WEEF Director Report

Welcome back to campus everyone! SIX THINGS, you may not have known about the Waterloo Engineering Endowment Foundation (W.E.E.F): 1) The allocation of WEEF money is 100% decided by students. The Funding Council that decides what organizations/teams/departments get, is composed of one member of every undergrad engineering class that is on-campus for that term. There is no faculty or UW Admin on this council, so the money goes where the students say it goes. 2) WEEF has indirectly funded $4 000 000 dollars of the soon-to-open E5, Student Design Center. WEEF provided $1 000 000, which was matched by the Faculty. The University then matched both WEEF’s and the Faculty’s contributions. This is an unbelievable accomplishment for a 100% student run endowment fund that is only 20 years old. 3) WEEF offers funding and expects nothing back in return. When it comes to funding lab equipment and student teams, this is rare. WEEF enables positive student learning experiences at UW, both inside and outside the classroom. 4) Quick Stats: · WEEF currently allocates ~$85 000 per term in funding (for student teams, department requests, lab upgrades, machine shop etc.) · WEEF’s principal amount is $ 8 500 000 · MIT’s principal amount is over $10 000 000 000 5) WEEF is for students by students. By donating to WEEF, you are contributing to UW Engineering’s reputation. Better/more lab equipment means better education for you and your successors and supporting excellence within our student teams really help make us recognized internationally as one of the top engineering schools in North America. 6) Your WEEF Refund is TAX DEDUCTABLE. Your donation receipt will be mailed to you. You end up paying less tax and in the process you help yourself, your university and all the engineers around you. FOUR THINGS, about WEEF this term: 1. WEEF Returns are available online until January 22nd @ www.weef.uwaterloo.ca If you have any questions about getting your return, feel free to email me (weef@engmail.uwaterloo.ca) 2. Funding proposals for the Winter 2010 term are due Feb. 15, 11:59 pm. Check our website for details and to download the funding form. 3. WEEF’s Principal Amount (the amount from which we generate interest, which is what spend) Reached the $8.5 million mark last term! Hurray! 4. WEEF turns 20 years old this year; it’s no longer a teenager! Watch out for WEEF’s birthday party later this term.