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THE TUFTS DAILY
Where You Read It First Est. 1980 TUFTSDAILY.COM
VOLUME LIX, NUMBER 12
TUESDAY, FEBRUARY 16, 2010
Dartmouth policies tackle rise in drinking
Universities’ endowments saw major losses last year, report shows
BY SAUMYA VAISHAMPAYAN
Daily Editorial Board
Tufts students are no longer alone in facing harsher measures targeting alcohol abuse, as Dartmouth College’s local police department has unveiled a new enforcement strategy to combat a perceived rise in underage drinking on campus. In a Feb. 4 meeting with Dartmouth’s Greek life community leaders in Hanover, New Hampshire, Hanover Police Chief Nicholas Giaccone announced a new strategy of instating compliance checks at fraternities to reduce underage drinking. The proposed checks would allow the Hanover Police Department to send unaffiliated undercover agents into Dartmouth fraternities to pose as underage individuals attempting to procure alcohol. In the event that their attempts succeed, the agents can give evidence to the Hanover police and create grounds for prosecuting the implicated fraternity. The new policy met with strong opposition from the student body and Greek organizations on campus in the days following the announcement. The Dartmouth Student Assembly on Feb. 9 passed a resolution stating the need for a reevaluation of the Hanover Police Department’s proposed enforcement strategy. Giaccone announced the next day a delay in the execution of the policy and the compliance checks in order to allow different community groups to engage in a dialogue
about underage drinking. “The town shares with the College the goal of reducing the risks to student health and safety posed by excessive alcohol consumption,” Giaccone said in the Feb. 10 press release. “From the statements made in recent days, it is clear that the Greek Leadership Council and other involved student groups also share this goal and are committed to working energetically to achieve harm reduction.” Zachary Gottlieb, president of the Interfraternity Council at Dartmouth, highlighted the proactive approach taken by the Greek community in engaging with the Hanover police. “There are a lot of conversations happening,” Gottlieb told the Daily. “Many are internal, but we have also branched out to the student assembly. This is an issue that will affect the entire student body.” Gottlieb added that many fraternities are now consistently requiring students to show their Dartmouth identification cards to gain entrance into an event. “Individual organizations are being more vigilant, making sure that they’re on top of everything, and taking greater responsibility for students and guests,” Gottlieb said. Dean of Student Affairs Bruce Reitman pointed out that although changes in official alcohol policies can help to curb student drinking, these are just stopgap measures, and a change in the drinking culture itself is the only way to permanently decrease unsafe drinking. see DARTMOUTH, page 2
BY
MICHAEL DEL MORO Daily Editorial Board
This article is the first in a two-part series examining college endowments. Today’s installment focuses on the findings of a report detailing major endowment losses. The second article, to appear in tomorrow’s Daily, will look at the possible reasons for these losses. University endowments across the country, including that of Tufts, suffered huge losses in the past fiscal year, according to a Jan. 28 National Association of College and University Business Officers (NACUBO)-Commonfund Study of Endowments (NCSE) report. The NACUBO and the Commonfund Institute surveyed 842 institutions and found that endowments fell by an average of 18.7 percent during the 2009 fiscal year, which ended June 30. These losses coincided with the economic recession and have led to a review of financial management. While these losses appear quantitatively drastic, comparisons reveal that university endowments over the course of the year performed relatively better than the overall financial market, according to NACUBO Director of Research Policy and Analysis Ken Redd. Redd pointed out that while university endowments’ losses were on average below 20 percent, the Standard and Poor’s 500 Index dipped nearly 26 percent during the same time. Still, schools like Harvard and Yale suffered egregiously, losing nearly 30 percent of their endowments, while Tufts’ endowment declined by 23.7 percent. The outlook for university endowments may not be as bad
Seniors count down to graduation at 100 Days Celebration
DAILY FILE PHOTO
Harvard University, like many institutions across the country, has suffered a huge loss in its endowment. as the numbers indicate, however, in light of the fact that the 10-year national average for net endowment returns is four percent. Tufts’ endowment has nearly doubled since 2000, a statistic that university officials are quick to highlight at a time when shortterm financial news tends to be overly emphasized. Chairman of Tufts Administration and Finance Committee Andrew Safran (A ’76) emphasized the importance of this long-term growth trend over the temporary losses of the past year and pointed out that since 1999, the university endowment’s value per student has increased from $62,000 to about $120,000. Still, the losses of this past year will likely force universities like Tufts to make adjustments to both their annual financial budgets and long-term investment strategies, according to a press release summarizing the NCSE report.
BRENT YARNELL
Daily Editorial Board
JENNA LIANG/TUFTS DAILY
Inside this issue
see ENDOWMENT, page 2
Senate to bring discussion on the body’s diversity representation to wider community BY
University President Lawrence Bacow and his wife Adele Fleet Bacow delivered a toast to the Class of 2010 at Friday’s celebration in Dewick-MacPhie Dining Center. The event commemorating the 100-day mark until the seniors’ graduation was sponsored by the Senior Class Council.
These changes will likely revolve around issues of governance, such as managerial malpractice and portfolio rebalancing, according to Redd. “I guess you could say institutions are making sure their plans and policies are being strongly adhered to and that investment managers are monitoring things,” Redd told the Daily. Exactly what those changes are, however, remains to be seen and Tufts officials maintain that despite the size of the recent loss, no significant changes are anticipated. “No major strategic or policy changes have been made in response to market conditions; marginal changes are made on a regular basis,” Tufts’ Director of Public Relations Kim Thurler said in an e-mail to the Daily. Safran did not point out any
The Tufts Community Union (TCU) Senate this spring will launch a campus-wide dialogue on the future of diversity representation in the Senate, continuing an ongoing discussion about the role of community representatives in the body. The Culture, Ethnicity, and Community Affairs Committee (CECA) met Friday with the directors of the six culture centers to seek feedback on proposed changes to the Senate’s community representative position. Community representatives are internally elected members of TCU-recognized student groups who are meant to provide a voice on the Senate for their respective constituencies. Currently, four student organizations have representatives on the Senate: the AsianAmerican Alliance, Queer Straight Alliance, Pan-African Alliance and the Association of Latin American Students. CECA’s favored proposal would tie the
position to the individual culture centers, while another would eliminate the position altogether. TCU Vice President Antonella Scarano said that the meeting was intended to shape the scope of future conversations about the subject. “The proposals were just a conversation starter,” Scarano, a senior, said. “We just wanted to make sure that we had all sides fleshed out so we can have an organized discussion about it going forward.” CECA Chair Nedghie Adrien, a junior, said the directors’ feedback helped re-direct the committee’s focus. “I would say the discussion is going to go more toward what the change should accomplish, rather than what the change should be,” Adrien said. The center directors also emphasized to CECA the need to incorporate the larger student body in the discussion. “Whatever we do is going to impact [the students] directly and impact the larger Tufts community,” Adrien said. “We need to make see COMMUNITY, page 2
Today’s Sections
Strong performances and cinematography lift “Wolfman” above horror genre.
Following a pair of late-game comebacks, hockey team secures playoff spot.
see ARTS, page 5
see SPORTS, back
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