[Congressional Record Volume 146, Number 10 (Tuesday, February 8, 2000)]
[Senate]
[Page S505]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 COMMENDING THE STUDENT INVESTMENT FUND

 Mr. MURKOWSKI. Mr. President, I rise today to commend the 
students of the University of Alaska-Fairbanks, School of Management, 
Student Investment Fund, who have invested an original stake of 
$100,000 into stocks and CDs and now have a portfolio valued at over 
half a million dollars.
  With the money earned while learning, the students participating in 
the Fund have donated $8,000 in scholarships to UAF students. They have 
created two scholarship funds, the Michael L. Rice Scholarship and the 
Vanna K. Husby Scholarship, which are awarded to students who are in 
the School of Management and are enrolled in the Student Investment 
Fund for the following academic year. They have also donated $4,000 to 
the UAF National Merit Scholarship to encourage talented students to 
attend the University of Alaska-Fairbanks.
  The class began in 1991, when then Chancellor O'Rourke transferred 
$100,000 of University endowment money into the Student Investment Fund 
at Dean Witter. The account has been wholly managed by the students 
since its inception. Only during the first year of the fund did it fall 
below a value of $100,000. It has grown every year since and has a 
return of 71 percent.
  This class and its philanthropy are wonderful examples of how higher 
education can benefit not only students, but the entire 
community.

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