Funding in Short

EUS Funds

Description: The Student Space Fund is a fund composed of fees paid by engineering undergraduate students. It is a meant to be a sustainable resource for general improvements of the undergraduate space at McGill as well as to fund larger renovations projects. The Fund is separate in two accounts: the Short Term and Long Term accounts. The Short Term account is meant for smaller purchase of single items (< 2000$) and the Long Term account is aimed at significant projects and renovations (> 5000$), envisioned for the future.
Amount: $96,000
Allocation: The Short Term account is allocated twice a year through an application process sent out by the Funds Director, usually around October. For the Long Term account, a motion council has to adopt the funding thus allocation is set all year around. During summer time, a special committee is setup to allow the executive committee to pass motions without a council motion.
Contact: funds.director@mcgilleus.ca, vpfinance@mcgilleus.ca

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Description: The Endowment Fund of the EUS is a new addition, starting Winter 2017. The Endowment Fund shall encompass the entirety of the Long Term Capital Account, minus the current year’s balance, and part of the liquid reserves of the EUS within a portfolio managed and invested by our banking partner, RBC.
The fund is meant to keep generate revenues through our surplus in order to finance large, long term projects, in the future. The funds shall be invested in a low risk portfolio yield between 3 and 5%, on average, per year.
The decapitalization of the endowment fund is being written as we speak.
Amount: $250,000
Allocation: The decapitalization of the endowment fund is being written as we speak. It shall be done in a similar manner as the Long Term Capital Account except that we have to transfer money from the RBC’s Wealth Management accounts to our accounts which takes 24h. Our withdrawal period might be longer internally and will, mostly likely, require extensive documentation and council approval.
Contact: president@mcgilleus.ca, vpfinance@mcgilleus.ca

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The decapitalization of the endowment fund is being written as we speak.
Amount: $250,000
Allocation: Doner labore sirloin consectetur, enim t-bone andouille in eu alcatra. Cupidatat beef ribs minim ut chuck nostrud ball tip sed. Jowl hamburger elit aliqua.
Contact: vpacademic@mcgilleus.ca, president@mcgilleus.ca

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Description: The Clubs Fund is composed of money allocated by the EUS to financially support EUS Clubs and to continue to offer other learning opportunities for members that they cannot gain in class.
Amount: $10,000
Allocation: Applications open at the beginning of each semester and are due around a month into the semester. To apply groups submit a written application, detailed budget, member list, and PowerPoint presentation. At the Clubs Fund Committee (CFC) each group will have to present to receive funding.
Contact: funds.director@mcgilleus.ca, vpfinance@mcgilleus.ca

Description: The Design Team Fund’s purpose is to ensure design teams remain competitive, achieve their goals and expand the scope of engineering prowess at McGill. It is comprised of student fees and a contribution from the EUS. Amount: $39,000
Allocation: Applications open at the beginning of each semester and are due around a month into the semester. In order to apply teams must submit a written application, detailed budget, member list, sponsorship package, and PowerPoint presentation. After the applications are received the funding committee meets to hear the team presentations, vote on design team status, vote on the formula to allocate funding, and review the final allocations.
Contact: vpacademic@mcgilleus.ca, president@mcgilleus.ca

Description: The Departmental Trips Fund is a dedicated sum of money allocated from the operating budget of the EUS (mainly student fees) to which engineering departmental councils can apply to.
There are three categories of trips defined in the bylaws which have different requirements and criteria:

  1. Sports Trips: 5$/student
  2. Industry Tours (day-trip): 5$/student
  3. Industry Tours (overnight) 15$/student
  4. Conferences: 75$/student

The application requires the following documents to be submitted:
  1. Written request
  2. Detailed itinerary
  3. Budget
  4. List of participants, and their departments
Amount: $6,125
Allocation: You can apply to the Departmental Trips [Fund] at all times by emailing your full application to the VP Finance of the EUS. This fund is allocated in a first come first serve basis and it is always best to apply as early in the year as possible.
Contact: vpfinance@mcgilleus.ca