UA-R-GC-1914-01-01-1989-05_Page-031

Wednesday 1:00 PM THE AMERICAN UNIVERSITY IN CAIRO BOARD OF TRUSTEES DEVELOPMENT COMMITTEE MINUTES May 10, 19,89 AT&T Headquarters Present: Mr. Hedlund (Chairman), Mr. Crary, Mr. Harbert, Mr. Hight, Mr. Hinds, Mr. Hyde, Dr. Pedersen. Also Attending: Mrs. Bennett, Mrs . Desforges, Dr. Lamont, Mr . Lipscomb, Dr. Pelowski, Mr. Schieren, Dr . Toepfer. 1. The agenda was approved. 2 . The minutes of the last meeting were approved. 3. Dormitory Capital Fund . Dr. Pelowski stated that the proposal to the Kresge Foundation for a $500,000 challenge grant had been submitted and that the University was awaiting the Foundation's decision. In the meantime, it would be helpful to raise at least another $100 - 200,000 in addition to the $850,000 anticipated by June from AID/ASHA to indicate to Kresge AUC's successful fundraising efforts on behalf of the dormitory in the private sector. He hoped that an expected gift from Aramco at the $200,000 level would fulfill this short-term goal. The Committee then discussed potential sources of funding to fulfill the $2,568,031 balance to be raised by December 1990. Mr . Hedlund reported that Mr. Kelberer was not hopeful in obtaining more than $200,000 from Aramco this year. Mr. Hedlund also was of the opinion that AUC's dormitory project will not appeal to potential Saudi donors since both boys and girls will be occupying the same building. While acknowledging this may be true, Dr. Pelowski stated that, although he had no figures at hand, there were an increasing number of applicants from Saudi Arabia and other Middle Eastern countries and thought that support for a modern, well-regulated dormitory would be an appealing .project. Other potential donors: Amoco has been presented, as requested, 'with several funding ideas (including a named professorship at $500,000) to commemorate the company's 25th anniversary in Egypt; there is no clear idea on how much Amoco would decide .to give. Mr. Hedlund offered to contact Richard Morrow after consulting with Mr. Dalton (President, Amoco Egypt Oil Co.) to get his advice on the best time for this approach. Dr.Pelowski also mentioned that he had prepared a letter for Dr. Pedersen's signature which was sent to Sen. Percy, President of the Hariri Foundation, reminding him of Rafi