Report of Directors - May 2000

YUFA Trust

Report of Trustees - 1999-2000

The YUFA Trust took advantage of a short reopening of the OSOTF to make a further contribution of $200,000 in March, 2000, following a positive vote of Trustees at a special general meeting called specifically for the purpose.  With matching funds, this brings the total YUFA Foundation scholarships to $2,100,000.  This will cause the annual value of the scholarships to rise to $105,000 in 2001-2.

The YUFA Trust also received a request for funding of a renovation of the Glendon Senior Common Room.  In the past funds have been provided by the Trust for both the Faculty Club and the Glendon Senior Common Room.  The Glendon Senior Common Room wishes to renovate its space which has deteriorated substantially since the last major renovation in 1984 (for which the Trust contributed $30,000).   Given the precedent of past support, the Trustees recommend that they be authorized to spend up to $20,000 on this project.  Approval of the funds would also be at the discretion of the Trustees and subject to detailed examination of quotations, evaluation as to efforts to explore alternative sources of funding and awarding of the necessary building permits 

1999-2000 Trustees were as follows:

Michael Copeland - 33626 - copeland@yorku.ca
Paul Evans - 209-5801 - pevans@yorku.ca
Tiit Kodar - 33527 - tkodar@yorku.ca
Mary Sue McCarthy - 88808 - msmccarthy@edu.yorku.ca
Neil Wiener - 66135 - nwiener@yorku.ca