24 The History of Wake Forest
colleges and universities, particularly when considering the ongoing needs of the
University.”
In a January 11 letter to Charles M. Davis of Louisburg, North Carolina, Hearn
wrote: “Tuition is almost 70 percent of the academic budget. If we require addi-
tional resources for academic development, tuition must reflect that decision.” In
1983–1984, the average salary for a professor at Wake Forest was $38,000. Professors
at Duke University earned $45,000; North Carolina State University, $40,000; Uni-
versity of North Carolina, $42,500; and University of Virginia, $45,000. A first-year
assistant professor at Wake Forest made $2,000 less than a first-year public school
teacher in Forsyth County, according to an Old Gold and Black editorial. To retain
its present faculty and to recruit new professors, Wake Forest had to charge more
tuition.
Another financial concern was the endowment. For many years, monies
returned from University departments at the end of the fiscal year were deposited in
the endowment. Treasurer John Willard pursued this conservative strategy aggres-
sively. Hearn objected, however, to the way it was carried out because it was not
overtly stated. In fact, it was not a policy at all. In a January 21 memo to Willard,
Hearn stated: “I am concerned about the necessity that we continue to make
substantial additions to the endowment …. I do not want for endowment devel-
opment to receive a kind of ‘hidden’ priority …. This is something that should be
discussed with the Investment Committee at one of its upcoming meetings when we
have a plan to propose.”
Another financial change addressed faculty raises. Hearn recommended in a
memo to his vice presidents and deans on January 15 that “some proportion of the
total salary pool increase allowed each unit be allocated to individuals on the basis
of merit.” Until this time, raises were usually across-the-board for all faculty mem-
bers, regardless of productivity.
Diversity
Tuition was not the only controversy of 1984–1985. A March 26 memo to Bill Star-
ling, Director of Admissions, instructed him to “consider policy changes which will
redirect some existing scholarship funds to make our minority program more rea-
sonably competitive.” The president had been approached by a delegation of black
faculty who advised him that talented black students might go elsewhere if they did
not receive a more attractive financial package. Hearn wanted a more representative
student body.
Space
Space was at a premium. Academic departments, such as economics, were housed
in Z. Smith Reynolds Library. Student organizations were confined to the second
and third floors of Reynolda Hall and often several groups shared an office. Even
the Dean of the College and the Provost were housed together. There simply was no
room to expand any student, faculty, or staff organization.
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