• About
  • Masthead
    • Editorial Board
  • Advertise
  • Join Us
  • Archives
The Wellesley News -
  • News
    • Residential halls experience maintenance issues
      Residential halls experience maintenance issues
    • Wellesley community grapples with ChatGPT’s implications
      Wellesley community grapples with ChatGPT’s implications
    • Students protest for trans and nonbinary rights
      Students protest for trans and nonbinary rights
    • News in Brief
    • Senate Report
  • Features
    • ES 300 Conducts Waste Audit
      ES 300 Conducts Waste Audit
    • Scholar-advocate visits Wellesley to discuss women and incarceration
      Scholar-advocate visits Wellesley to discuss women and incarceration
    • Diana Khoi Nguyen leads workshop and poetry reading
      Diana Khoi Nguyen leads workshop and poetry reading
    • Alumnae Spotlight
    • Faculty Focus
  • Opinions
    • Navigating Anonymity-Seeking Apps at Wellesley
      Navigating Anonymity-Seeking Apps at Wellesley
    • Trans people are not your culture war
      Trans people are not your culture war
    • The Silicon Valley Bank collapse has exposed how the government chooses to spend its money
      The Silicon Valley Bank collapse has exposed how the government chooses to spend its money
    • Staff Editorial
    • Letters to the Editor
  • Arts
    • Hozier stuns with “Eat Your Young” EP
      Hozier stuns with “Eat Your Young” EP
    • Diana Khoi Nguyen leads workshop and poetry reading
      Diana Khoi Nguyen leads workshop and poetry reading
    • “Cocaine Bear” indicates the return of camp movies
      “Cocaine Bear” indicates the return of camp movies
    • Books Before Boys
  • Sports and Wellness
    • No image
      What even is a BORG and why does it matter?
    • Indoor Track & Field Team Prepares for Outisde
      Indoor Track & Field Team Prepares for Outisde
    • What even are BORGs and why do they matter?
      What even are BORGs and why do they matter?
    • Athlete of the Month
  • The Wellesley Snooze
    • Miss Me With That Gay Shit
      Miss Me With That Gay Shit
    • Tower House Prez Emails
      Tower House Prez Emails
    • Worst Human Being You’ve Ever Met Validated by Stone Center Therapist
      Worst Human Being You’ve Ever Met Validated by Stone Center Therapist
By Sam Lanevi News, News and Features, Senate ReportOctober 22, 2015

Senate Report: 10/21

Chief Investment Officer demystifies Wellesley’s endowment

Chief Investment Officer Debby Kuenstner gave a presentation to Senate about the endowment to help clarify misconceptions. The endowment is made up of 3,500 individually endowed funds with a net worth of about $2 billion dollars. For investment, all of the money is pooled and invested by the Investing Committee, which is a part of the Wellesley College Board of Trustees. The endowment cannot be spent in its entirety as it needs to be preserved for future generations of Wellesley students to ensure intergenerational equity. Endowed funds can only be used for the purpose designated by the donor. For example, if a donor gives $1 million for supporting faculty salaries, then it can only be used for that purpose. Thirty one percent of the endowment supports financial aid, 21 percent supports faculty salaries, 18 percent goes to departmental programs, 14 percent to the college’s operating budget and 16 percent to other categories including the Davis Museum, Academic Centers, Wellesley Centers for Women and internships. Questions can be directed to Debby Kuenstner at dkuenstner@wellesley.edu.

College Government President outlines goals for year

College Government President Adeline Lee outlined the goals for College Government President’s Council (CGPC). Lee wants to expand the support system for mental health by collaborating with on-campus organizations and the Wellesley College administration. CGPC will be organizing another Ideafest to tackle relevant issues on campus through the collaboration of students and College Government. Lee wants to organize a week-long event that tackles the idea of failure. Through lectures by faculty, students and young alums, Lee hopes Wellesley students will begin to talk about failure positively and break down the facade of perfection that surrounds “Wendy Wellesley.” Lee wants to expand socioeconomic support during winter and summer breaks to help students purchase food. She also hopes to discuss best practices with faculty to help make purchasing textbooks less of a burden to students.

Sustainability Committee hosts open hours

Sustainability Coordinator Sharon Bort announced the open hours for discussing the Sustainability Advisory Committee’s new Sustainability Plan. These discussions will take place today from 6 p.m. to 7 p.m. in El Table in Founders Hall and tomorrow from 12:30 p.m. to 1:30 p.m. in Sage Lounge in the Science Center. Students can learn about the Sustainability Plan and the context in which it was created by finding the Oct. 14 node under “2015 Stories” on the news section of the Wellesley College website.

Share on

  • Facebook
  • Twitter
  • Pinterest
  • Google +
  • LinkedIn
  • Email
Previous articleNation & World: 10/21
Next articleWellesley Sustainability Advisory Committee releases new policy draft

You may also like

Residential halls experience maintenance issues

Wellesley community grapples with ChatGPT’s implications

Students protest for trans and nonbinary rights

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

COPYRIGHT © 2023 THE WELLESLEY NEWS
Back to top