1987
cabrini colle e, radnor, a. 19087
vol. xxxiv, vol.11
ht on Cabrini's Christmas
Santa Claus, Brian Gould, freshman, shares a treat with Sarah Barena.m, daughter of Edna Barenbaum, assistantprofessor, special educa'llr., at the annual Christmas Dinner. The dinner washeld on Dec. 7 in the 2F!leria and the entire student body, staff and their families were invited
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to attend. A buffet-style dinner was set up and included bread, drinks, hors d'oeuvres and a dessert table. The dinner was followed by the annual Yulelog Ceremony and a Liturgy. (photo by Debbie Ferrar)
rash' has littleeffect at Cabrini :ailed Black Monday. After a sound financial growth, ]ow .. wm~ good interest rates for and increased consumer the Dow Jones Industrial :m.ia nosedive of 508 points on according to Newsweek, ~e United States' population directly in the stock market, :rund to be ripple effects felt by :=cion. In the Nov. 2issue of the ci,e areas cited to be most the crash are: consumer JCi,1 outlook for growth, real :::ucment, universities and •ct.::s and agriculture. :]I it affect Cabrini? - _ to Bill Battles, vice-president 1111n:naladvancement, there will .mtial effect on Cabrini's :nnds. Endowment funds are, o Webster's Dictionary, property donated to an illdividual,or group to produce
res ..... 8-12
Battles said, "As far as our endowment fund is concerned, we have felt no losses. We have long-pull so that even though the value of our portfolio was negatively effected, our income from the fund will not be affected." He continued, "We still get for operating revenues what we anticipated for this year what we anticipated from our financial manager." Cabrini has hired a financial manager to handle the coJlege's funds. "There is a constricted policyas to how the financial manager can affect our funds. We set up groundrules for him to follow," Battles said. Cabrini had gotten out of equity into treasury notes and more liquid accounts before the crash on the advice of its financial manager, according to Battles. "He was far-sighted enough to know that the market was crazy." Although based upon the last fiveyears, there is a strong possibility of a tuition increase for next year, this would not at all be the result . of the Oct. stock market crash, according to Battles.
Last year, according to Battles, there was a 5.6% increase in tuition. He said that that was still better than some neighboring schools and that the administration does its best to keep Cabrini's as low as possible.
'Although based upon the last five years, there is a strong possibility of a tuition increase for next year, this would not at all be the result of the Oct. stock market crash.' Bill Battles, vice president of institutional advancement.
Year-end wrap (page 4-5)
Another way that Cabrini students could feel the crunch would be if their parents had invested their savings in mutual funds in the hope of selling them to pay their children's tuition. Another area that could affect colleges would be in the amount of donations. AccordingtoBattles, Cabrini felt no effect in the amount of donations given to the College during its recent Phonathon, in which the development office solicits donations from the parents of its students. "In fact, we got consistently more from the parents during this year's Phonathon, but that was due in part to a bigger effort on our part," Battles said.
According to officials at PrudentialBache Securities, an investment banking firm, another area that students could feel a difference might be in a tighter job market, come May. Students, especially those interested in the area of investment banking, could find potential employers wary of hiring new employees.
Meet Annmarie Baeurle (page 13) t