The Des Moines Register from Des Moines, Iowa on August 25, 1975 · Page 7
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August 25, 1975

A Publisher Extra Newspaper

The Des Moines Register from Des Moines, Iowa · Page 7

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Des Moines, Iowa
Issue Date:
Monday, August 25, 1975
Page:
Page 7
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you s GdodTiews and a good report from Simpson. Companies issue annual reports to th% shareholders. At Simpson we have cpjnejtobdicve mat a college, too, should report to the public. After all, across the state of Iowa, and even beyond, mere arc thousands of persons who hold a "share" in Simpson. Students; Parents. Alumni. Educators. Philanthropic foundations and trusts. Private and corporate donors. And some who identify themselves simply as "a friend of the College." To all nnr frirnrU in tnwa and heynq j ( the first thing we yiymt say i«j t 'Thank you!" Thank you for your interest and good wishes, for your investment of time, taknt and treasure. Thank you for believing in Simpson and in its educational and societal goals. In addition to'our gratitude, we also owe you this report: Students. For the 1975-1976 school year, we expect a freshman class of 250 and 50 new transfer students. 75% of our students are lowans. More than 25% of the students receive Iowa TvutionJGrants. Total new student enrollment is expected to increase 15% above last year. Alumni. Simpson alumni number about twelve thousand, with 54% of them still living in Iowa. So many of the alumni regard this College as "my College" in a tangible way, that the Alumni Annual Fund for the past year received greater contributions than ever before. Further, many alumni are active "ambassadors" of the College, representing Simpson in their communities in a variety of ways. Faculty. A teaching staff of 64, half of them with earned doctoral degrees, will open the classroom doors on September 8. Each year, our faculty improves and develops I and we are convinced that this year it is our best ever. Gifts. Total giving to Simpson, during the fiscal year just ended, amounted to $1,250,032 of which $905,412 came from private sources. This is the largest amount of money ever received by the College in one year, and a 23.8% increase over the previous year. The richest gift of all was the total expression of generosity and confidence during a period of national economic decline. Commitment 125. The ten-year capital funds program launched last fall was responsible for much of the increase in cash giving described above. Total pledging to Commitment 125 during the past year has reached $1,547,714. Thus, it appears realistic that Commitment 125 will reach its goal of eleven million dollars, by^the^tinie^Simpson celebrates its 125th year in 1985. Building. Construction of a physical education and recreation center will be assured because of the gifts and pledges being received through Commitment 125. Architectural plans are now being completed and ground-breaking will take place soon. Good, modem facilities for athletics and physical recreation have long been needed and will make an important addition to Simpson's physical plant—as well as to its student programs. Endowment. Simpson's endowment presently exceeds $7,000,000 and is growing. This is the financial anchor which secures the future of the College. How secure is Simpson? Its endowment ranks fourth in Iowa, and in the top 20% of all colleges and private universities in the country. Among the 463 private coeducational colleges in the nation, only 78 have a larger endowment; and many of these are the older institutions of New England and the Eastern states. Operating Budget. A current budget of $3,958,710 has been adopted by the Board of Trustees for the next school year, of which 48% will be derived from student tuition and fees, 4% will come from scholarship funds and grants, and 29% from other gifts, grants and endowment. The remainder of Simpson's revenue will come from its auxiliary enterprises. This is the surface, the statistical review, the numerical accounting. It reflects the fact that Simpson is financially strong and blessed with a growing number of loyal friends and alumni. It says that more students are looking toward Simpson for their education. What the numbers do not tell is, why is Simpson growing stronger? What is it that makes a college get better from one year to the next? Why have so many, ^rom-the^young-high:5chooUgraduate_to_the_niature_corporate_officer, made their own expression of confidence? The real answer is that- gr«at, intangible breath of life that you somehow sense when you are actually--here at Simpson. - f Say, for example, you have just graduated from high school in Greenfield. You're making your college decision and you met the new professor in the Department of Economics and Business Administration. You decided then and there that this teacher was the kind you could really learn from. Or maybe you attended the Metro Summer Festival of Opera—one evening of exciting music and drama that left you thrilled, even though you've always told your friends that you don't understand opera, much less like it! For another person, it may have been that sultry summer morning at^he National Hot Air Balloon Championships. Mammoth balloons of .gaudy colored fabric, the whoosh of the propane gas igniting, and the tense talkativeness of the crowd., A day of pure fun you'll never forget. 7 Maybe you're.the young man who's not certain about his career decision, but you felt the vitality of the place and the warm friendliness of the people the week you stayed here in training for the Shrine All-Star game. Or perhaps you're the widow who lives with a memory of the evening in Indianola when you knew you were supposed to be studying that book of philosophy according to a fusty old Frenchman named Descartes. Instead, you sneaked off for a twilight walk with that nice, sandy-haired fellow who aspired to a law career. Today, it's nice to know that your grandchildren can have as good an education as you had, or maybe a better one, and at the same school. The intangible breath of life is aspiration for a better lite through education. A better tomorrow. A better world. Tlmt is what Simpson is. A special place to grow hope through knowledge. Simpson is growing, in Iowa. Like Iowa's tall corn, it takes planning and investment, money, hard work, foresight, and faith that the seed will grow. Iowa is a good place to grow. Thank you, Iowa. Indianola, Iowa More information about Simpson may be obtained by wntuig or telephoning the President of the College, Dr. Richard B. Lancaster

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