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Newsletter
21 March 2006

 
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News from the Yale family in Germany

News from and about Yale

 

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BacchusReminder: monthly get-together
in Frankfurt this Friday night

Just a reminder that the Yale Club’s next 4th-Friday-of-the-month Stammtisch in Frankfurt will be at 7:30 p.m. this Friday, March 24, at our usual location: the wine pub Fidelio Weinkeller (Bockenheimer Landstraße 1-3, tel. 069 725758, which is a short walk from the S-Bahn’s Taunusanlage station (one stop from Frankfurt Hauptbanhof) or the U-Bahn’s Alte Oper station (on the U6 and U7 lines). If you’re coming by car, Fidelio is diagonally southwest across the intersection from the Alte Oper, and there are several underground parking garages in the neighborhood.

As always, no sign-up is necessary. Just come for a relaxing hour or two with Yale friends new and old, and have a bite to eat if you’re hungry. Questions? Call Bob Bonds (Yale College ’71) at 0170 9720168, or send him an e-mail.

 

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Open house at the home of Yale Club President David Ilten, and you’re invited

DavidOur fearless leader, David Ilten (Yale College ’60), is inviting all of us to an open house he will be hosting at his residence in Frankfurt on Friday evening, March 31, for all members of the Yale family in Germany. Whether you live in the Frankfurt area or are just passing through, he hopes you can come!

 

Date:

Friday 31 March 2006

 

Time:

From 7:30 p.m. onwards

 

Address:

Schifferstrasse 22, 60594 Frankfurt, tel. 069 622680
(click here for a downloadable PDF sheet showing the location)

One straightforward way to get to David’s place is to take the U-Bahn or S-Bahn to Frankfurt Süd station, then walk three long blocks north on Brückenstrasse until it crosses Schifferstrasse, then turn right; walk past the Schiffer Café (at No. 36, on your left), and you’ll find No. 22 on the left down in the next block.

 

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Next get-together in Hamburg
scheduled for Thursday 13 April

Kemp's English PubNow that spring is in our minds — if not exactly visible outside — you are all cordially invited to a Yale Club night of British humor and ale at Kemp’s English Pub, Mittelweg 27, 20148 Hamburg (tel. 040 444512) from 7 p.m. to about 9 p.m. on Thursday 13 April. Kemp’s has pub food, too, if you come hungry that night! Come and meet some new friends and greet some old ones too.

Because this very popular pub is small, we do need to reserve a table ahead of time — so if you’re planning to join us, please RSVP no later than April 7 by e-mail to Rita Pearson-Schwandt (Yale College ’88).

 

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Upcoming events: save the date

Save the dateDetails will follow in due course, but meanwhile please do save the date:

  • Tuesday 23 May — An organ and handbell recital at 7 p.m. in the Evangelischen Kirche in Wildsachsen (just west of Frankfurt), followed by a reception for all Yale Club of Germany members at the nearby home of Maria Sudeck, widow of Ulf Sudeck (Yale College ’55), one of our past presidents and a founder of the Yale Club of Germany.

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Artistic Yalie who’s moving to Berlin
this summer seeks ideas, contacts

From Leslie Kuo's portfolioLeslie Kuo (Yale College ’03, Jonathan Edwards) writes to all of us:

“Greetings from New Haven! I am an artist and a Yale alum still living in the fair Elm City. I will move to Berlin in July and hope to find work in graphic design, photography, or the art world, and also to make and exhibit photographs.” (Editor’s note: that’s one of Leslie’s photos at right.)

“I have high hopes that my fellow alumni will have interesting information about living and working in Berlin, especially in the art and design. My two loves are photography and graphic design, both of which I discovered at Yale, where I learned to print in the Jonathan Edwards letterpress, took my first photography class, and designed piles of posters and publications for the organizations in which I took part, from the Yale Sailing Team to WYBC Radio. For 3 years since graduating, I have worked as the Head Designer of Artspace, an award-winning nonprofit art center that combines cutting-edge art with community programs. Meanwhile, I am also an active artist, exhibiting my photographs in Connecticut and New York.

“When visiting Berlin last summer, I was impressed by the vibrant artist community and excellent graphic design. I began planning a move for 2006 by reading about the history of design in Germany (the birthplace of the printing press) and auditing German language courses at Yale. Now I am ready to make the big move.

“If anyone would be willing to share ideas about possible jobs and/or artistic opportunities (such as places to exhibit, photo labs, and communities for artists), I would much appreciate it. Any other suggestions or thoughts about life in Berlin would be tremendously helpful as well. Thank you so much!”

If you have any ideas for Leslie, please send her an e-mail. You can also view her portfolio and resume on her website.

 

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Yale senior seeks housing near
Frankfurt for three months this summer

Mario Conde (Yale College ’06, Davenport), a senior from Brazil who will be graduating in May, will be spending three months interning with the pharmaceutical company Sanofi-Aventis in Frankfurt/Höchst this summer. Mario, who speaks German, is looking for a place to stay (or suggestions on possible places to stay) during the period between June 1 and August 20 — a rented room, a sublet, a WG (shared apartment) or something like that, with an ideal budget of perhaps around €350 per month. The housing flyer he’s distributing reads:

“Student von Yale Universität sucht ein Platz in einer WG im Sommer vom 1. Juni bis zum 20. August. Freundlich und offen. Mache ein Praktikum bei Höchst AG. Spreche Englisch, Spanisch, Portugiesisch und ziemlich gut Deutsch. Bitte kontaktieren Sie mario.conde@yale.edu.”

As the flyer says, if you have any leads or ideas for Mario, please e-mail him directly as soon as possible. He’ll appreciate it!

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Yale releases 2005 report on endowment

Every five years, Yale releases an extensive report on its endowment — not just on its performance, but on the role it plays in the University’s growth and the philosophy behind its investments. The report for 2005 was recently released, and its 40-plus pages make for very interesting reading, even for those who are not particularly interested in finance. In the past 20 years alone, the percentage of Yale’s annual budget funded by interest earned from the endowment has grown from 10% to 33%.

Indeed, the endowment has done so well in recent years that commentaries and letters to the editor from Yale alumni have appeared in the New York Times, the Yale Alumni Magazine, and other publications — some of them tongue-in-cheek, others more serious — wondering if gifts to the university are still needed. Perhaps with those wonderings in mind, “The Yale Endowment 2005” devotes a small but fascinating section to showing in detailed fashion why they are. (Text continued below.)

Gifts prove crucial to endowment growth

“Examining the experience of Harvard, Yale, and the Carnegie Institution over the past 95 years provides insight into the importance of gifts,” the report says. “The Carnegie Institution of Washington, one of Andrew Carnegie’s many philanthropies, pursues cutting-edge scientific research in astronomy, plant biology, embryology, global ecology, terrestrial magnetism, and earth sciences. Establishing the institution in 1902 with a $10 million gift, Carnegie made subsequent gifts to bring the 1910 endowment to $22 million, nearly equal to Harvard’s 1910 fund balance of $23 million and vastly exceeding Yale’s $12 million.

“Over the course of the past 95 years, the Carnegie Institution endowment more than kept pace with inflation, with June 30, 2005 assets of $650 million comfortably ahead of the approximately $450 million needed to match the rise in price levels. But the formerly comparable Harvard endowment, now at $25.9 billion, and the previously smaller Yale endowment, currently at $15.2 billion, dwarf the Carnegie fund.

“Because the three institutions followed roughly comparable investment and spending policies, the absence of continuing gift inflows constitutes the single most important reason for Carnegie’s failure to keep pace. The result is that Carnegie’s endowment, once one of the largest in the country, now ranks far lower.

“A more precise understanding of the importance of gifts comes from a look at Yale’s post-1950 experience, covering the period for which the University has high-quality financial data. Without the benefit of Endowment gifts to Yale in the last 55 years, the 1950 Endowment of $132 million would have grown to about $3.7 billion by 2005 rather than $15.2 billion. The difference — a staggering $11.5 billion — comes from gifts and investment performance on those gifts. Yale’s current academic distinction would be unthinkable without these financial contributions.”

The full report may be downloaded in PDF form from the Yale University Investment Office’s website.

 

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Europe losing ground to US and Asia
in higher education, says new report

OECD reportA new study warns that Europe is quickly losing ground to the United States and Asia in several key higher-education indicators, including the quality and quantity of the university graduates it produces, reports The Chronicle of Higher Education. While the report does not mention Yale or any other U.S. university by name, it will be of interest to many of us who take an interest in the increasingly global nature of higher education.

The report, entitled The Economics of Knowledge: Why Education Is Key for Europe’s Success, was commissioned by the Lisbon Council, a Brussels-based think tank that was established to help achieve the target set by European Union leaders at a 2000 summit in Lisbon, where they pledged to make Europe “the most competitive and dynamic knowledge-based economy in the world” by 2010. The report was authored by Andreas Schleicher, an education expert at the Organization for Economic Cooperation and Development (OECD).

In a statement accompanying the release of the report, Ann Mettler, executive director of the Lisbon Council, said, “Europe must be suffering from a collective delusion if we really believe we are building a ’dynamic knowledge-based economy’ by blatantly underinvesting in education and skills.”

Per student, the United States outspends Europe on higher education by more than 50%, according to the report, which notes that “much of that difference is due to larger U.S. contributions from tuition-paying students and the private sector.”

The report evaluates different models pursued by different countries and regions in funding higher education, and concludes that the least viable model is the one that still prevails in much of Western Europe, especially in France and Germany. “A significant share of Europe declares higher education to be important, but hasn’t allowed institutions to charge fees, and these are the countries in difficulty,” Schleicher says.

The full report may be downloaded from the OECD website.

 

 

Yale Club of Germany

President
David Ilten (Yale College ’60)
Tel. 069 622680 (Frankfurt)
dfi@aya.yale.edu

Treasurer/Alumni Schools Committee
David MacBryde (Yale College ’64)
Tel. 030 8229625 (Berlin)
david.macbryde.bk.64@aya.yale.edu

Secretary
Laura Sprague Sudhaus
(Yale College ’88)
Tel. 06198 501700 (Eppstein)
laura_sudhaus@hotmail.com

Newsletter/Mailing List
Bob Bonds (Yale College ’71)
Tel. 06122 95590 (Wiesbaden)
rmb@sellersmedia.de

Membership: If you are an alumnus of any Yale school or a friend of Yale, you are automatically considered a member of the Yale Club of Germany. Welcome!

Mailing list: To add your name to the Yale Club’s mailing list, to change your address, or to notify the Club that you’re leaving Germany and should be removed from the list, please click here to let Laura and Bob know. You can also ask them who else is in your area, since they try to keep track of Yalies throughout Germany.

Interviews: The Yale Club is always looking for alumni to interview local high-school students who are applying to Yale College. If you would like to help out or learn more, please click here to e-mail our ASC director, David MacBryde.

Yale Book Award: If you interested in presenting the Yale Book Award at a high school in your area, click here to let David Ilten know.

Contributions: The Club does not assess dues, but asks its members to make an modest annual contribution (€20 suggested, but any amount is welcome) to help fund Club activities such as the Yale Book Award. To contribute, please arrange a bank transfer (Überweisung) to the Yale Club’s account. (For those of you new to Germany, this is the standard method for making payments here — as common in Germany as writing a check in the U.S.) Account details:

 

Bank (Kreditinstitut des Begünstigten):

Degussa Bank, Frankfurt

 

Bank Number (Bankleitzahl, or BLZ):

50010700

 

Payee (Begünstigten):

Yale Club e.V.

 

Payee’s Account Number
(Konto-Nr. des Begünstigten):

22 1278

If you have questions or need a receipt for the Finanzamt, please contact our Treasurer, David MacBryde (contact details above).

 

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