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Grants from the Colleges Fund: Notice

3 June 2002

The Council have received the following report from the Committee of Management of the Colleges Fund which under Regulation 4 for the Fund (Statutes and Ordinances, p. 902) they now publish to the University.

1. The amount of money available in the Fund for distribution in 2002 is approximately £4.1m. The Committee have determined to distribute £3.9m, leaving the balance available for emergency grants in 2002-03.

2. The Committee of Management have approved the following grants to the corporate capital of Colleges to be paid on 30 June 2002:

 £
Churchill130,000
Clare Hall47,000
Darwin204,100
Downing213,800
Fitzwilliam362,800
Hughes Hall369,200
Lucy Cavendish389,600
Magdalene101,400
New Hall218,700
Robinson421,900
St Edmund's368,700
Selwyn195,700
Wolfson477,100
Total3,500,000

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, graduates, Fellows, and College Teaching Officers.

4. The Committee of Management have agreed to discuss its methodology with the Colleges Committee's Colleges Fund Working Group.

5. In addition to the endowment-based grants listed above, the Committee of Management have agreed to make a one-off grant in the sum of £400,000 to New Hall in response to a request for assistance with the cost of emergency repair works to its building.

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Cambridge University Reporter, 12 June 2002
Copyright © 2002 The Chancellor, Masters and Scholars of the University of Cambridge.