. fifth most religious state By Xerxes A. Wilson Contributing Writer

As a tribute to years gone by, many churches are continuing old-time religion featuring vintage hymns, established traditions and composition of mostly elderly people. While these customs have stood the test of time, many of these churches are missing the key to continuing their traditions — the youth. RELIGION, see page 19

SATURDAY PARTLY CLOUDY

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