SA: June 7, 2013 Letter From President Re: R. 48

Dear Adam,

Thank you for communicating Student Assembly Resolution 48, “Addressing the Student Activity Fee Endowment Fund.” I am supportive in concept of taking the SA Endowment Fund and making it available for distribution through a new SA Innovation Fund. I understand that the sponsors will review the specifications over the summer and the resolution will be re-approved by next year’s Assembly before the fund is formally established. To that end, here are some things to consider:

• The description of the permitted applications seems vague, so it might help to provide an example for each. Also, if these proposed uses of the funds conflict with any previously established SA guidelines for use of the Endowment Fund, the resolution should address those (the Charter provides that the SA will provide guidelines for use of the Endowment Fund but it is not clear if that was done);
• The language on the Fund Gift Evaluation Process (specifically, the language on majorities and percentage of funds in the SAIF) in not completely clear and could use some refinement;
• The “Be it further resolved” clause should refer to Subsection C and D of Article VI, not Subsections 3 and 4;
• In the section amending the Bylaws, it is not clear whether the SAIFC is supposed to have only one of the President, VP for Finance and VP for Outreach as a member — or each of those persons. Refinement in the language should make the intention more clear.

I appreciate the Assembly’s work in this regard and wish you and your colleagues all the best next fall.

Regards,

David

P.S. The fourth “Whereas” clause is a repetition of the third clause.

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