To learn more about Stanford’s endowment, The Daily interviewed Robert Wallace, chief executive officer of the Stanford Management Company (SMC), which is responsible for managing the $28.7 billion dollar Merged Pool, the principal fund for investing the endowment.
Provost Persis Drell presented on the 2019-20 University budget plan at Thursday afternoon Faculty Senate meeting. She described the financial calculus behind the 2.1 percent endowment payout for the upcoming fiscal year and described Stanford’s financial priorities as reflected by the allocation of general funds.
In an email to faculty members, Provost Drell announced that up to $1.7 million dollar funds would be made available to the Stanford University Press in fiscal year 2020. Her message followed outcry from Stanford faculty members and affiliates, after Drell’s announcement at Friday’s Faculty Senate meeting that a funding application from the Press had been rejected.
I am writing to you as a scholar of the Holocaust and as a two-time Stanford University Press author. I was distressed to read this past week in various news sources that you plan to significantly cut support for the press. According to those who work closely with SUP, this cut could lead to the demise of one of the nation’s premier outlets for academic scholarship. It is difficult for me to understand how one of the world’s richest educational institutions could be so shortsighted as to risk such a dire outcome, even in a budget year that you have described as “tight.” I am writing in the hope that you can still be convinced to reverse this misguided decision and save the reputation of your university.
In the Thursday’s Faculty Senate, Provost Persis Drell summarized the financial position of the University’s endowment and a controversial recent decision to turn down a request from the campus publishing house, Stanford University Press, for additional funds. The Senate later deliberated over the state of graduate student education and affordability.
ASSU executives Shanta Katipamula ’19 and Ph.D. candidate Rosie Nelson framed their budget presentation around a theme of student belonging.
In the midterm elections yesterday, Palo Alto voters decisively struck down Measure F, the local ballot initiative aimed at curbing healthcare spending that Stanford vehemently opposed.
In a unanimous vote, the councillors swore in Latin American history Ph.D candidate Mateo Carrillo to represent the social sciences district. Carrillo was the default replacement for Caleb Smith ’18, who was elected last year but graduated, leaving the seat vacant over the summer.