iron warrior: volume 11, issue 1

8/14/2019 Iron Warrior: Volume 11, Issue 1

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~ ~ R O~ ~ anuary 19, 1990Waterloo Pays Tribute

by Elliott Simcoe3B ElectricalAs individuals they were shocked,but as students they mourned.The massacre of 14 female engineers inMonLreal on December 6, \ 1989 evokedmany reactions by Waterloo engineers.Over 800 students, staff and facultymet on December 13 at Federation Hall to

mourn the slain students and to hear thewords of representatives from across thecampus about the tragedy.When a human tragedy of suchalarming proporlions touches one soclose, it is difficult to even sort out one'sown thoughts let alone find words to say.said John Vellinga , Past PresidentEngineering Society B.Many fell that the most moving specchwas given by Andrea (AJ) Baxter, VicePresident of Engineering Society B. Themedia exposure that has surrounded themassacre has been overwhelming .. Itbecomes difficult to really understandwhat we feel. Through it all, we mustnever lose sight of the real issue, 14humans were murdered, in our back yard.In another trib ute l the murdered' ' ' ' ' ' I ' t female engineers from acrossCanada were asked to wear while scarves.So that lhey would not be left out of thistribute, male engineers were asked to wearwhite arm bands.A lener of condolence is being passedamong all engineering students at theUniversity of Waterloo. This letter, to besigned by every engineering student inCanada, is to be presented to thedelegation ofEcole Polytechnique studentsat the Congress of Canadian EngineeringStudents conference in Kingston.

Waterloo Mourns Slain Students at Fed Hall ourtesy of WRecordThe most lasting tribute to themurdered students is likely to be thecreation of The Canadian WomenEngineering Students Memorial Fund

whose primary goal is to encourageCanadian women to pursue engineering asa profession. Corporations such asNorthern Telecom, Bell Canada andMolson, who wished to make a tangiblegesture to commemorate the fives of thevictims have already donated to the fund.The Waterloo Engineering Society isexpected to donate $500 to this fund.

Studentsby Avi Belinsky4B Electrical

toThe Engineering Societies A &B haveput forward a bold new proposal toimprove the quality of undergraduateengineering education at Waterloo. OnTuesday, February 6, students will beasked in a referendum to place a refundable$75 fee on the university fee statemenL

nsideNSERC Awards For First Year Women ........................ page 3Memorial Committee Needs Ideas ........... ............ ........ page 3The Great Concrete Toboggan ................................... page 4CHAOS - Making A New Science ............................. page 5The Waterloo Engineering Endowment.. ...................... page 6Prof's Question .................................................. . page 10Engineering Quiz................................................. page 11

Vote on Voluntary 75 FeeAll money collected from thisrefundable fee is to be placed in a long

term Lrust fund called the WaterlooEngineering Endowment. The fundaddresses the issue of critical underfundingthat is rapidly eroding the quality of ourengineering education by increasing themoney available to improve laboratoryequipment and other teaching facilities.This cooperative effort seeks to raisefunds for the student controlled endowmentfrom students, alumni, and industry.Waterloo is in the enviable position ofbeing the best engineering school inCanada. To maintain that quality meansspending money to remain on the leadingedge of technology. In recent years, themoney has not been there to do this.Ontario is currently second to last infunding post-secondary education inCanada. The Ontario government's recentannouncements show that in 1990Waterloo can expect an increase in basefunding of approximately 2.5%, far belowthe rate of inflation. Governmentcontrolled tuition rates have fallen 30% inconstant dollar terms since 1972.Students at Waterloo are not the onlyones to see the erosion of funding. Arecent report from the CanadianEngineering Accreditation Board cited aconcern over the lack of base funding forequipment at Waterloo. With warningsigns like these, we must act now to fixthe problem before t becomes worse. Anew source of funding is required, one that

will provide a long term solution.The Waterloo Engineering Endowmentwill be a student run and conLrolled lIlustfund where all the money donated beput into secure interest bearinginvestments. The capital will never betouched, but each year the interest willibeused to improve undergraduate engineeringeducation. The money will be solicitedfrom the three groups who benefit themost from a high quality engineeringeducation and a reputable degree:undergraduate students, alumni, andemployers.

Recent Alumni will help via thePlummer's Pledge. The Plummer's pledgeis a program started last year by theGraduating Committee where graduatingstudents are asked to pledge money to theengineering faculty for the first three ye rsfollowing their graduation.The Employer Matching Contribution(EMC) program will ask all employers ofWaterloo coops and graduates to matchthe donations of their employees.Through the donations of these threegroups, the Waterloo EngineeringEndowment plans to raise at least $6.5million in 10 years, generatingapproximately four times the currentequipment budget in interest payments.More information about the WaterlooEngineering Endowment or the VoluntaryStudent Contribution is available from theEngineering Society in CPH 1327 or bycalling 888-4762. ~ ~ ~ ~ ~


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Page 2 ron WarriorThis ISI have spent the better part of this weekexplaining, almost apologizing for mydecision to actively cover the eventssurrounding the Montreal Massacre forthis issue of the Iron Warrior.Most felt that it was yesterday's news.Others fell that it has already been given

too much coverage in the media comparedto the other tragedies befalling the world.Why add to an already oversaturatedexposure?WeIl, I am not going to apologize.Like it or not this event is news to theengineering students of the University ofWaterloo. The killing of 14 femaleengineering students deeply affected me,and I believe that it affected most of you.What I do apologize for is not being asshocked by the other disasters of thisworld. I apologize for easily forgettingthe famine victims of Ethiopia, theearthquake victims of Azerbazian and SanFrancisco, and the slain studentrevolutionaries of China and Romania.

not anWhat separates those tragedies fromthis one is that it happened to people justlike me. And like you.As you have probably noticed by now,the Iron Warrior has taken on a fairlyserious tone compared to previous issues.

Well, this is because we had to report ontwo serious stories: The VoluntaryStudent Contribution (VSC) and theMontreal Massacre. It's also because nolight articles were submitted this weekPublishing funny material that is ingood taste is not an easy task. But wewelcome anyone to try.We meet Mondays at 12:30 in theOrifice. Come join us.

bolish.FeminismEquality of the sexes. What a conceptMales and females are physically,biologically, and psychologically different,each having abilities and attributes that theother lacks. (Allow me to write in broadgeneralities. I do realize that there are amyriad of exceptions to every case.)These differences should be recognized andused to their best advantage.The only place where the term equalitymeans anything to me is in reference to

opportunities. Business opportunities,education opportunities , social events,wiJatevcr; want to be able 10 have thesame chances of getting what I want asanyone else. Success or failure dependssolely on myself, but the chance 0 fachieving that success must be inviolable.Watching the coverage of the killingsin Montreal, one could not help but noticethe focus of the stories. MAN kills

The Iron Warrior u forum forthought-provokinS and informative artielpresented by the academic commWlity ofthe University of Waterloo. Viewsexpressed in the Iron )VOUior, other thutthe editorials. are Ihose of the authon anddo not nocessuily renect the opinions ofthe editon or the Engineering Society.The -Iron Warrior encourage,submissions from students, faculty andother members of the universitycommunity. Submiuions should reflect theconcerns and intelleaual standards of theunivenity in general. and should betypewritten or neatly written, doublespaced and on one side of the pago only.The authors name, class (if applicable andphone nwnber should be included.

fourteen WOMEN MAN is PRODUCTOF SOCIETY It is frustrating to sec thatthe issue of sexism overshadowed the factof fifteen dead humans; but then, peopledie all the time and that all elusi veadvertising dollar docs not go to stationswith no viewers. All those wars in othercountries have the monopoly on sheernumbers of dead people anyway. We'vegot 10 have an angle, right?Fringe benefits and special prizes forwomen in engineering: deep down, in mygut, [am against them . t seems silly and

a little degrading to have enticementsoffered to women like bits of sugar formice. Has it ever occurred to anyone thatthe low enrollment of females in the twodisciplines may just be due to a simplelack of interest? Perhaps our craniums aretoo narrow (Can I be on the GeraldoRivera Show now?) or we produce asmaller amount of the 5CFY hormone(When in doubt, blame it on some varietyof gland.) These "just for the ladies"awards further perpetuates the segregationof the two sexes.

All submissions, unless otherwiseltated, become the property of the l.r.wlWmior. which reserves the riabt to refusepublication of material which it deemsunsuitable. The Irgn )Vmjor also reserversthe right to edit grammar, spelling andportions of lext thal do not meet universitystandards. Authors will be notifHld of anymajor changes that may be required.

All submissions and advertisingenquiries should be forwarded to:Inm WmiorBngineerina SocietyCPH 1327University of WaterlooWATERU>O, Ontario(519) 888-4762

pology

Feminism is an out-dated, oldfashioned idea.The principle of' innocent unLiI provenguilty' does not apply. The rewardsshould not be handed out until one hasproven oneself competent. Femaleengineers should compete in the samecoliseum as their male counter-parts withno distinctions. f they make it. it is dueto their hard work and intelligence, not tothe policy that the company must have atleast 15 women in their work force.Recall the awful period in the late1970's and early 1980's (maybe earlier toobut I was too young to care) whenfeminists were roaring and everyone wentaround saying "he/she" and "him/her", anddebating heatedly about the gender ofGod. All I shall say is that God isdefinately not an animal. (The fifthadmendment as to my sources. Morecontroversial stuff about religion nextissue.)

January 19, 1990

nimalso the rc

EditorsElliott SimcoeAlice Zee

WritersJeffrey BaldwinAvi BelinskyEdmond ChowGiselle CottaDark DyslexicPaul FieguthRobert GrahamAndrew Reeves HallTodd SpringerJohn Wynen

Pboto2raphyDave ChenAndrew Reeves-Hall

CalendarCindy Warwick

ArtistBill Kowalchyk

Adyertisin2Chris FleckMatt Manuel

Amazin2 Layout StaffAngie ChanGiselle CottaDark DyslexicCarolyn FrenchRobert GrahamGayle HarrisonJohn . KingdonLaurie LitwackMatt ManuelLisa ThompsonCindy WarwickLynda WilsonRosa WongJohn Wynen

Layout Ama7A>OLindi Wahl

DistributionToast


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. ~ . . .

January 19, 1990 Iron Warrior Page 3

First Year WomenOffered NSERCAwardsMemorial CommitteeNeeds Ideas

by Robert Graham2A MechanicalThe Natural Sciences and Engineering

Council of Canada CNSERC) hasestablished a new award for first yearwomen in engineering and the naturalsciences intending to go on to graduateschool.This award is parl of a nation-wideprogram to encourage women to enter, andto pursue careers in engineering. TheCanadian Council of ProfessionalEngineers (CCPE) indicates that onlythree percent of Canadian ProfessionalEngineers are female. Statistics Canadafigures from 1986 show lhal only 2percent of engineering students in thecountry are women. These figures showthat efforts to increase the number ofwomen in engineering have failed.

In the University of Waterloo GraduateProgram, 79 of the 564 students arewomen. Of the 675 first year students, 91(13%) are female. Thesc figures arc onlyslightly higher than the national average.UW has been allocated seven of theseNSERC awards, each worth 800 permonth for period of three of fourmonths. This award must be appliedtowards tuition fees, and is non-renewable."The new award is being targeted atfirst year women", says Lynn Judge of theGraduate Office, "because by third orfourth year many would have already madeup their minds about graduate school."Dr. H.F. Sullivan, Chairman of theDepartment of Mechanical Engineeringpoints out that graduate school is "a careerpath they (first year students) might nothave thought about," and that the newNSERC award is a means of influencingpeople early in their careers.

by Jackie Morgan38 MechanicalThe Canadian Women EngineeringStudents Memorial Fund Commiucc needsyour help to edueate all young Canadians

about engineering and to encouragewomen to pursue engineering as a career.The fund is a reality. Through initial

donations made by large Canadiancompanies, the fund will add new energyand new resources to several initiativesthat have taken place in recent years to

The president of the CCPE, KennethWilliams, sums up the goal of theorganization as "We must find the bestpossible approaches to assure that youngCanadian women occupy the place theydeserve in what can be one of the mostexciting professions."

Students Remembered atFed Hall Memorial ServiceThe following are excerpts fromspeeches made at the Montreal MassacreMemorial Service held at Fed Hall,

December 13, 1989.It is time that all men and women

refuse to accept discrimination andantiquated ideas. a time for all men andwomen to sland up and proudly say I am afeminist. I am not a racist. 1believe in theequality of all men and women regardlessof sex. race. religion or idealism.II is time to purge the cancerous hatredand prejudices which led to the tragic eventat Poly technique. and the regrettablemisunderstandingswhich followed.If we inch closer 10 these idealisticgoals as a result of the disaster. atPoly technique, then all of the blood mightnot have been shed entirely in vain.For the sake of those who died. in theirmemory and in their honour. let us live inpeace and deal with our problems LOgetherwith wisdom. love and understanding.

The 14 and I had much in common.They were young and I am young. Theywere engineering students and I am anengineering studenl. They were womenand I am a woman. Tragically it is forthat final point that they are dead. Killedin cold blood by an insane person whohated women. hated enough 10 end lives.It is for this that men and women acrossCanada are in mourning.

I am saddened when I hear of menbeing banned from mourning ceremoniesin some towns. I am upset when I hearthat men afe prevented from speaking atvigils. Men I beg of you not 10 judge thefeminist movement by these actions of thevocal few. I do not judge all men by theactions of Marc Lepine. Those womenhad brothers,fathers and husbands. just asthey had mothers and sisters. We shouldshare in our grief together.1 would now like 10 define feminism .

equal opportunity at employment. inschool or whatever. 1 want to be sure ofthe fact that I was interviewed for a johbecause of my qualifications. I want o beproud that I received employmenl based onthe fact that 1 was the best candidate forthe job.

I want to know Ihat when I walk aloneat night I am in no grelller danger than aman walking alone. I don t wanl to tohave to thread my keys through myfingers and constanlly check. over myshoulder in underground parking lots. Iwant respect from men. and I am willing,more than willing. to return it.

Today I grieve for the families wholost Iheir bright young women. / amfilled with sympathy and pity for thosethat witnessed the carnage and muSI carrythose images for the rest of their lives.But I am devastated by the fact thai 14young human beings lost their lives in aplace that holds only dreamsfor tiJefulUre .-Andrea CAJ) Baxter. Vicc-Pres identEngineering Socicty B.

promote engineering among women.Though Canadian universities havelaunched many recruiting efforts in the lastdecade aimed at attracting women toengineering. they have not always beensuccessful.

The commiuee would like to hear fromludetlts who have innovative ways ofusing the funds or who can offer insighton why past allempLS have failed.Any student wishing to contact thecommillee on this subject can write: J.Morgan. ESSCO Representative. EngSocOffice, CPH 1327.

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Page 4 ron Warrior January 19, 1990

From the Desk of The Presidentby Jay Gibson4B Comp Eng"You are all a bunch of feminists ""Shoot the bitch "

The first quote is all LOO familiar:the ranting of Marc Lepine as he stalkedand killed 14 women at I'EcolePolytechnique in December. Many finewords have been spoken about this ' sadincident, so I shall only add how painfulsomething like this is when it is so closeto home .

The second quote is equally close tohome and just as sad. These words werechanted by University of Alberta engineersat Engineering Week skit night. Thechant was directed at a female engineeringstudent in the performance as she went onstage. Apparenlly the woman, CelesteBrosseau, had been very vocal about herdistaste of her fellow engineers' antifemale activities.As a result of the chants andprevious printed sexist material,University of Alberta's engineering paper,the Bridge, has been shut down and a taskforce has been set up to 'look into thematter'. Now, I sense that the matterhas been blown up by the media and Igenerally disli ke 'task forces', I dohowever think the Alberta engineersdeserve a\1 the backlash they are get ting,not just because they were sexist orinsulting but also because they werestupid; their timing could not have beenworse.

The University of Alberta engineersdid not take any lives; the story will notmake the cover of Macleans. I feelhowever that their actions are not toodifferent from Marc Lapine's. In someways, it is possible to find pity for Mr.Lapine; he was an unbalanced mindtwisted by a society full of sexism andviolence. The Alberta engi neers arcsupposed to be highly educated people,trained to be rational, as arc we. The sadtruth is that even a good education cannotopen a narrow mind.Arc we any different from our peersout West? Arc we in any position topac;s judgement on them?

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The Great ConcreteToboggan

by The Concrete TobogganTeam, 4B CivilWinter is here, and the 4B Civilengineers arc busy making toboggans forthe Great Concrete Toboggan Race.This year, the event is being held at theCalgary Olympic Park (no, not the skijump ) over the weekend of February 16th.

Waterloo will be sending out twotoboggans, each with a crew of eight ornine people.The aim of the race is to design atoboggan that goes down the hill in theshortest time (without anyone falling off).Other points are awarded for the brakingsys tem design, the concrete mix,presentation and team spirit.One of the entries this year (by '5 NeatGuys') uses the same concrete form as lastyear's entry, but improves the concretemix by using fibre reinforcing and lightweight aggregate, and by making the slabcominuous (rather than sectional) to try toenhance the speed.The other toboggan design (calledFridgid I) combines surfboard technology

LOW OE /li s i celJc.SL AB

to try to improve the steerability, with asimilar mix of concrete for lightness.

Although last year's sheet-metalbraking system won the top prize forbrakes, th is year's brakes are a definiteimprovement. They arc made of stiffaluminum angle sections with nastylOOking teeth cut into the sides. Snowdisturbing devices to create maximumbraking potential in any type of snowconditions have been set into the brakes.

The major problem facing both teamsis funding. The amount of money thatneeds to be raised for both tcams is about10 000 . They have received quite a large

chunk from the Department of CivilEngineering (in the form of technical helpand materials) and a lot from the corporatesponsors, but they still need more. If youwould like to donate leave a message atthe Civil Engineering UndergraduateOffice in E2, or come out and support usat our many fund raising events.

Waterloo has come in second overallfor the last couple of years, but with yourhelp, this year we'll win it for sure

M ASS IV EA L UM N V Mg f{ A K I NG

/SYSTEMHUGe)

/.

MONNT\lt


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January 19, 1990 ron Warrior Page 5SCUDt Stuffby Psychosys2A Systems Design

Yes. Havenger Scunt for Winter 1990is fast approaching. The date of the eventis February 2nd, only two short weeksaway.Hopefully by now you have seen theadvertising or talked to your class repsabout entering a team in the event. Forthose of you who want to know or whoare hesitant about entering a team, here area few details to stir up your spirit ofadventure.The theme of this year's Scunt is The

History of the World. Come alongas we take you on a brief lOur through theages. We will start with Creation andthe Beginning or Time. Then youwill journey through the Greek andRoman periods of history where you willbe called upon to use boLh brain and brawnin various competitions. Embark onmysterious adventures and excitingcrusades as you travel through the darkages.

Join the Vikings as they eat, drink andbe merry on their way to discoveringNorth America.

Submerge yourself in culture as wecontinue through the great art andliterature of the Renaissance.Attempt to take over the world as wepass through period of the two WorldWars.Finally get a band together as we studythe history of modem music.Along the way there will be events,lists and trivia which touch on someimportant and some not so importantperiods of history. Many aspects of yourteam's character and ability will be tested .

There will be athletic and non-athleticcompetitions, trips to far away place,trivia to boggle the mind. There will beeating, drinking, comedy. drama, andadventure. You will be amazed.challcnged and humiliated, but most of allyou will all be treaLed to an evening ofgood fun.

w oSee your class reps for details, theywill be informed of requirements, hintsand entry fees. Costumes from all eraswill earn you points at the various events.And be prepared for some outdooractivities.Look for T-shirt's going on sale in the

CPH foyer. Get them soon, they're sureto sell quickly. .Lastly, be sure to get your teamtogether, deadline to enter is Friday,January 26th at 12:00 noon.

Born on the FourtHof July ain't noRisky Business

by Jeffrey Baldwin3B ElectricalOliver Stone's latest picture Born on

the Fourth or July is one seriousmovie.Tom Cruise is methodical in his

portrayal of Ron Kovic, a paralyzedVietnam war veteran forced to come toterms with the truth about his life and hiscountry. The movie makes a powerfulstatement about the effects Vietnam hadon the soldiers who fought there, and thebrutal truth which faced them when theyreturned to the United States.Cruise has come a long way since hisdays as a prancing teenager in Risky

Business. His portrayal of Kovic fromblindly patriotic adolescent to anti-wardemonstrator is breathtaking. This movieis a testimony to his desire to be takenseriously as an actor. and not as justanother prelly face who can dance 10 BobSeger's Old Time Rock and Roll.

What is lacking, though. is a clearerunderstanding of what .led Kovic to therealization that America's involvement inVietnam was wrong. It is dear whichevents shaped Kovic's early life so that hewent to Vietnam certain that what he wasdoing was right. Was it the USgovernment's almost criminal treatment ofits wounded veterans, or was it the look ofpi ty on friends' faces as they greet him forthe first time in his wheelchair? Or was it

watching the police clubbing peacefuldemonstralOrs as they protested the war?

The viewer is left with the uneasyfeeling that no single event changedKovic's mind about the war; if a man orwoman must go through all that he wentthrough to see the truth. then maybe wetoo can be led to believe the same lieswhich marked Kovic's childhood.

Cruise is better than good in thismovie. His performance alone makes thetrip worthwhile. Did someone say 'theenvelope, please?'

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CHAOS - Makinga New Science

James GleickPenguin Books 1987Review by Ajay .Jindal38 SystemsChaos - the very word conjures upimages of swirling gascs al ule lime of thecreation of the universe. a lawless societyafter armageddon or maybe just a messyroom.The chaos described in this book isnone of these. It is a new way of looking

at phenomenon that appear to behaverandomly but in actual fact. do follow adefinite mathematical model. It is allabout finding order in what appears to bechaos. In the words of DouglasHofstadfer, It turns out an eerie type ofchaos can lurk just behind a facade of order- a nd yet, deep inside the chaos lurks aneven eerier type of order.How many times have you analyzed amechanical system and ignored friction?How many times have you solved adifferential equation? How many timeshave you observed a gli tch on theoscilloscope and disregarded it? In the realworld, friction exists and evennegligable amounts can lead to drasticchanges in behaviour as time passes.

Most differential equations cannot besolved analytically and that glitch on thescope may have been a brief glimpse ofchaos. Glitches appear in many fieldsand the handful of people who begantaking an interest in these anomalies wereamong the pioneers of chaos theory.CHAOS is a chronology of the people,ideas and events that have molded chaostheory into what it is today. Overall, thisis a fascinating book. It is written morelike a history book than a textbook in thatit gives some personal information aboutthe scientists, their trials and tribulationsand what was going through their heads atthe critical points in their lives.

Of course, it also dcscribes \hcircontributions using fairly easy to readEnglish. Some of the concepts describedare quite abstract (like fractionaldimensions) and the passage may have tobe read over two or three times but Gleickhas done,a cOllllJ'lendubl' joh in ulIcmplingto c lIplain su ch things ill layman'slcrms. Luckily there arc no equations inthis book - most of the proofs arc doneusing analogies lind 'xamplcs .

There arc also lOIS of drawing andcolour picLUres to look at (among themore stunning ones arc a series of zoomin shots of a fracwl). All these thingswhich make the book interesting to readalso make it long - ubout 320 pages.

The curly chapters in the book give theimpression thaL these scientists belongedto somc underground religion; keepingtheir work LO thcmselves fearing ridiculefrom their colleagues and not knowingthat there were others out tllcre looking foranswers to the same fundamelltalquestions. Now chaos is out in the openand it is pUlling science through a newrenaissance period. (l'm sure Galilco couldrelate to these guys.)While people like Stephen Hawkingare searching for the Grand Un ificationTheory, chaos has already brought about aunification of science. Physics.chemistry. biology, medicine, sociology,economics, meteorology, mathematics andengineering all share a common interest inchaos and how they can model the systemsthey are concerned with more accuratelyusing jt.

Chaos is really neat and reading thisbook will give you a new perspective onthe nature of processes going on aroundyou. I f you thought the excitement wasgone from science. this book will changeyour mind. You'll never look at adripping faucet the same again.Other books of interest:Turbulent Mirrors by authorunknown.

The Fractal Geometry of Natureby Benoit Mcndelbrot.


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Page 6 Iron Warrior January 19, 1990

The Waterloo Engineering EndowmentLets all wake up and smell the

coffee.The underfunding crisis in engineeringis critical. The facts are staggering.Ontario has the second worst record in the

country for post secondary educationfunding. We have all seen how bad thelabs are getting, how crowded class roomsare and how the quality of our education iseroding rapidly. We can not rely on thegovernment to fix the situation, they're fartoo short sighted to realize that education,especially technical education holds thekey to Ontario's future wealth and wellbeing.

We are not so short sighted.Both Engineering Society A and Bhave embarked upon an initiative whichmay save the quality of our educations.With overwhelming support from alumni,the Dean, and the President of the

univeristy, our student society has plannedthe establishment of a permanentendowment to fund the undergraduateengineering programs at WaLerlooWhat is an Endowment ?An endowment consists of a portfolio

of investments. The principal of theinvestments is never touched, but isallowed to accumulate and grow year afLeryear. The interest from the investments ispumped into equipment and other areas ofconcern for undergraduate engineeringstudents.A Girt That Keeps On Giving.Because the principle of the endowmentis never touched, the endowment paysevery year, rain or shine, recession orboom. An endowment is an investmentin the future value of our own degrees.Princeton is Rich on itsEndowments.Princeton University has endowments

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)totalling over $2.8 BILLION The intereston these investments alone would be morethan double the entire annual UW budget.Prineeton is about the size of Laurier.

It is not surprising that such aseemingly small university is anythingbut small in stature and reputation. Theendowment fund was generated only fromvery large donations to the university,currently $25,000 or more. Any lesserdonations were used immediately. Thegenerosity of the alumni is staggering, butwhen one stops to think how much adegree from Princeton is worth, thegenerosity seems quite justified .Where Will Our Money ComeFrom?The money for the WaterlooEnginccring Endowment will come fromthe three biggest beneficiaries of a highquality enginccring education:Undergraduate studentsAlumniEmployers of graduates and co-opstudentsThe money will be generated from

iron warrior: volume 11, issue 1

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