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| Welcome to Our Hoosier Board! Most of the posters here have been around for nearly a decade now. You'll find their knowledge and insight to be second to none. We have a really strong community and value everyone's opinions. Feel free to jump into any thread and voice your opinion with conviction. We love heated debates and even some fanbase ribbing from time to time. We pride ourselves on the lack of moderation needed to make this board successful. Please remember that we have been around many years and have an astute ability to tell the difference between an immature, childish, trash-talking troll and a passionate fan voicing his or her opinion. It is at the discretion of Jazen and myself whether any moderating actions should be taken at any given time. It's a very, very rare thing. In other words, no worries....you'll be fine! Cheers, sirbrianwilson Join our community! If you're already a member please log in to your account to access all of our features: |
| UB Fantasy Contest | |
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| Tweet Topic Started: Nov 6 2009, 04:58 PM (60 Views) | |
| boilergrad01 | Nov 6 2009, 04:58 PM Post #1 |
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Working on the last 5
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UB is alot of things but a great creative writer is one thing. I challenge everyone to ad to this thread with a fantasy story similar to the ones UB writes. |
| Nothing beats an Astronaut | |
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| dreachon | Nov 6 2009, 05:24 PM Post #2 |
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Creative Title Here
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Why Miles Brand left Indiana: Once upon a time Myles Brand was the president of IU. While many people didn't like him because of the Bobby Knight ordeal, there was another reason why he wasn't beloved within the Indiana community. Brand had an idea to use the excess interest off IU's endowments to do whatever he wished. Then president of the Indiana University Foundation, Curt Simic, rebuked this idea. The plan as Brand had laid out would take the interest off of donor supported endowments and use them for Brand's wishes. Basically, an endowment is a gift of at least $50,000 dedicated to whatever the donor wishes. An example would be an endowment for minority scholarships in the business school. Money from an endowment is never spent. The university invests the money and uses the interests to give away the scholarship in perpetuity. An endowment is expected to gain 9% interest yearly. Per university policy, 5% of this is used to give away the scholarship, 2% goes to the cost of maintaining the endowment, and 2% goes back into the endowment so that it grows. If the endowment makes more than 9% interest in a year, the excess interest is either used to increase the scholarship for that particular year or is put back into the endowment to grow it even more, depending on the donor's wishes. Brand's idea was to take any interest made by IU above 9% and instead of using the money in accordance with the donor's wishes, to use it as he pleased. His reasoning behind this was that Indiana invested the money, made the money, and therefore the money was ok to use as Indiana pleased. Curt Simic refused to allow this to happen and the two had a mini-battle over excess endowment interest money. Simic's view was that the endowments were created under certain principles and to use the money against donor wishes, even excess money, would be the same as betraying a donor. In fundraising terms, this is pretty much the worst thing you could possibly do. In the end, Simic won the battle and Brand started looking for a new job. Simic went on to be one of the most respected fundraisers in the country and is responsible for nearly every major gift to come through IU in the last 20 years. He retired in 2008. Wait. Did you say this was supposed to be a fantasy story? |
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7:26 PM Jul 10