University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
The University of Wisconsin Collection

Page View

Richard, George (ed.) / Wisconsin alumnus
Volume 56, Number 10 (Feb. 15, 1955)

Reed of GE announces gift program,   p. 16

Page 16

Regents Urged
To Push Housing Plans
,f-r AYS AND WEEKS grow into
  1Jyears pretty quickly," observed
       Regent C. 0. Wanvig as he
opened a discussion of dormitory plan-
ning at the Regents' January meeting.
  Noting the announced goal of 2,500
more student spaces within the next six
to eight years, he suggested that the Re-
gents go all out to meet the problem,
and investigate the possibility of using
low-interest federal government loans to
build  entirely self-liquidating units.
(Technical obstructions have   limited
financing by this method in the past;
to clear these obstructions would require
enabling legislation at either state or na-
tional level, or both.)
  Wanvig was assured by Regent Vice-
Pres. Oscar Rennebohm that things werL
going just about as fast as the Regents
could push them. "It's all in the works,"
he said.
  The University's most immediate prob-
lem has been replacement of Chadbourne
Hall by another girl's housing unit. The
University would like to build a large
new dormitory (for 600 students) on
the present site, but the State Building
Commission has favored that site for
classroom building. An alternative plan
would put a smaller unit (for 400 stu-
dents) in the Tripp-Adams hall area-
for the same outlay of funds. These
funds, incidentally, may now be obtained
without further state appropriation. How-
ever, to build at either site would require
approval of the Building Commission.
   In addition, the Regents have asked,
in a building request for the next bien-
nium, the sum of $1,500,000 from state
funds for new dormitory construction.
This money would be used as "second
mortgage" funds in arranging for build.
ing which would cost much more than
that amount, and which would in the
long run be amortized through room
and board payments.
   To build entirely self-liquidating dor-
mitories within the limits of presently
available financing would require room-
and-board rates considerably above those
now charged by Residence Halls.
   The Regents did get something defi-
nite accomplished on the housing front
last month. They authorized bid-adver-
tising for the construction of two modest-
rental dorms in the areas south of Uni-
versity Avenue on sites now owned by
the Wisconsin University Building Cor-
poration. The State Building Commis-
sion has appropriated $184,000 for two
buildings and the Building Corporation
will borrow the remainder of the funds
needed for their financing. Rooms-only
facilities will be provided for the men,
so that residents can take outside meal
jobs. The women's dormitory will be
equipped for meal service.
Reed of GE Announces Gift Program
        It was fitting that the new, unusual "Corporate Alumnus"
      plan of the General Electric Company for providing financial
      aid to higher education was announced by Phillip D. Reed,
      chairman of the GE board.
        For Philip Reed, '21, has long provided strong indications
      of his own interest in that subject-and particularly in the
      affairs of his own alma mater, the University of Wisconsin.
      He is a veteran Founders Day speaker.
        The Corporate Alumnus plan provides for joint participa-
      tion in a giving program by individual employees who are
      college graduates and by the Educational and Charitable Fund
      of General Electric. Within the limits of the plan, "matching"
      money from the fund will be made in an amount equal to
      the individual gifts from GE employees to their colleges.
        Reed, who is also chairman of the fund's board of trustees,
      points out that General Electric has about 23,000 college grad-
      uates in its total work force, representing more than 540 U.S.
      colleges and universities. The contributions of any such grad-
      uate, up to $1,000 within the year, will be matched by con-
      tributions from the fund.
         The Corporate Alumnus program will be added to the
      over-all educational assistance plan of General Electric, which
      has consisted of gifts and endowments, grants-in-aid, equip-
      ment for instructional purposes, scholarships, fellowships and
      various kinds of cooperative undertakings.
Philip Reed

Go up to Top of Page