28
February
2002
|
18:00 PM
America/New_York

OSU trustees accept funds, approve personnel, other matters


COLUMBUS -- More than $4 million in gifts to The Ohio State University’s Max M. Fisher College of Business will be used to establish The Fisher College Building Complex Fund. The fund, approved by the university’s Board of Trustees in its meeting Friday (3/1), will support the new complex and activities therein. The final unit in the six-building, 390,000 square-foot complex is the Blackwell Inn, scheduled to open in June 2002. It will serve participants in the college's executive education programs as well as other university functions, the business community and the general public. With completion of the Blackwell, Fisher College will have one of the few fully integrated business campuses in the nation.

The board also approved a new endowed professorship and 15 other named endowed funds for a total of $7.3 million in gifts to the university during the month of January. In addition, trustees accepted 265 research grants and contracts totaling nearly $26 million, awarded to the university in January 2002.

In other business, the board approved a variety of personnel, fiscal and construction-related matters.

Named endowed professorship

  • The Mildred E. Newton Professorship, $555,042, established with gifts from The Ohio State University Nurses Alumnae Association in honor of Newton, director of the School of Nursing from 1951 to 1968. The annual income will provide support for the work of a distinguished teacher and scholar in nursing, nursing education and health care.

    • Named endowed funds

    • The Ferris P. Copper and Lillian Copper Memorial Endowment Fund in Medicine, $808,264, established with gifts in memory of Ferris (B.F.A. 1940) and Lillian Copper from his estate to support the College of Medicine and Public Health
    • The Raymond E. Mason Endowment Fund for Excellence, $800,000, established with gifts from Raymond E. Mason Jr. (B.S. Bus. Adm. 1941) to support student activities and faculty in the Fisher College of Business
    • The Paul A. Smith and Ethel I. Smith 4-H Scholarship Endowment Fund, $417,408, established with gifts from the estate of the Smiths of NAVARRE to provide scholarships in the College of Food, Agricultural and Environmental Sciences.
    • The University Pathology Services Anatomic Pathology Professorship Fund, $175,000, established with gifts from University Pathology Services and other friends of the Department of Pathology to support a future professorship in the department in the College of Medicine and Public Health
    • The University Pathology Services Clinical Pathology Professorship Fund, $175,000, established with gifts from University Pathology Services and other friends of the Department of Pathology to support a future professorship in the department in the College of Medicine and Public Health
    • The Clara Hilberg Teller Endowed Scholarship Fund, $80,000, established with gifts from the estate of Clara Teller (B.A.1955) to provide scholarships in the College of Humanities
    • The Bostic-Georges Faculty Service Award Fund, $50,000, established with gifts from the Bostic family of COLUMBUS and the Georges family of WESTERVILLE to provide a faculty member award at the Fisher College of Business
    • The Ruth C. and Ralph O. Jentz Dean’s Innovation Fund, $50,000, established with a gift from the estate of Ralph Jentz of CINCINNATI to further the activities of the College of Veterinary Medicine
    • The John Esselburn Scholarship Fund, $30,000, established with gifts from John A. Esselburn (B.S. Bus. Adm. 1967) and Kathryne Esselburn of NAPERVILLE, ILL, and NAPLES, FLA. to support scholarships for students in the Fisher College of Business
    • The Lynn Ackerman Hirsch Memorial Fund for Cancer Research, $26,947, established with a gift from Hirsch’s brother, Kenneth Ackerman of COLUMBUS, to support cancer research at the Comprehensive Cancer Center – The Arthur G. James Cancer Hospital and Richard J. Solove Research Institute
    • The Dr. Donald R. Redman Food Animal Health Research Program Research and Education Fund, $26,248, established with a gift from the Food Animal Health Research Program to enhance the program at the Ohio Agricultural Research and Development Center
    • The Verland W. and Brian Belt Engineering Scholarship Fund, $25,000, established with gifts from Verland (B.C.E. 1937) and Brian Belt (B.I.E, 1968, M.S. 1969) to provide merit scholarships to a student majoring in engineering
    • The Paul S. Metzger M.D. and Lee Metzger Medical Heritage Center Endowment Fund, $25,571 established with gifts from Paul Metzger (M.D. 1948) and Lee Metzger (B.S.Nurs. 1949) of COLUMBUS to support the Medical Heritage Center’s historic collections in the Prior Health Sciences Library
    • The Ohio Agricultural Research and Development Center Innovation Fund, $25,000, established with a gift from Forest (Ph.D. 1967) and Karen Muir of WOOSTER to enhance and foster innovative concepts and visions that advance excellence in agriculture
    • The Hofmann Family Foundation Athletic Scholarship Fund, $25,000, established with gifts from The Hofmann Family Foundation of PITTSBURGH, PA. to supplement the student-athlete grant-in-aid scholarship costs for members of the varsity men’s hockey team

    Change in name and description of named endowed fund

    • The Anna Sborowitz Scholarship Fund, established in 1995 with gifts from Paul K. Sorren (B.S.Bus.Adm. 1946) of MIAMI, FLA., is now The Anna Sborowitz Endowment Fund.

    Appointments

    • Electra D. Haskett has been named professor and holder of the Marion N. Rowley Designated Chair in Cancer Research and associate director of population sciences in The Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J. Solove Research Institute, effective Jan. 1, 2002 through Dec. 31, 2005. Prior to joining the university, Paskett was associate professor of epidemiology in the Wake Forest University College of Medicine Department of Public Health Sciences. A noted expert in women’s and minority health issues, she also was director of the education program at the nationally designated Women’s Health Center of Excellence and program director of the Comprehensive Cancer Center in Winston-Salem, N.C.
    • Jay L. Zweier has been named director of The Dorothy M. Davis Heart and Lung Research Institute and holder of the John H. and Mildred C. Lumley Chair in Medicine in the Department of Internal Medicine, effective July 1, 2002, through June 30, 2007. He is currently professor and chief of cardiology research in the Department of Medicine, Divisions of Cardiology and Pulmonary Medicine at The Johns Hopkins University School of Medicine.
    • Michael D. Lairmore of GRANDVIEW HEIGHTS (43212), professor of veterinary biosciences and professor of molecular virology, has been named chair of the Department of Veterinary Biosciences, effective Feb. 1, 2002 through June 30, 2005.
    • Michael B. Howie of UPPER ARLINGTON (43220), professor of pharmacy and professor of anesthesiology, has been named chair of the Department of Anesthesiology in the College of Medicine and Public Health, effective Feb. 14, 2002 through June 30, 2004.
    • Gifford Weary of UPPER ARLINGTON (43220), professor of psychology, has been named chair of the Department of Psychology in the College of Social and Behavioral Sciences, effective July 1, 2002, through June 30, 2006.
    • Dimitrios G. Spigos of COLUMBUS (43235), professor of radiology, has been named chair of the Department of Radiology in the College of Medicine and Public Health, effective July 1, 2002, through June 30, 2005.

    Emeritus Titles

    • Manuel Tzagournis, Department of Internal Medicine, has been granted the title vice president and dean and professor emeritus, effective March 1, 2002.
    • Bernard J. Hamrock, Department of Mechanical Engineering, has been granted the title professor emeritus, effective April 1, 2002.
    • Jean S. Opliger, Agricultural Technical Institute (science and business), has been granted the title associate professor emeritus, effective April 1, 2002.
    • Carol J. Bininger, College of Nursing, has been granted the title assistant professor emeritus, effective April 1, 2002.
    • Edward L. Smith, Ohio State University Extension, with the title assistant professor emeritus, effective March 1, 2002.

    Resolutions in memoriam
    The board approved resolutions in memoriam for the following:

    • Nan Arbuckle, assistant professor in English (Lima Campus), who died Nov. 25, 2001.
    • Robert J. Fass, professor in the departments of Internal Medicine and Molecular Virology, Immunology and Medical Genetics and director of the Division of Infectious Diseases, who died Jan. 1, 2002.
    • Paul L. Gerstner, assistant professor emeritus in The Ohio State University Extension, who died Jan. 28, 2002.
    • David S. Goldschmidt, clinical assistant professor emeritus in the College of Optometry, who died Dec. 26, 2001.
    • William S. Guthrie, former executive dean for student relations and former assistant professor of social work, who died Jan. 2, 2002.
    • Franklin M. Ludden, professor emeritus in the Department of History of Art, who died Jan. 11, 2002.
    • Charles M. Martin, professor emeritus in The Ohio State University Extension and the Department of Animal Studies, who died Nov. 1, 2001.
    • Richard H. Wilson, professor emeritus in the Department of Human and Community Resource Development, who died Jan. 2, 2002.

    Construction projects approved
    The board authorized the employment of an architect/engineering firm and requested construction bids for the following:

    • A new Ohio 4-H Center to house 4-H development staff, OSU Extension programs and those programs in the College of Food, Agricultural and Environmental Sciences that will interact with 4-H. Total estimated project cost is $9.1 million with funding provided by the Ohio 4-H Foundation.
    • A new Multi-Purpose Turf Field on the northwest field of the Larkins four-field complex, including installation of turf field lighting and filming platform for use as a practice field for the Marching Band, club sports, men’s and women’s soccer, lacrosse and field hockey and flag football. Total estimated project cost is $1.2 million with funding provided by university bond proceeds with debt service paid by Transportation and Parking, Recreational Sports, Business and Finance, gifts to the Marching Band, and gifts to the university.
    • Construction of a courtyard adjacent to the new Shisler Center on the Agricultural Technical Institute campus in Wooster. Total estimated project cost is $300,000 with funding provided by House Bill 640.

    The board also authorized a request for construction bids for the following projects:

  • The remaining construction phases of the Richard M. Ross Heart Hospital, including generator installation, security system, building demolition and site utilities. Total estimated project cost is $82.2 million with funding provided by a gift from the Ross family, House Bill 640 and future university bond proceeds with debt service paid by income from patient fees and/or future gifts to the Heart Hospital.
  • Minor renovations in Building 1 and construction of three modular buildings at the University Laboratory Animal Research Center to house animals with closely monitored HVAC and electrical services. Total estimated project cost is $500,000 with funding provided the Office of Research.

    • Maintenance and renewal plan adopted
    A stewardship policy designed to assure funding for maintenance and renewal of university facilities was adopted by the board. Full details of the policy were presented to trustees at the February meeting.
    The key points of the policy are:

    • Plans for facilities and building renewal should be included as a component of the business plan for every new capital project over $1.5 million.
    • Renovation and replacement of academic buildings continue to be given priority for use of state capital dollars.
    • The university must manage the growth of space and recognize that the addition of space without funding for maintenance and renewal exacerbates future deferred maintenance problems.
    • Attached to the policy are strategic principles that would apply to the maintenance and renewal of university facilities. An important element is annually setting aside 2 percent of the original construction cost or its equivalent for new space to assure sufficient resources are available.

    Purchasing policy updated
    Trustees revised the university’s purchasing policy to authorize the president or senior vice president for business and finance to purchase, without competitive bidding, equipment, materials, supplies or services through participation in State of Ohio term schedules in which the vendor guarantees that the state will receive the lowest price offered to the federal government.

    Budget report adopted
    With the final count of the university’s enrollment figures and student fee revenues for summer, autumn and winter quarters now available, the board approved a resolution to adjust the appropriate resources budgets to reflect any second quarter changes. The board also resolved to freeze the spending of any additional resources until a balanced budget plan is approved for the 2002-03 fiscal year.

    Faculty rules amended
    The board approved several proposed changes to the Rules of the University Faculty concerning the time of registration and the payment of fees.

    Board hears endowment report
    In his monthly report, University Treasurer James L. Nichols updated trustees on the university’s endowment, which stood at $1.006 billion at the end of February. In his quarterly report, he said that as of Dec. 31 the endowment was at $1.044 billion, after peaking June 30, 2000 at $1.3 billion. Over the first six months of the fiscal year, 54 new funds have been added to the endowment. Nichols said that the portion of the endowment funding chairs and professorships is $320 million.
    Trustees approved a request to modify the Endowment Fund Investments Policy to adjust asset allocation ranges and targets, and certain dollar limitations of authorized investments. The asset allocation ranges have been widened to allow for market fluctuations. Nichols said the target for alternative investments has been increased from 8 percent to 13 percent, while the target for U.S. Large-Cap stocks has decreased from 45 percent to 40 percent.
    Upon the recommendation of the investments committee, the board approved the appointment and reappointment of external investment managers to assist the Office of the Treasurer in the management of the university’s endowment fund.