Veritas, Vol. 27, No. 07, May 1987

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Recent commitments boost campaign’s total for endowment
Twenty seven months into the five year
Campaign for the University of Miami, $316 million of the $400 million goal has been raised. This includes commitments for 27 endowed chairs, bringing the total number of commitments for chairs to 44. The three most recent are the Leslie O. Barnes Chair in Transportation Management, the Lewis G. Weeks Chair in Geology, and a chair in Cuban studies at the Graduate School of International Studies (see accompanying stories).
“The establishment of these chairs is a strong reflection of the vitality of The Campaign for the University of Miami. It is evident that individuals, corporations, and foundations recognize the University as a great resource,”
Chair in transportation management endowed
Ryder system s former chairman, presi
dent and chief executive officer Leslie O. Barnes, and the Ryder System Charitable Foundation have committed $1 million to the University of Miami to establish the Leslie O. Barnes Chair in Transportation Management.
“We are extremely pleased to be honoring Leslie O. Barnes, one of the nation’s true business giants,” said President Edward T Foote. “He has been an innovator and a leader in transportation management, a field that is being enhanced through Ry der Sy stem’s generosity:'
Ry der Sy stem Charitable Foundation’s endowment of this chair is its second commitment to the UM; the first was for $1 million for a variety of University purposes.
According to Jack R Borsting, dean. School of Business Administration, “The establishment of the Leslie O.
Barnes Chair in Transportation Management promotes the efforts of the University of Miami School of Business Administration to maintain its leadership position in business education, and enables the School to place greater emphasis on transportation and management in its research and its programs. The location of sea, air and land transportation companies in Dade County makes it natural for the School of Business Administration to hav e transportation and management as one of its fields of studyf
M. Anthony Bums, chairman, president and chief executive officer of Ryder Sy-stem, said the new grant is the latest example of the company’s commitment to education in South Florida.
“We believ e that the future quality of life is directly tied to the quality" of education we provide today;” Burns said. “Programs like the Leslie O. Barnes Chair in Transportation Management will mean that our young people will be taught and prepared to tackle new- business challenges for decades to come.”
Barnes joined Ryder System as president and chief executive officer in August of 1975. after serving as presi-
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said James W. McLamore, chairman of the campaign and of the UM Board of Trustees.
“We are very pleased that we have received commitments for these chairs, and that they have come from the South Florida community,” said Rita Bomstein, vice president for development. “The local response to the campaign is remarkable.”
The commitment of the three chairs closely follows the Barnett Endowed Chair in Finance pledged by Barnett Banks of Florida, Inc., and the Barnett Bank of South Florida, N. A., for the School of Business Administration.
The campaign, one of the most ambitious ever in higher education, began in December 1984 with goals of
Trustee pledges gift to endow geology chair
A SI MILLION PLEDGE FROM UM TRUSTEE MARTA S. Weeks will establish the Lewis G. Weeks Chair in Geology- at the University" in memory- of her father-in-law.
Said President Edward T Foote, “Lewis G. Weeks was an outstanding geologist w-ho distinguished himself in science, scholarship, and public service. It is a special priv ilege for the University" to commemorate the life and work of such an eminent and interesting man."
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$150,000,000 for endowment, $125,000,000 for facilities and equipment, and $125,000,000 for annual operating support.
As of March 31, 1987, $124,626,026 has been pledged for endowment, $58,933,278 for facilities and equipment, and $132,401,571 for annual operating support.
While all three components of the campaign are vital, endowment has been considered a high priority. The endowment corpus of a university is its equity capital base and the primary source of its financial strength. Income earned through endowment investments helps to keep
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UM to have the first Cuban studies chair
A$1 MILLION PLEDGE HAS BEEN MADE TO THE
UM to establish an endowed chair in Cuban studies at the Graduate School of International Studies.
This is the first endowed chair in Cuban studies in the world. It is also the first chair at GSIS and is in recognition of the Cuban studies program’s mission to preserve and promote knowledge of Cuba’s history and culture.
The anonymous commitment will be used to attract, on a visiting basis, prominent scholars in the field of Cuban history, society and culture.
“The University of Miami is especially qualified to study Latin America and the Caribbean,” said President Edward T Foote. “We are delighted to have this splendid gift.” Ambler Moss, GSIS dean, said that the chair will serve as the centerpiece of the Cuban studies program. “Our Cuban studies program has long been one of the strongest elements of the School. This endowment consolidates that accomplishment and further assures our future growth,” said Moss.
Jaime Suchlicki, director of the Cuban studies program and the GSIS Institute of Interamerican Studies, said that Miami is an ideal home for the first endow ed chair in Cuban studies.
“This generous gift will establish the Cuban studies program as the principal resource center for research on Cuba. This endowment, as well as the other resources of the University and the greater Miami area, will make this campus a unique place to study- Cuba.” he said.
The University has traditionally- had a commitment to international studies. The Graduate School of International Studies coordinates the University’s research and teaching in the international area.
Suchlicki established the Cuban studies program four years ago, and under his direction, the program has received national prominence through ongoing publications. seminars and lectures.
The program's Cuban Information Sy-stem houses the Radio Marti Data Base Program, and the Richter library-has the nation’s largest collection cff materials on Cuba and the Cuban-American experience in the U.S.