6A - Thursday, September 5, 2013

The Michigan Daily - michigandaily.com

6A - Thursday, September 5, 2013 The Michigan Daily - michigandailycom

MONEY
From Page 1A
for student-athletes and new
construction projects.
"Athletics - just knowing the
spirit and importance of athlet-
ics - led me to give my gifts to the
Athletic Department, knowing
how it helps the whole Univer-
sity," Ross said.
When asked about his role as
chair of the University's soon-to-
launch capital campaign, Ross
said he hopes to help raise money
for various realms of campus life.
"I hope we raise the funding
that we need for scholarships,
additional facilities, endowment
of professorships and meet the
future needs of the University,"
Ross said.
The public event was followed
by a more intimate one in the Col-
loquium Room of the Business
School, which overlooks campus
and much of Ann Arbor. Members
of the media, a select group of
students and the University's top
administrators gathered to hear
additional remarks from Regent
Katherine White, Coleman,
Michigan Athletic Director Dave
Brandon, Davis-Blake and Ross.
"We are delighted and grate-
ful for alumni and donors like
Stephen Ross, who understand
so well that public universities
increasingly rely on donor sup-

port to maintain and strengthen
our excellence," White said on
behalf of the University's Board of
Regents. "We also know when the
University of Michigan thrives,
the state of Michigan thrives."
In an e-mail interview after
the event, White added that she
was hopeful that Ross's donation
would spur other large donors to
consider what they might be able
to contribute to the upcoming
campaign.
"I am very hopeful we can
raise a lot of money for student
scholarships," White said. "It is
so important the University of
Michigan remain accessible to
those whose talents gain them
admission. The more we can do
to ease their burden, the more
they will be able to thrive while
they are here and after they
graduate."
While there are no formal
construction plans yet, Brandon
emphasized the importance of
the gift in building new, state-
of-the-art facilities for Michigan
athletes. The donation will also
help provide student-athletes
with better academic resources
for success off the field as well.
"There are hundreds and hun-
dreds of athletic directors wak-
ing up all over America today,
and Ican assure you I'm the hap-
piest one," Brandon said. "This
important investment will also
provide them with the tools they

will need to be successful in their
lives after athletics.".
A pre-recorded video message
from Republican Gov. Rick Sny-
der was also played for attendees
in which he thanked Ross for his
generous donation and support
for the state of Michigan. He also
quipped that Michigan graduates
like himself and Ross go on to
achieve some "moderate success."
In an interview after the
event, Coleman said there were
many discussions among her-
self, Ross, Davis-Blake, Brandon
and Jerry May, vice president for
development, to ensure that the
donation fulfilled Ross's vision.
Part of that vision, Coleman
added, was to ensure that Busi-
ness undergraduate students in
would have the same experience
and resources available to them
as the graduate students.
"He wanted to have this whole
dynamic of career services, mak-
ing sure that we provide the best
opportunities for our students,"
Coleman said. "These discus-
sions take a while, but at the end
of the day we feel fabulous about
the outcome."
Davis-Blake told the audience
that the donation will further
innovate the Business School's
campus.
"This historic gift is a testa-
ment to that and will further
transform the Ross School into
a true business campus," Davis-

Blake said.
Tim Slottow, the Univer-
sity's executive vice president
and chief financial officer, said
Ross's donation set the bar for
the upcoming capital campaign,
which will focus on endowing
scholarships and financial aid
for both in-state and out-of-state
students with demonstrated
need. He added that philanthro-
py is key to the University's sus-
tainablity.
"Having the chair of the cam-
paign seta $200-million starting
point for the campaign is huge,"
Slottow said.
After the event, Business
School spokeswoman Tamra
Talmadge-Anderson saidthe
donation will keep the Business
School among the top in the
country.
"We will be truly the busi-
ness school of the future, not
only because we will have these
facilities, but they will match our
best-in-class programs," Tal-
madge-Anderson said.
In an interview after his
speech, Chatman said Ross's
philanthropic efforts inspire him
to give back.
"Being part of this Univer-
sity, part of this school, this
gift is something that us as stu-
dents shouldn't take lightly and
shouldn't take for granted and
should appreciate and support
Mr. Ross," Chatman said.


COUNCIL
From Page 1A
much needed and beneficial
change to Ann Arbor."
Vresics was facing Ann Arbor
councilmember Sabra Briere (D-
Ward 1) for her seat in the upcom-
ing general election in November.
Briere has maintained a high
MLIVE
From Page 1A
publication in Washtenaw
County.
AnnArbor.com continued
with a much-reduced staff and
printed on Thursdays and Sun-
days. At the time, it was market-
ed as an "innovative community
news and information service."
The Ann Arbor News clos-
ing was widely regarded as

attendance record for city meet-
ings, as she was the only member
of the City Council to participate
in a Beyond the Diag effort, wel-
coming students living off cam-
pus.
Still working to develop the
party's infrastructure, Leaf said
members have worked with pro-
fessors and city planners to devel-
op their zoning plan and party
one of the first large-scale
experiments in finding alterna-
tive revenue models for local
newspapers. Critics have said
AnnArbor.com's much-reduced
staff has severely diminished its
investigative reporting powers
while others contend its cheap-
er costs allow it to survive in the
long run.
In an August 2012 interview
with The American Journalism
Review, Charles Eisendrath,
director of the University's

platforms.
Leaf said the party is also
working on reaching out to resi-
dents who might share concerns
about the city-zoning plan but are
not students.
"This month we are going to
approach environmental groups
that want to stop urban sprawl
and air pollution."
While some are skeptical that
Knight-Wallace journalism fel-
lowship, said the demise of The
Ann Arbor News had a negative
effect on the city and AnnArbor.
com was incapable of filling the
void it left.
"If you pay people a third of
what they were paid before,
and you have a third as many of
them, the results aren't exactly
rocket science," Eisendrath told
the Review.
MLive has five senior-level
"content" employees listed on

students registered to vote inAnn
Arbor may not cast their vote dur-
ing a non-presidential election,
Leaf said he believes a concerted
group of students will show up at
the polls for this election.
The party is holding a mass
meeting Sunday for students
interested in assisting the cam-
paign. Leaf said details will be
released on their website.
its website and 16 senior-level
"sales and marketing" employ-
ees.
Communications Prof. Derek
Vaillant said the loss of a daily
city paper has left a hole in the
Ann Arbor community.
"It's an embarrassment to
this community and this state,"
Vallant said. "The people in
Ann Arbor are the least well-
informed in the state. You have
to really work hard to get your
news."

GIFT
From Page 1A
Wallace journalism fellow at
the University, voiced disdain
for Ross's choice over Twit-
ter, noting that the Univer-
sity should be embarrassed for
accepting the gift when there
are other programs with higher
financial need.
In an interview Wednesday
evening, Pope said universities
have engaged in a "facilities-
building arms race," in which
institutions constantly try to
outbuild one another. Ross's
donation exclusively funds
facility-building, and half of it
goes to a part of the University
that actually generates revenue,
he added. This is in contrast to
other large donations, such as
Helen Zell's $50 million dona-
tion to improve the LSA Masters
of Fine Arts Creative Writing
Program earlier this year.
"I think the reaction on cam-
pus is goingto be a little bit more
complicated in some corners,"
Pope said.
The responses to Ross's dona-
tion beg the question: How do
donors decide where and how to
give?
In an interview with The
Michigan Daily last March,
Jerry May, University vice
president for development, said
fundraising involves matching
the University's needs with the
interests of potential donors.
Judy Malcolm, the Office of
Development's senior director
of executive communications,
added that the development
process is not about convincing
people to give ina certain area.
"We can't go make some-
one be excited about scholar-
ships when what they want to
do is cure cancer or support
research," Malcolm said. "What
we're trying to do is present our
dreams in the best way possible
and then find people who really
want to support students."
Although the University has
limited influence in changing
a donor's investment target, it
has at times proven effective at
encouraging potential donors to
"up"their commitment. In 2004,
Ross originally offered $50 mil-
lion to the Business School in
exchange for renaming it in his
honor. Bob Dolan, then dean of
the Business School, managed
to negotiate an increase in the
final donation to $100 million by
articulatingthe school's specific
need for extensive physical ren-
ovations, which Ross indepen-
dently verified with the school's
architect.
Pope, the former education
reporter, acknowledged that
the University can't realisti-
cally ask a donor to support a
cause they're not passionate
about. But, he said Ross' dona-
tion puts administrators in an
awkward position with other
schools, colleges and programs
that must be assured of their
significance despite being less
high-profile.
"U of M is right," Pope said. "If
this is what Stephen Ross is pas-
sionate about, then they have to
work with him, but I think they
might also have to communicate
to the rest of the university com-
munity that they understand
some of these other issues."

Though Ross's $200-million
donation will endow some finan-
cial scholarships, a priority Cole-
man and other administrators
have repeatedly emphasized for

the next capital campaign, it will
also fund upgrades at the Busi-
ness School and athletic campus.
May said studentscholarships
and fellowships resonate with
donors more than any other
form of philanthropy.
"However, there are some
donors that enjoy building beau-
tiful learning environments and
great facilities and, yes, we ben-
efit from those donors who have
that aspiration, who value learn-
ing spaces and important archi-
tectural spaces on a campus,"
May said.
Last spring, University alum
Charles Munger donated $110
million - the single largest 4
gift in University history until
Wednesday - for the construc-
tion of a graduate residence hall.
In an April interview with the
Daily, Timothy Slottow, Univer-
sity executive vice president and
chief financial officer, said these
types of relationships leading up
to a donation evolve over a num-
ber of years.
Munger had previously fund-
ed and supervised the construc-
tion of a graduate residence hall
at Stanford University, fascinat-
ed by the challenge of creating
an on-campus living community
for graduate students.
His donation earlier this
year joins Ross's $200 million
on the 2013 list of top contribu-
tors to universities and colleges,
according to The Chronicle of
Philanthropy.
Like Munger, many of Ross's
philanthropic counterparts have
chosen specific academic units,
schools or areas of the university
governance when handing out
the bigbucks.
In January, New York City
Mayor Michael Bloomberg gave
$350 million to his alma mater,
Johns Hopkins University,
where his donations exceed $1
billion. The $350 million to be
used for cross-disciplinary edu-
cation and financial aid. It will
also endow 50 faculty appoint-
ments in the fields of global
health and water resource sus-
tainability, Forbes reported.
It will also fund an estimated
2,600 need-based scholarships
over the next decade.
Another real estate mogul,
Mortimer Zuckerman, pledged
$200 million to endow a Mind
Brain Behavior Institute at
Columbia University, according
to Forbes. In 2012, Phil Knight,
the chairman of Nike, pledged
$125 million to the Oregon
Health Sciences University Can-
cer Institute at Oregon Univer-
sity.
In 2011, Raymond and Ruth
Perelman donated $225 million
to endow the University of Penn-
sylvania's School of Medicine as
part of that school's capital cam-
paign. Much of that money went
to endowing professorships and
providing financial aid, the Uni-
versityofPennsylvania's website
stated. Mr. Pereman's wealth
comes from the finance, manu-
facturingand miningindustries.
The Knight and Perelman
donations were also the largest
in the history of their respective
universities. None of the above
donors placed restrictions on
how their funds would be used.
Ross has maintained his foot-
hold at the forefront of higher
education philanthropy, in the
company of donors like Bloom-

berg, Zuckerman, Knight and
Perelman.
Although not unanimous in
their applause, most at the Uni-
versity are grateful.


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