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Faculty and Librarian Retirees' Association, University of Windsor
Nov/Dec 1994
SO WHAT ABOUT THIS BURSARY FUND? SOME QUESTIONS AND ANSWERS
The FACULTY AND LIBRARIAN RETIREES' BURSARY FUND has now been set up by the Association in cooperation with the Awards Office of the University. Currently, the total in the Fund is nearing $4,000.
Q: What is the purpose of the Fund?
A: The purpose is to provide, in the name of the Retirees' Association, a source of bursary assistance for students at the University of Windsor. The initial objective of our Association is to see the Account grow in value until the income from it can support one or more such bursaries.
Q: Who owns the Fund?
A: The Fund is the property of the University of Windsor.
Q: Who administers it?
A: The University does. The money is pooled with all the other funds administered by the University, and invested. The annual investment earnings are added to the Fund.
Q: How fast will the Fund grow?
A: The only real source of such growth will be the voluntary contributions which we retirees make into it; and the contributions we can persuade other to make into it. Since the Fund total is already pushing $4,000, it could possibly require less than the 3 to 5 years minimum that the motion contemplated. The Assoc'n will also donate from its own funds in memory of deceased members.
Q: Who will decide when the Fund is big enough to pay a bursary?
A: The Retirees' Association will. Every six months, the Awards Office will report the Fund's status to the Association. Probably the Association's Bursary Committee will make recommendations for starters.
Q: Who will decide the size of bursaries, and who will select the recipients?
A: Again, the Retirees' Association. When the time comes, the membership can set up the criteria. It will be recalled that the original motion did cite "need" as a basic criterion, ceteris paribus, but all such decisions will be up to the Association.
Q: How should a retiree go about contributing to the Fund?
A: The best way is to give to the University's Annual Giving Campaign, which is in progress right now. Just be sure to "designate" your donation to the Faculty and Librarian Retirees' Bursary Fund, and help the fund keep growing! All donations are, of course, income-tax deductible.
There is, of course, no limit on the ways you can give. As one example, you
might wish to make a donation in memory of a deceased friend or family
member. If you should do that, let us know and we will be glad to notify
the next-of-kin in writing of your donation and in whose honour it was
made.
The U of W may indeed have fallen seriously behind. A recent national
survey concluded that bursaries and awards available to students at
Windsor were less than at any other of the "comprehensive" universities in
Canada... Clearly, our Bursary Fund is a move in the right direction.
Commenting on the new Bursary Fund, William Jones, the University's
Academic Vice-President stated that "the Retirees' Association is to be
commended; this is an initiative much appreciated by the Univrsity". Dr.
Jones made the comment during a meeting with officers of the Ass'n.
ASSOCIATION SETS UP BURSARY COMMITTEE
The motion setting up the Bursary Fund provided for a Committee of three. This Committee has been set up and has met.once. Members are David Booth and Alan Brown, with Bill Phillips, Association Sec-Treas.serving as ex officio Chairperson of the Committee.