Cambridge University Reporter


College contributions in the financial year 2006-07 and grants from the Colleges Fund: Notice

18 June 2007

College contributions in the financial year 2006-07

The Council has received the following information from the Finance Committee which it now publishes to the University.

The audited accounts of the Colleges have been received and enquiries, where appropriate, have been made to ensure that the contributions of Colleges have been calculated in accordance with the provisions of Statute G, II.

Grants from the Colleges Fund

The Council has received the following report from the Committee of Management of the Colleges Fund which under Regulation 4 for the Fund (Statutes and Ordinances, p. 937) it now publishes to the University.

1. The amount of money available in the Fund for distribution in 2007 is approximately £3.1m.

2. The Committee of Management has approved the following grants to the corporate capital of Colleges to be paid on 29 June 2007:

 £
Clare Hall 103,900
Darwin 137,700
Downing 38,500
Fitzwilliam 327,400
Hughes Hall 354,900
Lucy Cavendish   332,400
New Hall 220,600
Robinson 447,700
St Catharine's 42,900
St Edmund's 426,900
Selwyn 187,000
Wolfson 480,100
 ___________
TOTAL 3,100,000

3. These grants have been calculated by using the model of a standard College with a basic requirement for endowment. The figures take account of the actual endowment requirements of the relevant applicant College, having reference to numbers of undergraduates, full-time equivalent graduates, Fellows, and College Teaching Officers.

4. The Committee of Management has not approved any exceptional grants in addition to the endowment-based grants listed above.