[CED/CD/EAT] Important Clarification

Thu Apr 2 17:21:07 MST 2020

CEDs,

I have an important clarification for you regarding pt. 2 in the body of VP Burgess' notes concerning "Endowment sweep" that I sent to you this afternoon:

It turns out this is not a bad deal at all.  Sweeping was a very bad term to use, a misnomer, so you can disregard any thought of that on this.

For some foundation accounts, they are accumulating the payouts.  If an account has more than two years accumulated payout, then they will take additional dividends and reinvest the funds in the corpus account.

So if someone is not using the payout funding they are not losing anything.  In fact, they will likely gain from the deal since they will now be buying low on the market and gain the profits later on.

So I send to you all as an FYI.  It is definitely not worth sending that original message out with words like "sweep" and starting a totally unnecessary panic, we have enough of that already.  Just like none of us want to cry out "fire" in a theater.

Thanks,

Jeff

Jeffrey C. Silvertooth, Ph.D.
Associate Dean
Director of Extension and Economic Development
Division of Agriculture, Life, & Veterinary Sciences, and Cooperative Extension
Forbes 301
University of Arizona
Tucson, Arizona          85721-0036
520-621-7205

From: Silvertooth, Jeffrey C - (silverto)
Sent: Thursday, April 2, 2020 3:07 PM
To: EAT <eat at cals.arizona.edu>; ced at list.cals.arizona.edu
Subject: FW: Wednesday 4/1 pm COV-19 president, provost and deans. Jim D note especially

FYI....

Jeffrey C. Silvertooth, Ph.D.
Associate Dean
Director of Extension and Economic Development
Division of Agriculture, Life, & Veterinary Sciences, and Cooperative Extension
Forbes 301
University of Arizona
Tucson, Arizona          85721-0036
520-621-7205

From: Burgess, Shane C - (shaneburgess) <sburgess at cals.arizona.edu<mailto:sburgess at cals.arizona.edu>>
Sent: Thursday, April 2, 2020 3:00 PM
Subject: Wednesday 4/1 pm COV-19 president, provost and deans. Jim D note especially

Quotes in italics

President Robbins. Discussion of HBO TV show about basketball y'day at 6pm. Told deans that ABOR would have concerns.

Provost:

1.                  No increase in UA positive people, 10 positive people in Banner.

2.                  Endowment sweep ($12.3M): JP Roczniak offered to develop waiver process but says "$26.6M in colleges' endowment accounts". Provost wants this spent before waiving  sweep on any of the $12.3M-she will send a list of funds by college. If these are restricted then we should ask donors to ask for a change -JPR told the provost that this is  a "great time to ask". He also told her that if a donor has passed away then the UAF Board can change the restrictions (SB: I have no idea what happens if there are living relatives).

3.                  Faculty startup funds: consistent with faculty P C/T clock-stop provost will extend startup funding that is coming from provost office. No answer from VPRII about this (SB: which is most, possibly all, of ours).

4.                  TA hires: provost said that she doesn't want to see TA hiring requests to approve. Equally the deans are to ensure that unit heads are not over extending themselves on hiring TAs, especially as fall classes will be smaller (SB: we don't have an issue here and this is signaling that "you won't be bailed out, and the provost will 'hold the line' as she says when deficit budgeting and/or deficit spending)

Kasey Urquidez UA recruitment: trying to be more responsive to the colleges.

Brent White: International Grad Students-State Dept. has stopped all visa processing. Keep matriculating Grad students and they can start with on-line courses and then get their visas and then get here in person.

Regards
Shane

Make our long haul shorter: keep healthy and keep people working-- lead by example to suppress SARS-CoV-2 transmission.

To decrease cortisol's insidious health affects and avoid burn out, I'm back to regular email practices. Please use URGENT in the subject line of emails to me only if they actually are; when sending URGENT emails outside of our "normal hours" please text me to look at my email. Individual personnel SARS-CoV-2 INFECTION or overt COVID-19 is an IMMEDIATE PERSONNEL WELLBEING issue and must be marked URGENT, just like any other individual personnel wellbeing issues should continue to be.
Please use "Time sensitive" in the subject line of emails when appropriate but DO NOT text me.

[E5742DFE]
Shane C. Burgess
Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension Charles-Sander Dean of the College of Agriculture & Life Sciences
THE UNIVERSITY OF ARIZONA

Forbes Building, Room 306 | 1140 E. South Campus Drive
P.O. Box 210036 | Tucson, AZ 85721-0036
Office: 520-621-7621
sburgess at cals.arizona.edu<mailto:sburgess at cals.arizona.edu>
alvsce.arizona.edu<https://alvsce.arizona.edu>
cals.arizona.edu<https://cals.arizona.edu>
twitter<https://twitter.com/UAAgLifeVetExt>

The University of Arizona is located statewide on the ancestral homelands of indigenous peoples.

From: Burgess, Shane C - (shaneburgess)
Sent: Wednesday, April 1, 2020 10:56 AM
To: Chorover, Jon - (chorover) <chorover at arizona.edu<mailto:chorover at arizona.edu>>; Farrell-Poe, Kathryn L - (kittfp) <kittfp at arizona.edu<mailto:kittfp at arizona.edu>>; Going, Scott B - (going) <going at arizona.edu<mailto:going at arizona.edu>>; Jenks, Matthew - (jenksm) <jenksm at arizona.edu<mailto:jenksm at arizona.edu>>; Rutledge, Bethany S - (rutledge) <rutledge at cals.arizona.edu<mailto:rutledge at cals.arizona.edu>>; Scaramella, Laura V - (scaramella) <scaramella at arizona.edu<mailto:scaramella at arizona.edu>>; squirrel at ag.arizona.edu<mailto:squirrel at ag.arizona.edu>; Stock, S. Patricia - (spstock) <spstock at arizona.edu<mailto:spstock at arizona.edu>>; Tabashnik, Bruce E - (tabashnb) <BruceT at cals.arizona.edu<mailto:BruceT at cals.arizona.edu>>; Thompson, Gary D - (gdthomps) <GaryT at ag.arizona.edu<mailto:GaryT at ag.arizona.edu>>; Torres, Robert M - (rtorres1) <rtorres1 at arizona.edu<mailto:rtorres1 at arizona.edu>>; Walworth, Jim - (jlw1) <Walworth at ag.arizona.edu<mailto:Walworth at ag.arizona.edu>>; Antin, Parker B - (pba) <pba at arizona.edu<mailto:pba at arizona.edu>>; Davis, James M - (jdavis1) <JDavis at ag.arizona.edu<mailto:JDavis at ag.arizona.edu>>; Jean McLain (mclainj at email.arizona.edu<mailto:mclainj at email.arizona.edu>) <mclainj at email.arizona.edu<mailto:mclainj at email.arizona.edu>>; Jeff Silvertooth (silverto at email.arizona.edu<mailto:silverto at email.arizona.edu>) <silverto at email.arizona.edu<mailto:silverto at email.arizona.edu>>; Limesand, Kirsten H - (limesank) <limesank at arizona.edu<mailto:limesank at arizona.edu>>; Mcclaran, Mitchel P - (mcclaran) <mcclaran at arizona.edu<mailto:mcclaran at arizona.edu>>; Rahr, Matt - (rahr) <rahr at ag.arizona.edu<mailto:rahr at ag.arizona.edu>>; Ratje, Jeffrey M - (jmratje) <jmratje at arizona.edu<mailto:jmratje at arizona.edu>>; Rutherford, Janis KM - (jmathias) <jmathias at arizona.edu<mailto:jmathias at arizona.edu>>; Staten, Michael E - (statenm) <statenm at arizona.edu<mailto:statenm at arizona.edu>>
Subject: Tuesday 3/31 pm COV-19 president, provost and deans

President Robbins. Discussion of HBO TV show about basketball at 6pm

Provost (all in italics are quotes):

  1.  You many pay for increased bandwidth at peoples' homes, obviously this is taxable income.
  2.  Hiring students to do research: a. yes these will need approval and paperwork like every other hire (you may have more than one student on the same paperwork but b. you must first chose students from a list of UA Auxiliary units that is to be provided. If you chose students from this list, the UA Auxiliary units will pay half the salary cost. If no students on the UA Auxiliary units are qualified to do the jobs then you may hire other students BUT you must prove why these UA Auxiliary units students are not qualified and pay the full costs of student labor.
  3.  There is currently NO discussion of staff layoffs-please communicate this to your people.

Regards
Shane

Remember, we're working together to provide the best examples we can to "flatten the curve" so our healthcare system is not overwhelmed. If we do everything right, "nothing will happen" - and that is the whole point.

[E5742DFE]
Shane C. Burgess
Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension Charles-Sander Dean of the College of Agriculture & Life Sciences
THE UNIVERSITY OF ARIZONA

Forbes Building, Room 306 | 1140 E. South Campus Drive
P.O. Box 210036 | Tucson, AZ 85721-0036
Office: 520-621-7621
sburgess at cals.arizona.edu<mailto:sburgess at cals.arizona.edu>
alvsce.arizona.edu<https://alvsce.arizona.edu>
cals.arizona.edu<https://cals.arizona.edu>
twitter<https://twitter.com/UAAgLifeVetExt>

The University of Arizona is located statewide on the ancestral homelands of indigenous peoples.

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