(Suilforfimn
Volume LXVIII, No. 6
Land Holdings
Benefit College
By Andrew Stuart
Guilford College has relative
ly substantial land holdings, both
on and off-campus. The campus'
three hundred acres and about
one hundred acres of off-campus
land create a sizable and impor
tant resource for the College.
Off-campus land amounts to
about 22% of Guilford's total
holdings. A third of this is Surf
and Sound, the College's com
mercial campground at the North
Carolina seashore. The majority
of the rest is received through
outright gifts says Jim Newlin,
Director of Financial Affairs.
People give land to the College
rather than money, because of
tax reasons. Unless the land is
adjacent to the campus, it is
generally sold immediately or
held for a short time until the
market is more favorable to the
parcel.
The funds generated from the
sale of the properties are used ac
cording to the donor's wishes,
usually to establish a scholarship
fund or add to the endowment.
Most of the parcels of land
which do not come through gifts
are received through wills,
usually of alumni. Some are
bought by the College as
investments. However, the
College is not in the real estate
investment business Dick Coe,
Associate Business Manager,
said.
Guilford Exp
Power F
Guilford experienced a six
hour blackout while an electric
pole, broken at its base by milner
residents vibrating the guide
wires, was replaced Friday even
ing.
When the electric pole broke
about 3:50 p.m. high voltage
wires touched and shorted caus
ing several controls at the substa
tion to blow, the resulting im
balance in current caused some
lights to go out, others to dim and
motors to burn out, John Lind
strom, Director of Maintenance,
said.
Lindstrom estimated the final
cost for repairs to be between
$5,000 and SB,OOO.
Lindstrom said the electric
pole at the north end of Milner
The College does not actively
go out and look for property. In
stead, some party ususally comes
to Guilford and identifies a piece
of land. If the College finds it at
tractive and a good investment
for the endowment, the College
may but it, hold it for a few years
while its value appreciates, and
then sell it for a profit.'
Coe says that when this is done
it is only when it will substantial
ly help the College's endowment.
Land is not bought on a
speculative basis.
Besides the donated parcels
which are either lots or lots with a
house, Guilford also owns Surf
and Sound, a money-generating,
commercial campground at the
beach and a partial interest in a
mountain in western North
Carolina.
The thirty-six acre cam
pground Surf and Sound is one of
the few off-campus properties
bought specificaly as an invest
ment for the College's endow
ment. It does generate ap
preciable amounts of funds,
enough to pay the mortgage on
the property and add it the en
dowment; however, while it is
profit-making, the College has
owned it for six years and does
not intend to keep it forever, Coe
said.
Guilford has a minor interest
in ten acres on the top of Brown
Mountain. Jim Newlin
emphasizes that this property is
not particularly valuable
although the area does have some
historical significance.
was supported by only the metal
pipe that carries wires down the
side of the pole.
Lindstrom turned the power to
the campus off about 5:30 so the
pole coule be replaced and the
wires and equipment moved to
the new pole. Electricity suplied
directly from Duke Power to
street lamps, Frazier apartments
and houses by the lake was turn
ed off about 6:45 so guilford's
substation could be repaired.
After power was restored
about 11:30 Lindstrom and some
of his staff inspected the campus
to be certain no fires or severe
damage had occured. Additional
work was done over the weekend
to repair damaged pumps and
fans.
Guilford College, Greensboro, N.C. 27410
Guilford is involved in a com
plex issue over clarification of
ownership. Since Guiford receiv
ed the parcel through a will with
others getting the remaining in
terests in the mountain top,
Guilford is searching out the
other parties in order to come to a
decision about buying those in
terests or selling Guilford's own
interest.
Although there, is the pro
fitable campground, profits from
land, rent, etc., pay for only
about one percent of Guilford's
operating costs. All pf the income
from land goes into the endow
ment; these funds account for
five and one-half percent of the
money generated from the en
dowment goes to the operating
costs of the College. Of this ten
percent, only one percent ends up
coming from land-generated
profits.
Eighty percent of Guilford's
property is the campus, including
the lake and woodlands area, and
the property, mostly houses,
which adjoins the campus.
The College owns over twenty
houses either on the campus or
contiguous to it. These houses
play a most valuable role for the
faculty, staff, and students of the
College.
The houses are rented to facul
ty and staff for periods of up to
three years in order to allow
sufficient time for the renters to
find suitable permanent housing.
An additional attraction to this
continued on page 3
■p. B ' V k JBf
Wr Hp JjpHj
.Photo by Andrew Stuart
Ken Schwab looks on a parents pick up their registration packet from Robin Menkis 'B7. Featured
events for Parents Weekend included seminars on Quaker education and paying for college in
addition to organization meetings for the new Parents Association.
MOCK * I
| ELECTION f
J 308 votes registered J
* WALTER MONDALE(Dem.) *
J 159 votes, or 51.6? *
* *
* RONALD REAGAN (Rep.) *
J 136 votes, or 44.2? J
* *
J MEL MASON (Lib.) *
+c 9 votes, or 2.9? J
£ *
{ DAVID BERGLAND (SWP) J
* 4 votes, or 1.3? +
i *
* Assorted Nonsensical Causes J
•5 12 misfit votes *
Set, Special Effects
Make Show
By Julie Yindra
As the lights came back on at
Guilford on Friday night the cur
tain went up in Dana Auditorium
for the midnight showing of
Dracula.
Spencer Diggs and Yogi Tsuji
gave brilliant performances, in
their leading roles as Dr. Van
Helsing and Count Dracula. these
roles were enhanced by strong
acting skills and stage presence,
but just as important in their suc
cess was the fact that Spencer
Diggs IS Van helsing, and most
definitely, Yogi Tsuji IS the evil
count Dracula.
The supporting cast was good,
keeping control over the constant
November 7, 1984
movement of the show. Among
some of their surprising
moments were Elizabeth Nor
ton's creepy scene with Tsuji,
Kyle Barrett's timely fits of mad
rage, and Adam Robinson's flir
tatious scene with Norton, when
the star of the show; a mouse
named Templeton-cuthbert, was
introduced. Vetran Doug Wright
and newcomers Jonathon Harker
and Mia Kissil are also to be com
mended for their support.
But by far the one con
tribution that made the show
was a fine combination of special
effects and set design that
created the perfect atmosphere.
Director Joan Zubl is to be
commended for her co-ordination
of a fine fall production.