MANAGING YOUR GIF TS
University Foundation Committee We would like to thank the University Foundation Committee (UFC) for their continued prudent management and oversight of philanthropy at the University of Tasmania. In particular, we would like to acknowledge the efforts of departing Committee members Yvonne Rundle and Peter Worrall. Peter’s considerable experience and wisdom has seen him play a pivotal role on the Committee for the last three years. We thank Yvonne for the pivotal role she has played in establishing a framework of trust, championing the University’s cause, and steering the Committee in the right direction towards more detailed financial reporting. The mission of the UFC is to ensure that the University’s philanthropic practices and policies are consistent with its mission and goals. Exercising a high level of probity, the Committee verifies that trusts and funds comply with the wishes of donors, and are used for educational and research purposes of the University.
Over the past 12 months, the Committee has focused on the investment management model and on ensuring endowed funds have a two-year operating reserve. Philanthropic and financial performance reports, notice of change to gift status, trust fund reports and an annual review of national benchmarking are all items regularly considered by the Committee. Committee Chair, Vice-Chancellor Professor Rufus Black, said the Committee’s work was vital to the future aims of the University to ensure all Tasmanians and others have access to a world-class education, and that the University delivers research that makes a difference for lutruwita/Tasmania, and from Tasmania to the world. To contact the UFC, or find out more, please email: UFC@utas.edu.au
Pictured from left to right: Dr Damian Bugg AM QC, Kate Robertson, Yvonne Rundle, Vice-Chancellor Professor Rufus Black, Susan Gough, Dr David Warren, Peter Worrall, Associate Professor Ashley Townsend
Image: Peter Allen
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