Newspapers / The Guilfordian (Greensboro, N.C.) / Feb. 6, 1989, edition 1 / Page 1
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International Celebrations p. 3 Vol. 73 No. 15 Project Community Gets Enthusiastic Support; Diverse Activity by Laura Peters The newest club on campus, Proj ect Community (formerly called Volunteer Connection) met last Wednesday to introduce 19 projects, to transfer students and Guilfordians returning from abroad programs. The club was organized last se mester by two highly motivated lead ers, Lori Chamberlain and Hilary White with help from Jim Keith in order to increase student involve ment in nonprofit organizations. Guilford students have reacted enthusiastically: each project has at least five active members. The projects range from involve ment in local Greensboro organiza tion to support of nationwide pro grams and assistance for South Afri cans. For students interested in one time volunteer opportunities, the Volunteer Action Center headed by Lisa Boyd is a organization looking for students to help the mentally re tarded at a local day care center. The Center is heading up a drive to collect old newspapers, the profits of which will be donated to the Humpty Dumpty day care center. Boyd is also working with the Ju venile Delinquency Center through a department of the City of Greens boro. Two tutors are needed to work Tax-Free Bond Package Nearing Passage for Guilford by Linda Kreem Citing a desire to get on with making Guilford's plan of master development a reality, the college is considering doing something it has not done in a long time—go into debt. Saying "Guilford needs to make a major investment" to expand the drama and art departments, as well as renovate education buildings and provide additional performing and living space. Finance Director Jim Newlin confirmed that "college trus tees have approved...in principle" the college's selling of tax-free bonds to raise money quick. Commonly used in the public sector to raise funds for development projects, tax-free bonds became an option for private institutions in the GUILFORDIAN after school with "high-risk" delin quency students at the Center. After school tutors are required as well by Guilford Primary to work with grade school students. The Guilford Pri mary program was organized by Holly Fairbaim. Three other organizations involved closely with children include Best Friends, which will sponsor Junior Olympics at Guilford. Laura Beeler is the chairperson for this group. The tentative date set for Junior Olym pics is April 15. A group headed by Stacie Boggs will work at the Gate way Education Center with autistic children. Also, Lauri Kaplan is look ing for volunteers to commit a year as a mentor to a pregnant teenager. Other projects under Project Com munity are Urban Ministries, which is under the leadership of Laurel NesbitL She is actively recruiting students to work in the soup kitchen during the week and at the night shelter on evening shifts. Tommy Lalley is leading a group of concerned students to fight the construction of Painter Boulevard. Leigh Kemp volunteers at the Friends' Home reading books for blind people and visiting with the state two years ago when North Carolina passed legislation allowing private colleges to sell them. The bonds are attractive to institu tions because they allow them to borrow money at lower interest rates, and private investors like to buy the bonds because they do not have pay taxes on the interest they earn from them. So far, Duke, Wake Forest, Davidson, and Elon College have sold these bonds, said Newlin. Should the trustees approve the sale, which they are to decide upon in their May meeting, the college could sell as much as $lO million in bonds. Newlin says that if the college abided by its long-standing policy of having funds for projects committed before any building can begin, the proposed Students and Taxes p. 6 Guilford College, Greensboro, N.C. Mr Hkjy| gjj^BßWß^Bß|^^^W|SlßlSr t ' jfe/' *' '%lirL^ ■k Ir --I fc,- - BMBHiMfcji^| !H9ra9HHHHi *i> New York folk singer Roger Manning performs at the Underground. photo by Eric Buck elderly; anyone interested in assist ing is welcome to volunteer. Lastly, Laura Peters is organizing a Habitat for Humanity college chapter at Guilford to be allied with the re cently formed group at University of North Carolina at Greensboro. This group will be involved in fundraising projects, as well as sending work development could take as long as ten years to complete. By funding this project with bonds, the building could take as little as half that time, and construction of the telecommu nications building could start as early as this coming May, said Newlin. By borrowing the money for the development project, Guilford then would be free to focus its fund-rais ing efforts on increasing the endow ment. Newlin said there is little talk of a campaign, beginning no earlier than 1992 and lasting uptofouryears to raise S2O-25 million for the col lege endowment. This would more than double the endowment, which currently stands at sl7 million. Newlin in the past has cited a small endowment as one of the problems which has m ade necessary the double- groups to assist in construction of houses in downtown Greensboro For any student too busy to com mit to a regular volunteer position, there are two projects which are looking strictly for donations. All that is required is a quick cleaning blitz of the closet and bookshelf. digit tuition increase percentages Guilford has seen in recent years. If the college is successful in rais ing that much for the endowment then the income produced from that endowment could go toward meet ing the college's operating budget, and funds which now go towards the operating budget could go toward paying off the bonds. The operating budget, which goes toward mainte nance and renovations, is now funded mostly by tuition and, to a lesser degree, by the endowment. Another source of funds for pay ing off the debt, which Newlm esti mated would be paid off on an annual basis for the next 20-30 years, would be income generated through some Guilford Lacrosse Cranking Up p. 7 February 6, 1989 Megan Keiser is working with the bookstore to send books to South Af rica, and Anne Dowd will be collect ing clothes to be donated to a needy organization to be chosen by stu dents. For everyone who has the desire to give a little bit of them selves, Project Community has a project for them. of the proposed development. For instance, additional residence space would be paid for by students living in that space, and expansion of the physical education center would be paid for by fees paid to the college by the YMCA, which shares the facil ity. Newlin said the trustees' decision would be based partly on how stu dents, faculty, and staff respond to the need for speed in completing development plans. If the sense is that these changes are needed as soon as possible, then there is a good chance that the trustees will approve the action; however, if their is that the need is not that urgent, the trustees "would rather not do it," said Newlin.
The Guilfordian (Greensboro, N.C.)
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Feb. 6, 1989, edition 1
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