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‘"The object of Watfund," Wright explained, ‘"*is to allow us to do more things for the future .. to build investment for the future, which means new buildings, new equip ment, new programs." . An investment in the future. That is how University of Water loo (UW) president Dr. Douglas Wright recently described Watfund, the $21â€"million,. fiveâ€"year fundâ€"rais ing campaign which the university officially kicked off last week during its Technology Futures Day. According to Watfund national campaign chairman J Trevor Eyton. president of Brascan Ltd.. the campaign has already collected over $8 million from corperations. faculty, staff and students The day also marked the formal inauguration â€" of the university‘s Institute for Computer Research, which will be constructed using campaign funds The institute will bring together a number of research groups already operating in Waterloo, creating what Wright has called a research "superteam" to facilitate coâ€"opera tive research efforts Wright said UW would like to see work on the $4â€"million institute begin early in 1983 Eyton and the university presi dent also outlined other projects which will receive financial backing through the Watfund First priority said Wright. is construction of a $3â€"million athletic complex for the north campus,. a project which two weeks ago re ceived UW student support Students will pay one half of _ or pledge construction cost, and at the cere _ cash fror monies â€" last week, UW student _ from facu president Wim Simonis presented _ alumni (th Wright with a $1.5â€"million cheque, _ getting un signifying student support of the inâ€"kind, o project donors, a; In addition to these major initia _ â€"sociations tives, Watfund money will finance People the following projects: $%6 million _ Wright s will be used for an engineering _ years the mathematicsâ€"science library,; $1.5 students a million for specialized engineering _ They resj laboratories. $500,000 for the earth _ has done i sciences department and $1.5 mil therefore lion for labs in the departments of _ continue t Watfund: UW invests in future (Photo by Karla Wheeter). Craft counsellor Vickey Berdou shows Stevie Welker ways to make eggâ€"carton art, while Sandy Halverson busily works away. The children are taking part in this week‘s March Break Day Camp at the Waterloo Family YMCA. By Melodee Martinuk Watfund will also provide funding for development of labs and teachâ€" ing facilities in other departments and assist in building academic programming including expansion of the UW‘s coâ€"operative programs for arts students; "distance pro grams" for offâ€"campus, partâ€"time students; $500,000 in acquisitions for UW‘s library; and $1.1 million for scholarship and fellowship pro prams kinesiology and health studies Corporate donations to the cam paign to date, he pointed out. include â€"reponses from _ some 60 Canadian companies and subsi diaries. These 60, Eyton noted. represent half of those initially contacted in a "paceâ€"setter‘‘ appeal. and Watfund officials, he said, expect to see the fund grow as the remainder respond to the appeal. According to Eyton the fund rais ing campaign has been extremely successful so far, a success which he believes *‘is unprecedented in the history of fundâ€"raising for Canadian universities .‘ Despite the gloomy Canadian eco nomic climate Eyton said, "it is easy to sell the University of Water loo." ‘"In these times, companies are appreciative of UW. its coâ€"op stu dents and its graduates and want to keep this going." "It is almost a reverse sell," Eyton said. ‘"When 1 approach people they say ‘you don‘t have to tell me that the UW is worth The $8 million already contributed or pledged includes $4.8 million in cash from corporations, $332.500 from faculty and staff, $83,000 from alumni (the alumni campaign is just getting underway) $540.000 in gifts inâ€"kind, over $100,000 from private donors, and some $738,000 from as People are willing to give to UW . Wright said, because "over the years they have learned that our students are just very high quality They respect what the university has done in educating its students therefore they want to help us continue that and improve it _ while." «MÂ¥ â€" â€" _ 30â€"60â€"90 Day Term Deposits for deposits $25.000 or more. (Rates are subject to change} 168 King St. 5., 1334 Weber St. £E., 111 Water St. E.. _ 1315 Bishop St.. 14 Stanley St., Waterioo 579â€"1860 Kitchener 7434363 Kitchener 745â€"6B61 Cambridge 6532031 . Ayr 632â€"7901 10 days of fun and sun‘ All meals and entertainment included in Myrtle Beach Featuring the deluxe Hilton Hote! Call today! NEVER AGAIN AT SUCH AN UNBEATABLE PRICE! 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