Page 2 -The Michigan Daily, Friday, July 17, 1987
Enrollment to be investigated
By LISA BABCOCK racism and admissions, as well as Richard Kennedy, the University's
A committee of two University limited enrollment growth, may vice president for government rela-
regents, two state senators, and two have prompted the state to give the tions, said the University's initia-
state representatives will be appoin- University less funding than it ex- tives designed to fight racism should
ted before September to study the in- pected. have been taken into consideration.
state/out-of-state admissions con- The University received a $239.9 Wilbur said other universities
flict, said Kathy Wilbur, admin- million appropriation from the state, that raised their enrollments received
istrative aide to Sen. Bill Sederberg a 5.6 percent increase which was the a greater budget increase.
(R-East Lansing), yesterday. lowest in the state, and significantly
State legislators and University lower than the requested 6.0 percent - Daily staffer Edward Kleine
officials believe that problems over increase. contributed to this story
Plans include bridges, plazas
(CssiunedfromrageO universities. "This plan is one of the 15 years as I have, it's really
son said. singular achievements of this gratifying."
According to Regent Philip (University)." Regent Paul Brown (D-Petoskey)
Power (D-Ann Arbor), the plan iso- "It's a glorious plan," said Regent said that improving the campus will
lates the University within the city Deane Baker (R-Ann Arbor). "When benefit the University. "To have a
which is not found at other one looks at campus over the past nice environment with open spaces
around is conducive in the long run
to the well-being of the students," he
Ann Arbor's largest outdoor swimming pool . . . said.
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Checking and savings:
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Michigan Union, Lower Level 995-8037
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Ten Other Convenient Locations
Daily Photo by SCOTT LITUCHY
Regents Thomas Roach (D-Saline) and Deane Baker (R-Ann Arbor)
break the serious atmosphere of the Board of Regents meeting yes-
terday afternoon.
Regents postpone
B-School fund
By CATHERINE KIM sons. "While I admire the en-
The University's Board of Re- trepreneurial spirit of the fund, I
gents yesterday postponed the estab- think fund-raising is already well
lishment of a Michigan Business coordinated . . . Introduction of a
School Growth Fund until Septem- separate fund might disrupt that
ber. timing."
"The fund is really an opportunity Roach also thinks the investment
for business school alumni to con- program might set an inappropriate
tribute to the school," said Gilbert precedent for other schools. "I wan)
Whitaker, dean of the School of these issues to be clarified before we
Business Administration. approve the fund," Roach said.
Through investment management According to Chief Financial Of-
the fund would encourage business ficer James Brinkerhoff, the Univer-
school alumni to give the school fi- sity currently has very specific
nancial support. A board of trustees guidelines on how such funds will
and alumni investment managers, be spent. "The Business School
approved by the regents, would de- Fund is novel in that it is much
cide how to invest monies donated to broader in how the money is to be
the fund. spent. We will have to wait until
"Usually the University sells any September to find how we are going
gift stock it receives. But, in this to resolve this difference in policy."
case, we would invest gift funds Whitaker said, "Of course we had
mainly in securities with long-range to adopt the idea to fit Michigan
potential," Whitaker said, laws. And all the investments will
Although Regent Thomas Roach follow the University's policy with
(D-Saline) did not object to the fund, regards to companies doing business
he supported the delay for two rea- in South Africa."
e fr t an ntly
Vol. XCVI- No. 9S
The Michigan Daily (ISSN 0745-967 X) is published Fridays during
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August-$5 in Ann Arbor; $7 outside the city.
Managing Editr ........... MARTINFRANcK
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