Historical Newspapers of South Carolina

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4? Educate assists sti By Sharon Buchanan r Gamecock Staff Wrhm / The USC Educational Foun- u dation, established in 1956, r provides a service which uses d private funds to support academic programs which cannot be fully or t adequately supported by the state S of South Carolina, according to c Ralph Kanine, director of annual f giving. THE FOUNDATION is a p separate non-profit entity with tax- r exempt status. It is the repository t for all the university's private e funds," he said. i Chris Vlahoplus, vice president f for University Relations and I Public Affairs, said the foundation s assists students and faculty by r accepting private gifts and 5 allocating them to various h academic programs. e A 27 member board of directors t meets twice a year to appropriate r the budget, according to Kanine. r The president of the board is Jack ? UO/-1 ~ 1. l u i oiayum, a uol aiumiiub anu neau i of Robinson Humphrey Brokerage t offices in Columbia. "The foundation receives restricted as well as unrestricted funds from private donors. Restricted funds are specified by donors as to what the monies must be used for," Kanine said. Unrestricted funds, or designated monies, are pooled, ana tne board J allocates the funds for appropriate 1 educational purposes each fiscal i year, July 1 to June 30." The total unrestricted monies for ] the upcoming fiscal year is $199,500 1 in gifts and temporary in- i vestments, according to Vlahoplus. tu .. illC UI1I C?ll 1CICU 1UI1U?> gu 1I11U ct ? number of areas, Kanine said. 1 These are scholarships and ; fellowships, the Chair Endowment i Club, library holdings, the i Discretionary Fund and research, he added. The Carolina Scholars and i alternates, recipients of USC's < most prestigeous scholarship, 1 rwpiup $1 FiOO a umt fnr four i years, most of which comes from restricted funds through en- i dowments or annual donations, 1 according to Kanine. Currently, ! however, some unrestricted funds 1 must be added, he said. i VLAIIOPLUS SAID to endow s money for one Carolina Scholar IVT*-%? ? r* Construction of the new ' Workshop Theatre, located on the corner of Bull and Gervais streets i is scheduled for completion in | October, 1979, according to Sally Johns, business manager. i The theatre is a private, independent, non profit organization < funded by the community. Construction of the theatre began this nocl Aniiiict anH u/ac intprriintpfj in < puoi nu^uov m?u f? ... February because of insufficient funds, according to Johns. Con- ' struction resumed two weeks ago. i The project had been in the planning stages for three years. 1 During this period three other sites for the theatre were seriously f ooi/l 4 CUIlMUt'l CU, juiiiio saiu. included a church on Calhoun Street, property on the corner of Pickens and Catawba streets and a gift of property in Dentsville." The Columbia Museum of Art provided a land grant for construction of the theatre, according i..U.?< !in/l nnn.hiilf IW UUUild. V/I1V cuiv* v/i.v v anal Four idents an neans to give enough money c to $30,000) for tne s iniversity to invest so that the $ eturns will be $1,500 a year in- s lefinitely. I USC is trying to get out of using \ inrestricted funds for the Carolina Jcholars program, so the foun lation can use the money for other t >rograms, according to Kanine. r "We have been successful in the c >ast year in picking up a lot of r estricted monies to help alleviate c he use of unrestricted funds. For f sample, Jim Carlen gave $250,000 inbudgeted monies from televised i ootball coverage to the ( educational Foundation," Kanine t .aid. "We invested this, and it is low funding fourteen Carolina c Scholars. This UDcomine vear we i ?K o / lave nine new Carolina Scholars, i md this is the first time ever that 3 here has been more money than 1 leeded for the number of freshman t ecipients," he said. 1 Ton fKniiconrl /"Irvllor^o aC fKn f a ^11 Liiwuoanu viuxiai o wi mu inrestricted funds was set aside i his year for graduate fellowships, i according to Kanine. Deans of 1 graduate schools such as business, 1 pharmacy and medicine can ap- < i>eal to companies and cor- < ^orations related to their schools in I ^rHpr to ppt funds fnr nroprams 0? i o jnd fellowships, he said. The 1 lumanities (history, philosophy, i English, foreign lagnuages), ; lowever, find it harder to get 1 monies, he added. I Thp Riiqj npcs Part rmrshin I * ~ ~ - ?- r Foundation is an organization which funds business fellowships, 1 according to Vlahoplus. I 4 "THIS YEAR similar foun- ; dations in departments such as 2 law, criminal justice, medicine, I imirna 1 icm anH nurcincf rnico |VUI I1U11U111 UI1U tiui oill^ TV BAM* 1 UiUV < fellowships for their particular ] schools,"Vlahoplus said. "As of : July 1 they will be required to give j 10 percent of their monies to the unrestricted budget, so that 1 departments such as humanities J will receive some help for tenowsnips. ] Eight thousand dollars of 1 unrestricted monies was put up i toward the National Merit Scholarship this year, and $60,000 went into the faculty and staff : insurance program, Vlahoplus I said. i Nine thousand unrestricted ' ago tne museum gave us a 40-year lease on the old theatre, which is < located next door to the new one. I The old theatre is being renovated 1 for use as a lobby, offices, dressing i rooms and the construction of < props," she said. < The cost of the project is ] $260,000, according to Johns. Funding is being provided by 5 contributions from the community, | fund raising projects and a loan I from Columbia banks. Con- < struction of the new theatre is being done by Conlock-Wood Construction Company. The design c of the building was done by the t Rnudrftux Co Thp thpatrp will ri have a capacity of 199 permanent a seats and spaces for five v wheelchairs, Johns said. a p USC day care centers are being 1 reorganized to make the services ( more efficient, according to Ken ) Brandt, Russell House business * manager. ; Kamuus Kiddie I)av Care and Kindergarten at Woodland ( iHation d faculty l^n 1 f f i- / - * lonars was usea ior lacuuy/siai cholarships for their children 15,000 went into choral scholar ;hips, and $30,000 went into th< discretionary Fund, according t( /lahoplus. The Discretionary Fund help: tnrich the faculty by doing tw< hings, according to Kanine Honey is used to offset moving ;xpenses when bringing i jrofessor from another school, am ilso for foreign travels of certaii acuity members. Restricted as well a: inrestricted funds are given to th< ]!hair Endowment Club, according o Kanine. "A CHAIR IS an honor given to < iistinguished professor whicl illows him to receive additions noney each year during his thre< ^ear appointment. Currently then ire twenty fully funded chairs an< wo partially funded chairs a JSC," Kanine said. "Fift; housand dollars is required t< lame a chair, and currently th< jniversuy is getting a lot o restricted monies for this purpose President Holderman is pushing t< create more chairs, since i enhances the quality of th faculty." Money from the Educationa Foundation is also used to foste research basically in the sciences and to increase the value of th library holdings by funding mone; for more books and rare collec tions, Kaninesaid. Overall, the Educationa Foundation supports the facult through benefits, and supports th students through scholarships according to Vlahoplus. Th students should remember th foundation is just one facet c available money to them. Studeri Financial Aid receives really bij support by the government, h added. "Last year the Educations Foundation received a total c &677.206 (Julv 1. 1977 to June 3( 1978), and this year we expect t receive over $1,100,000. We wi know the exact figure within th next few days," Vlahoplus saic "Currently the foundation has a invested endowment of ove $4,000,000. This is the first time w have been over the four millio dollar mark, and we are workin hard to increase private giving." rerrace and the Creative Learninj Lenter at urn apartments ar funded by the Russell Hous University Union. They provid married and single parents th opportunity to further thei education by offering child care Brandt said. The nurseries have beei separate units, but for fundini purposes, it would be more feasibl o have these nurseries under on coordinator, Brandt said. He said there is a higher per entage of single parents returning o school after separations ant uvoroes. mere is a great move for iffirmative action, and the onl> /ay is to give those students ssistance so they have a chance tc ursue their interests, he added. Gladys Kains, Kampus Kiddi< )ay Care coordinator, said th< :enter continues to run after 1 /ears of operation. Children fron iix months to five years old ar< iccepted. The operating hours at the tw< enters are from 7 a.m. to 6 p.m r X'aW JL. TPfc.' > ~ m*r~ I *** Sm: ^ i I y J New York's Washington Squi 1 impromptu 50 's sing-along. ; | ~ ~a \ i t b (or jII (nlltimp I l<ir TH 25 ? ^ 0 summer school students 2 I ? with ID cards. M< , 'J'^jssscyssss< vsttx ^mosgktxmck: >oicc^i 1 V?. E I^HHHBHMBBHBHnHSpH / hhl J I ri i hmh bl J j 1 B W jrrl "I^T^T 11 1' f 1 f I f |^| t Ml" '. Hh >v? 1 i ? |pi^^piiiiS|g HHI^nnHKgninS Y-1 ii e I p?sSv^'sVV/vi ^ i^Z\^ t ?p^g wK^V&Qww W mm ? ji rj BB,fii 13 r-t4 n l?? g 9 JRi'^^^S ' W"HM r<?t?T?I^I? C Kg e H| 7St3 H^B^H^RHrjBBm H^I^^H^Hn9H^^^HL&^k>^^xJLJII |nmVHP|MjHlMRS| ^UA3jS^W^U^3|aA| i ' SL^mm ^ I* -z -"-1 A : T ;'^ -' t ' \ \ " - 1 ^ |$T V$T11 I i BBBMmMM i 1A AvJHfPJ ) g ' * ftf >' f^ 9 1 Miles Covnrdato - GAMECOCK 3re Park is the setting for an m m >ae< ^ jmplete Cross Stitch Supplies & Needlepoint yarns & canvasses $ Knitting & Crocheting X mocking Supplies & Classes | e Friendly Yarn Shop, Inc. ? 700 Devine St., Ph. 799-2689 | on.-Fri. 10-4:30; Sat. 10-4 p.m. 2