The SFU Retirees’
Association 50th
Endowment at SFU
A 2016 Report for Donors
The SFU Retirees’ Association 50th Endowment
Thank you for your support in establishing the SFU Retirees’ Association 50th
Endowment in support of our best Canadian students at SFU. Scholarship support is
often not only a financial help, but a morale-booster and motivator as well. Your
generosity means a lot to our students.
Endowment History: The SFU Retirees Association (SFURA) 50th Anniversary
Endowment Fund was established at Simon Fraser University in
2014 with generous gifts from its members and others through
the 2014 Campus Giving Campaign.
Fund Purpose:
The endowment fund supports the SFU Retirees Association
50th Anniversary Scholarship.
Donors:
113 individuals and organizations have supported this fund, to
date.
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To the Donors of the SFU Retirees Association 50th Anniversary Scholarship:
I would like to extend my sincere gratitude for your financial
assistance. I am currently in my fourth year at SFU, pursuing a
Bachelor of Arts with a double major in psychology and French.
The decision to pursue French was a recent one which will add
at least another year to my education. I am able to take this
time to tailor my education to my passion thanks in large part to donors such as
yourself. My hope is to teach French at the secondary school level and eventually to
become a professional counsellor. The short version is that the financial aid that I have
received from this scholarship and others like it has allowed me to take advantage of a
multitude of opportunities which have opened up these possibilities for my future.
Thanks to this assistance I have been able to focus on my studies and maintain a high
GPA, bringing me closer to my goal of gaining admission to the Professional
Development Program at SFU, and eventually to the counselling psychology M.A.
program. It has allowed me to spend time volunteering in research labs (CRECHE,
Attention Lab, Driving Simulator Lab) where I gained research experience and forged
valuable connections in the academic community, which will also help me attain my
academic goals. Volunteering enabled me to get a sense for where my passions lie and
what my goals really are. Next year I hope to volunteer as a peer educator. The
support that students like myself receive from these scholarships is truly invaluable.
Once again, I would like to thank you for your generous contribution.
Sincerely,
Brie Wish
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2015/16 SFU RETIREES’ ASSOCIATION 50TH ENDOWMENT FINANCIAL
SUMMARY
APRIL 1, 2015 to MARCH 31, 2016
Principal
Principal Balance at Fiscal Year Start:
New Gifts to Endowment Principal:
Inflation Adjustment Factor (1.9% CPI):
Optional Recapitalization of Interest:
Matching Funds:
Principal Balance at Fiscal Year End:
$31,826.56
$3,950.00
$755.60
$988.43
$5,000.00
$42,520.59
Operating
Balance at Fiscal Year Start:
Spending Income Allocation (5.0%):
Year End Spending Adjustment:
Total Disbursements:
Optional Recapitalization to Principal:
Balance at Fiscal Year End:
$0.00
$1,591.33
$397.10
($1,000.00)
($988.43)
$0.00
SFU Retirees’ Association 50th Anniversary Scholarship Disbursement Detail
Student Recipient
Gabrielle Wish
Program of Study
Psychology Major
Amount
$1,000
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Endowment Management Policy Definitions
Endowment Fund
A fund designated for the collection and use of economically valuable assets held in
perpetuity to support a variety of activities of the University. It is an aggregate of all
the Endowment Principal Accounts.
Endowment Principal Account
This entity includes the original capital value of donations to an endowment, with
additions made for inflation Adjustment Factors (annually), Market Value increments
(from time to time), and other capitalized amounts (as directed).
Endowment Income Account
This entity holds the Spending Income Allocations for an Endowment Principal
Account. It includes unused spending income from prior years.
Spending Income Allocation
The Spending Income Allocation is an amount calculated annually by applying the
Spending Income Allocation Rate to the average monthly Endowment Principal
Account balance during the current fiscal year.
Spending Income Allocation Rate
This rate is set by the Board of Governors on the recommendation of the VicePresident, Finance & Administration and is reviewed every third year. Effective April 1,
2015, the rate was set at 5.0% annually.
Inflation Adjustment Factor
A capital addition to an Endowment Principal Account calculated as the latest calendar
year percentage change in the CPI for BC times the average Endowment Principal
Account balance during the fiscal year.
Terms of Reference
The management and administration procedures of each Endowment Principal and
Income Account are set out in a legally binding document entitled the Terms of
Reference.
Rory Green
Associate Director of Advancement,
Faculty of Applied Sciences
Simon Fraser University
ASB 9991, 8888 University Drive
Burnaby, BC V5A 1S6
rory_green@sfu.ca
778-782-9866
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