Signpost (Weber, Utah), 1975-01-211
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( en nr crx -3 S LJ U ULJ Vol. 34 No. 25 Donors make college principle beneficiary Donors who have asked to remain anonymous have named Weber State College as principle or remainder beneficiary in deferred gifts amounting to approximately two and one-half million dollars. "Gifts and grants to the college made through several wills, bequests and other forms of deferred giving will one day bring more than $2.5 million, largely in unrestricted funds, to the college," WSC President Joseph L. Bishop announced in a meeting of the WSC faculty Wednesday. Identification of the donors was not disclosed upon their request. The donations were obtained largely through the efforts of the WSC development fund which is authorized and actively participated in by the WSC Institutional Council. The fund acts as a foundation in receiving gifts and grants to the college. The deferred gifts consist of some of the more traditional forms of giving, such as bequests, wills, trusts, etc. A large portion of the deferred gifts, however, take the form of unitrusts or annuity trusts, which differ from an outright gift of cash since the donor receives income from invested securities during his or her lifetime even though they are irrevocably donated to the college. Bishop also differentiated between gifts of cash or securities received by the college and gifts of deferred nature, saying that, while deferred gifts are not immediately available for present needs, they represent a vital part in planning future growth and development. He indicated that outright gifts of cash for capital gifts and current operations totaled $2,297,000 for the 1973-74 fiscal year. Of this amount, more than $2 million was received from the Donnell Stewart and Lawrence T. Dee families as donations for the Dee Events Center. The deferred gift has specific appeal to the individual who wants to give financial assistance to the college, but requires the income during his lifetime. A popular form of deferred giving is illustrated in the case of a donor who transfers securities to the college through a unitrust or an annuity trust. The irrevocable trust executed during his lifetime allows the Tuesday, January 21, 1975 donor valuable tax incentives and yet provides the donor with the income from the trust during his lifetime, after which the trust passes to the college. Bishop pointed out that not all deferred donors are known by the college. "In some cases, Weber State is named as a remainder beneficiary in a will, life insurance or other bequest form and, unless the donor specifies otherwise, we may not learn his intent until the will is disclosed." "All institutions of higher Withdrawal date set February 14 is the last day for students to withdraw from classes ac- cording to Weber State registrar Harold Wiese. Students have the first four weeks of the quarter to change a class to credit-no credit. This gives them until Jan. 31 to make the change. Wiese said that students should check the computer printouts that are in the Union and Administration buildings to make sure that they; are registered correctly. Printing samples Media By Mary Woodhead News and Wire Editor The Media Board unanimously passed a motion to recommend Executive Council fund the Cognito staff's presentation of the First Stone on the condition the Media Board see a sample of the printer's color work and that the work is top quality. Rick Baker, editor in chief of the Cognito, presented a proposal to the Media Board that he, rather than Dave Midget should edit First Stone and presented the board with a set of figures that indicated he could have it done at a lower cost for a higher quality. Lower Cost First Stone, if it had been published by the Signpost in the same format as it has been done in the past, would have cost the students $1689 whereas as proposed by Baker will cost the students $1350. He proposed First Stone be published on magazine paper by Gale's printing in Ogden. rather education have felt the need for additional income to implement programs of merit," Bishop said. "Weber State's needs are more acute in that we have virtually no endowment funds at present when our financial needs are critical." The development of an endowment fund through a deferred gift program or through outright gifts of cash or security was cited . l l, f 4-l dilemma of increasing financial needs of the college. requested Board approves 'First Stone' than the Roy Sun Chronicle, which publishes the Signpost and has published the supplement in the past. The major difference comes in the price for the color pictures that both magazines would include.Several members of the board questioned Baker on the quality students might expect at this price. He replied that he had never seen any samples of Gale's color work but that he would try to get some for the board. Better paper Another change Baker announced the Cognito staff would make over the past method was that they would print First Stone on "high quality paper" so that it would be more like a magazine and would be easier to preserve. He brought in a sample of the Davis High School Dart as an example of the kind of paper that it would be printed on. Baker said that another change he would make would be to have First Stone material pass through a screening committee Ogden.Utah 84403 - (11- - I w CAROL PELLET1ER looks over a copy of last year's FIRST STONE. The Media Board will make a final recommendation today at 1 p.m. in U.B. 238 on whether to fund the creative arts supplement for this quarter. Photo bv Dianne Sheldon) approved and chosen by the Media Board and Executive Council to determine what should be printed. Dave Midget asked if this committee would end up being chosen on a quota system, which might deny a lot of interested students the chance to participate in the making of First Stone. Qualified judging Baker explained the reasoning behind his suggestion as being so that the material would be judged by more qualified people. As Baker presented the proposal, it was part of a $3260 proposal that would have included a public relations newsletter for student government as part of his duties. Included in the budget for the weekly newsletter which would cost the students $1910, was money for printing, office supplies and salaries. During a discussion on the salaries, Robin Jeppson, chairman of the board said that the Cognito staff has already Dry weather with variable clouds is likely to continue but with some valley fog. Temperatures will remain above normal. Highs will be 40 to 50. received three months salary for work on the original Cognito magazine which was never published. West moves division Wendy West, a media representative to the board, moved that the motion be divided so that the Media Board could make a decision on First Stone separate from the newsletter. Her motion was passed with Coordinator of Student Government Dave Rich, dissenting. Midget, who said after the meeting that he was very surprised by the proposal addressed the council saying "I don't know if I'm expected to be 'anti' the idea but I'm not." Midget's support He added that "I really like the idea but I'd like to see some of his (the printer's) work." The board then unanimously passed Baker's proposal for recommendation of funding by the Executive Council with the stipulation that they have a chance to judge the quality of the printer's work.
|Title||Signpost (Weber, Utah), 1975-01-21, Vol. 34, No. 25|
|Creator||Weber State College|
|Contributors||Associated Students of Weber College|
|Description||Weber's current student newspaper, the Signpost, first appeared on September 29, 1937. For two years prior to that time, campus news was disseminated via announcements posted on a bulletin board known as the "Signpost". As a result, the masthead of the first issue of the paper itself featured a rudimentary wooden sign with the title spelled out in rustic-looking letters. Over the years the paper has been published continuously, though the look, size and style has changed several times.|
|Subject||College student newspapers and periodicals; Weber State College|
|Publisher Digital||Stewart Library, Weber State University|
|Source||University Archives LD5893.W55 S5, Stewart Library, Weber State University|
|Rights Management||Public Domain. Courtesy of University Archives, Stewart Library, Weber State University.|