3.12 Endowed Funds

3.12.1 The Director of Finance is responsible for maintaining financial records in respect of gifts, benefactions and donations made to the University and initiating claims for recovery of tax where appropriate.

3.12.2 The Director of Finance is responsible for maintaining a record of the requirements for each trust fund and for advising the Finance Committee on the control and investment of fund balances.

3.12.3 The Finance Committee is responsible for ensuring that all the University’s trust funds are operated within any relevant legislation and the specific requirements for each trust. They will also be responsible for investment of fund balances.

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