THE TWIG
Newspaper of the Students of Meredith College
\Jol. XLl/n NO. 20
MEREDITH COLLEGE, RALEIGH, N. C.
MARCH I, 1973
82nd Founders’ Day held
Advancement goal reached
Meredith College has sur
passed the $5 million goal in
the largest fund drive in the
college’s history Shearon
Harris, president of Carolina
Power and Light Co. and Mer-
edHh College Advancement
Program (MCAP) general
chairman, said during the col
lege’s 82nd Founder’s Day ex
ercises on the campus Friday,
February 23.
Harris announced the
launching of the MCAP - Phase
I in February, 1968. The pro
gram goal was to raise $5
miUion in five years for five
new campus buildings, reno
vations of other facilities and
other college needs.
Total commitments to the
MCAP - Phase I reached $5,-
093,000 by the program’s fifth
anniversary, Harris said,
during the 10 a.m. ceremony
in Jones Hall.
During the five years, Mere
dith has constructed the five
new buildings, completed
other campus renovations and
additions, and strenghtened
its academic program.
Also, student aid resources
have been Increased by 677
percent, faculty salaries by 50
percent, and enrollment
increased by 45 percent to
an optimum of 1100 resident
students and approximately
200 day students.
Mered’th has and is operat
ing with a balanced budget and
no funds for the interim fin
ancing of the building program
were borrowed, Meredith
President John E. Weems said.
The funds over the $5 mil
lion MCAP - Phase I objec
tive and other resources will
be used for a fine arts fac
ility, Dr. Weems said.
Although this is not an ori
ginal part of the MCAP, Mer
edith trustees authorized a
study of Jones Hall which
contains the auditorium and
music department, for pos
sible renovation as a fine
arts center.
“We have about us the tan
gible results of the first phase
of the MCAP - Phase 1,’’ Dr.
Weems said. “The challenge
now before us is to insure
that within these buildings the
quality of learning reflects
the highest ideals of the am
bitious founders of Meredith. ’ ’
“Our task now is to stren-
ghten the curriculum by mak
ing more funds available for
the academic program, for
professorships and for schol
arships. This will be the
thrust of the MCAP - Phase
II,’’ Dr. Weems said.
The day’s activities were
planned to honor the founders
of Meredith, chartered in 189L
Fred A. Coe, Jr., president of
Burroughs Wellcome Co., a
Research Triangle Park
pharmaceutical research and
manufacturing company, deli
vered the Founder’s Day ad
dress.
Coe said the institution as it
is today reflects the affection
and love of its many support
ers and that “a part of Mer
edith’s uniqueness has been
the equal emphasis she has
placed throughout the years
on citizenship and scholar
ship.’’
Coe pointed out that the ex
istence and success of Mere
dith and other institutions of
ten depends on support
received from the business
sector of society.
“The free enterprise system
- the profit system - is the
cement that holds the country
together and the bricks and
mortar that built it in the
first place,’’ Coe said. For
business to continue support
ing colleges, a reasonable
profit must be made, he said.
Mrs. Elizabeth David Reid,
Raleigh City Council mem
ber, Meredith alumna and for
mer trustee, paid tribute to
the college founders.
Members of Meredith’s sen
ior class conducted the annual
memorial service at the grave
of Thomas Meredith in Raleigh
City Cemetery following the
address.
While announcing the com
pletion of the MCAP, Shearon
Harris said “The financial
crisis of private colleges is
real and competition is in
tensifying ... but the vigor
ous efforts of the many ad
vocates of Meredith during
the immediate past five years
in support of the MCAP gives
strong evidence for the future
service of Meredith.’’
He pointed out that Mere
dith trustees had committed
themselves for almost $900,-
000, alumnae for nearly
$600,000 individuals for al
most $400,000, corporations
for almost $1,200,000, and
$875,000 from foundations.
Also, approximately $65,000
in commitments were re
ceived from faculty and staff,
almost $200,000 from de
ferred gifts, and nearly $900,-
000 from other designated
sources for a total over the
$5 million mark.
Harris further said the Ral
eigh phase of the program
under the direction of MCAP
vice chairman Victor E. Bell,
Jr. had secured commitments
of $1.5 million.
C. C. Cameron, president of
the First Union National Bank
and chairman of the Meredith
Board of Trustees, said during
the ceremony that “Meredith,
as a private Christian college,
has virtue and is deserving
of the investments we have
made. She also is worthy of
our continued interest. ’’
ADVOCATE OF HIGHER EDUCATION FOR WOMEN
THE BAPtiST FEMALE OHIVERSITY. CHARTERED IN 189F,
WAS RENAMED MEREDITH COLLEGE IN 1909.
IHI? WAS PIACED BY THE CLASS OP 1973.
.
Mr. Fred Coe, President of Burroughs-Wellcome Company,
gave the keynote address, “To Undertake And To Finish.’’
Helms, Carswell
named to Board
Two new trustees were elect
ed, a record budget was
adopted and a new retirement
policy was approved by the
Meredith College Board of
Trustees during their semi
annual meeting on the campus
February 23 and 24.
North Carolina’s freshman
U.S. Senator, Jesse Helms,
and Mrs. Guy Carswell of
Charlotte were elected
trustees by the board to fill
unexpired terms. Helms will
serve a three year term and
Mrs. Carswell a two year
term. Their elections are ef
fective immediately.
Senator Helms is a member
of Hayes Barton Baptist
Church and Mrs. Carswell, an
alumna, is a member of Myers
Park Baptist Church.
A recorded budget of $3.7
million adopted by the board
reflects a $100 per year in
crease in tuition. Total tui
tion, fees, room, and board
next year will be $2,700.
President John E. Weems
reported to the board that
the $100 increase was less than
the increased costs of mat
erials and operating expen
ses.
Dr. Weems also reported
that Meredith had full enroll
ment, anticipated a waiting
list for admission next year
and was continuing curricu
lum development which pro
vides academic flexibility to
enable students to relate their
career and educational intent
to their formal course work.
The trustees also adopted a
new retirement policy, effect
ive July, 1973, setting nor
mal faculty and administra
tor’s retirement at age 65 and
granted tenure for Dr. Clara
Bunn, assistant professor of
biology.
would be needed to meet the
budget and other college needs
next year.
Included in the $900,000 is
$315,000 for current operat
ional needs including financial
aid for needy students, plant
operational expenses, library
resources and others; $335,-
000 for campus development
and facilities; and $250,000
for the endowment fund.
Long range fund raising
priority will be for endowment
resources for financial aid,
faculty enrichment and devel
opment and general operating
expenses.
Kanipe said the success of
the $5 million Meredith Col
lege Advancement Program
Phase 1 was evidence of the
confidence of Meredith con
stituents which represented
the college’s hope for finan
cial stability.
The plaque placed on the grave of Thomas Meredith was given by the Senior Class and dedicated
in the Friday service held at the Raleigh City Cemetery.
John T. Kanipe, Jr., vice
president for institutional ad
vancement presented the
trustee development commit
tee and indicated that more
than $900,000 in gift income
SENATOR JESSE HELMS
Mm