Campus News

Budget Crunch Eases   The university has gone from a $40 million deficit to having a $14.5 million contingency fund, Provost Condoleezza Rice (left) has announced. Stanford's preliminary operating budget for 1996-97 contains about $1.4 billion in revenues and slightly less in expenditures. The next fiscal year will be the last in a three-year cost-cutting initiative to slash $18 million from the operating budget. Due to the unexpected revenues, the preliminary budget for the upcoming year calls for only $3.1 million in academic and administrative cuts, rather than the initial target of $7 million, Rice said. Despite these reductions, the university and its seven schools plan new research, teaching and construction programs. Rice attributed the improved budgetary situation in part to a “remarkable” increase in the endowment's market value and to successful fundraising efforts.

Two Centers Get Grants   A new Stanford Center for Adolescence has been established with a $1.2 million grant from the Carnegie Corporation. The center's faculty will study issues ranging from adolescents' language use to health risks, with the intention of making the findings public in order to influence policy on related issues. Chris Hayward, associate professor of psychiatry and behavioral sciences, will act as interim director of the center and Professor Emeritus Sanford M. Dornbusch will chair the center's advisory board. Meanwhile, the Institute for Research on Women and Gender has received a $100,000 grant to explore the establishment of a Center on Gender-Based Medical Research. The gift to the institute was made by Dr. Terry S. and F. Scott Gross. Iris F. Litt, M.D., the center's director, said that the grant represents “a major step toward bringing together researchers at Stanford and around the world to collaborate in order to expand the knowledge base about women and improve their health status.”

Previous | Next