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More Details on SAE’s Finances
A few days ago, we excerpted a slide from Andrew Lohse’s presentation to WSGT 80 that detailed a part of SAE’s finances. Lohse described SAE as having a $1.5 million endowment, and he noted that SAE spent $100,000/year on alcohol. The slide in question seemed to imply that this spending was related to the endowment.
An SAE brother writes in with a correction:
Dartmouth SAE has three endowments. One is valued at or around one million dollars; this is the Park Stickney Fund, and it is reserved exclusively for educational expenses. It is managed by the National Fraternity, and they need to approve any expenditure. (The fund was the leftover after constructing our 3d floor library.) The second is the Andy Scarlett Fund. It is reserved exclusively for funding educational speakers at the house and associated expenses — dinner and whatever else for that speaking event. It is also used for scholarship funds: rewards for highest GPA, most improved, etc. I believe this endowment is around $200k. Finally, there is the house endowment, which is reserved exclusively for the upkeep of the physical plant. It is valued at around $100k. Major repairs come out of this fund, to pay for house improvements (making the house handicap accessible, for instance).
Point is, none of these endowments play into the “power structure” at all. None of the money is used for social events and all of it is controlled by Alumni, not students.
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
August 23, 2009
Fare Thee Well, Tom Crady
And now Dean Tom Crady has precipitously announced his departure from the College after only 20 months on the job. How to read this? By way of background, prior to coming to Dartmouth, Crady had…
May 31, 2009
Kangaroo Court, Indeed
In an interview with The Dartmouth, alumni-elected trustee T.J. Rodgers ‘70 explained his reasons for declining to participate in future evaluations of trustees up for “re-election,” namely the “kangaroo court” nature of such discussion in…