{"id":3962,"date":"2024-02-21T22:42:35","date_gmt":"2024-02-22T03:42:35","guid":{"rendered":"https:\/\/students.bowdoin.edu\/bsg\/?p=3962"},"modified":"2025-02-19T20:44:40","modified_gmt":"2025-02-20T01:44:40","slug":"2-21-bsg-assembly-notes","status":"publish","type":"post","link":"https:\/\/students.bowdoin.edu\/bsg\/meeting-minutes-fall-2023\/2-21-bsg-assembly-notes\/","title":{"rendered":"2\/21\/2024 General Assembly Notes"},"content":{"rendered":"<p><b>Attendance:<\/b><\/p>\n<p><span style=\"font-weight: 400\">Paul Wang<\/span><\/p>\n<p><span style=\"font-weight: 400\">Anyi Sun<\/span><\/p>\n<p><span style=\"font-weight: 400\">Brandon Lozano Garay<\/span><\/p>\n<p><span style=\"font-weight: 400\">Mundo Ortiz Alvarez<\/span><\/p>\n<p><span style=\"font-weight: 400\">John Donoghue<\/span><\/p>\n<p><span style=\"font-weight: 400\">Abigail Martin<\/span><\/p>\n<p><span style=\"font-weight: 400\">Alejandro Ramos<\/span><\/p>\n<p><span style=\"font-weight: 400\">Angelica Gordon<\/span><\/p>\n<p><span style=\"font-weight: 400\">Camila Eljuri<\/span><\/p>\n<p><span style=\"font-weight: 400\">Elliott Ewell<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cash Reynolds<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sadie New<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chase Lenk<\/span><\/p>\n<p><span style=\"font-weight: 400\">Zahren York<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ollie Tannahil<\/span><\/p>\n<p><span style=\"font-weight: 400\">Timmy Ignacio<\/span><\/p>\n<p><span style=\"font-weight: 400\">Liliana Restrepo<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Call to Order<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Matt Orlando (Senior Vice President for Finance and Administration)<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Matt Orlando is the Senior Vice President for Finance and Administration at Bowdoin\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">In his role, he oversees many aspects of the College, including the budget, billing, collection of tuition and fees, HR, facilities, dining, and security<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Matt gave an overview of the endowment at Bowdoin<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The goal of the endowment is to generate a steady, stable stream of support for current operations while preserving the purchasing power of the endowment to support future generations of students<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bowdoin\u2019s endowment is $2.4 billion. It has grown disproportionately to other revenue sources<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">46% of the endowment goes towards scholarships; 22% towards instruction; 18% towards general support; 6% towards libraries and museums; 8% to all other things<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bowdoin spends about 5% of its endowment a year<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Matt emphasized how the small residential college business model is expensive<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Q&amp;A<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Elliott:<\/span><span style=\"font-weight: 400\"> How does Bowdoin\u2019s $122,000 cost of attendance compare to other institutions?<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Matt:<\/span><span style=\"font-weight: 400\"> About 6 colleges, including Amherst and Williams, are above Bowdoin. We are comparable to Smith, and then other colleges, including Middlebury and Colby, are below.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Paul:<\/span><span style=\"font-weight: 400\"> Many students have frustrations about the College not spending more; what would you say to that?<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Matt:<\/span><span style=\"font-weight: 400\"> Peer institutions have struggled financially after spending ~6.5% rather than 5%. Don\u2019t want to follow that trend.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Mundo:<\/span><span style=\"font-weight: 400\"> What keeps you on your toes?<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Matt:<\/span><span style=\"font-weight: 400\"> Student safety. Hiring is also important to me; I want to put people in positions where they\u2019ll succeed.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b>Adjournment<\/b><\/p>\n<p><br style=\"font-weight: 400\" \/><br style=\"font-weight: 400\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attendance: Paul Wang Anyi Sun Brandon Lozano Garay Mundo Ortiz Alvarez John Donoghue Abigail Martin Alejandro Ramos Angelica Gordon Camila Eljuri Elliott Ewell Cash Reynolds Sadie New Chase Lenk Zahren York Ollie Tannahil Timmy Ignacio Liliana Restrepo &nbsp; Call to Order &nbsp; Matt Orlando (Senior Vice President for Finance and Administration) Matt Orlando is the [&hellip;]<\/p>\n","protected":false},"author":695,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3962","post","type-post","status-publish","format-standard","hentry","category-meeting-minutes-fall-2023"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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