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July 21, 1983 - Image 5

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Publication:
Michigan Daily, 1983-07-21

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The Michigan Daily - Thursday, July 21, 1983 - Pageo5
'U' campaign should raise $160 million

(ContirhtedfromtPage 1)
veteran of two successful fund raising
drives at Stanford University.
The University's efforts to procure
gifts have paid off handsomely in
recent years. Through May of this year,
the University had received $35 million,
nearly $10 million more than last year's
figure at this time.
If the money does come in for the
Campaign for Michigan, half of it will
go towards new buildings or
renovations of old ones, and half towar-
ds academic programs.
THE BUILDING projects include:
" $20 million for the new hospital
project;
" $20 million to go toward building a
new Chemistry Building and repairing
the old one;
" $12 million for projects in the
College of Engineering;
* $1.7 million for a new wing at the
School of Music; and
* $1.4 million for an extension to Tap-
pan Hall.
The remainder of the $160 million will
be placed- in the University's en-
dowment funds. Interest from the
money will be used to establish a num-
ber of new professor positions,
graduate fellowships, and merit
scholarships, and to help sustain the
University's libraries.
The massive fund raising drive is not
the first time the University has tried to
pull in money from alumni, foundations
and corporations, but it is the most am-
bitious attempt.

IN THE 1960s, a drive brought in
about $72 million dollars. Cosovich said
he hopes this drive will not only double
that, but make the flow from the
private sector a more permanent one.
The campaign grows out of the
realization that even sharp rises in the
cost of tuition are not going to meet the
University's budget needs. "We want to
raise the level of awareness for the im-
portance of fundraising over and above
tuition," he said. "Tuition doesn't cover
the major percentage of education."
Cosovich said he will seek out money
from foundations and corporations as
well as alumni, but he also has one
rather interesting target - students.
"IN ABOUT four years every studen-
t is an alum," Cosovich said, although
"students don't often think in those
terms."
According to Engineering Dean
James Duderstadt, there will have to be
a great deal of cooperation in the drive
if it is to succeed. "Everyone has to
work together," he said.
An example of this working together,
would be trying to find direct givers
who are interested in the College of
Engineering to donate to , such
programs as the chemical sciences as
well, he said.
Cosovich wouldn't fully commit him-
self, but he thinks $160 million is a goal
that can be reached. "It is clearly
within the capability of the institution to
meet the campaign goal. It isn't
guaranteed, but I think we're smart
enough to find (the money)."

Daily Photo by ELIZABETH SCOTT
Jon Cosovich, vice president for development and University relations, over-
sees the Campaign for Michigan, a project that should bring in $160 million for
University buildings and programs as well as increasing the annual amount
of private donations.
Toxic waste panel formed
(Continued from Page 3)
engineer for Washtenaw County. John- aren't aware of the hazards
son said the DNR is understaffed and of those chemicals," Johnson said.
underfunded, and often makes lab
mistakes that drag out departmental Above all, committee members say
they hope to avoid such catastrophes as
JOHNSON said the committee will be the Times Beach, Mo., or Love Cana
JOHNON aid he ommtteewil be toxic waste dumps. "We owe it to our-
beneficial because it will help pull local tselv se ad t u r. chwientoor
industries intocontrolling hazardous selves and to our children to do
wase dmpig, lthughthe hae ben something ahead of time, said com-
waste dumping, although they havebeen mittee Chairperson Sandy Lustgarten,
"If this committee is formed and ap- of the League of Women Voters.
proved by the Board, that will get in-
dustry involved in a much more active T U
way," he said.
He also said that it would help make
the public more aware of the hazards of
dumping toxic waste. "People are
using (toxic substances) who O
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