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---

MEMORANDUM

Office of the Dean

8888 University Dri\.c

Burnaby, Be V51\ lS6

ATTENTION

Jon Driver, VP, Academic, Chair ofSCUP

FROM

Dr. Daniel Shapiro, Dean

TEL 778.782.5305

FAX 778.782.5833

RE:

Change in W.]. VanDusen Endowment Terms of Reference

DATE

August 19,2010

SCUP 10-72

fbadean@sfu.ca

The Faculty of Business Administration is requesting a change in the W.J. VanDusen Endowment's

Terms

of Reference. If SCUP supports these changes, we would like them to go to Senate and the

Board

of Governors as soon as possible.

RATIONALE FOR CHANGING THE TERMS OF REFERENCE

The

~1.J.

VanDusen Endowment was established over two decades ago. At that time, it was

envisioned these funds would be used

"to establish a downtown base for the Faculty of Business

Administration's economic forecasting

and business seminars, and to secure business contributions

to programs directed to business probleln solving, economic diversification and industrial renewal

within British

Columbia." The W.J. Vanl)usen Be Business Studies Institute was set up to provide

the means through which the endowment's mandate could be accomplished. Unfortunately, while

the Institute remains on the books, it has never

met the mandate.

To better use the funds and to meet the endowment's mandate, the FBA is proposing that the \V.J.

VanDusen BC Business Studies Institute be discontinued and the endowment funds be used for the

establishment

of the W.J. VanDusen Professorship. The recipient of this professorship will be

expected

to undertake research that is relevant to British Columbia's "growth, renewal and

economic

diversification." Additionally, the recipient is expected "to engage in outreach activities

that will disseminate this

research." This should allow the

FBA

to better meet the mandate of this

endowment and

will help us to either rctain or attract excellent faculty with interests in studying

topics relevant to British Columbia.

The revised terms of reference for the W.J. VanDusen Professorship are attached. These terms have

been accepted by the Donor.

'T'he terms have also been reviewed by Gayle Myers and Li-Jeen

Broshko at

SFU

Academic Relations.

Encl.

DL/al

SIMON

FRAS~R

llNIVERSITY

THINKING OF THE WORLD

---

SIMON fRASER UNIVERSITY

THINKING OF

THE

WORLD

Terms

of

Reference

w.]. VanDusen Endowment Fund

Supporting the

W.J. VanDusen Professorship

The W.J. VanDusen

Be

Business Studies Endowment Fund (the "Endowment Fund" or

"Fund") was established

in

1987 with donations from the W

J.

VanDusen Foundation, the

Vancouver Foundation,

other private donors, and with a grant from the Provincial

Government. A

portion of the Endowment Fund is held at Simon Fraser University and a

portion is held at the Vancouver Foundation as part of the Simon Fraser University Bridge

Endowment Fund. The fund, originally called the W.J. VanDusen BC Business Studies

Endowment Fund, will henceforth be the W J. VanDusen Endowment Fund.

Purpose of the Endowment

The purpose of the original donation was, "to establish a downtown base for the Faculty of

Business Administration's economic forecasting and business seminars and to secure

business contributions to programs directed to business problem solving, economic

diversification and industrial renewal within British

Columbia

u

•

Originally supporting the

BC Business Studies Institute, the fund will henceforth support the W J. VanDusen

Professorship.

The W J. VanDusen Professorship (the "ProfessorshipU) will expand on the original

puxpose of the Endowment Fund by attracting and retaining academic experts who will

contribute to a deeper understanding of the British Columbia business and economic

environment.

Income from the Fund will be used to provide' salary supplements and

research expenses for a qualified scholar

who

will

be awarded the Professorship in the

Faculty

of Business Administration. Holders of the Professorship will be expected to do

research

in

areas that are relevant to the growth, renewal and economic diversification of

the British Columbia economy, and to engage in outreach activities that

will

disseminate

their research.

Fund Administration

The Endowment Fund will be held by Simon Fraser University and the Vancouver

Foundation.

The administrator of the Fund will be the Vice President, Academic.

Donations to the

Endowment Fund nlay be received through Simon Fraser University.

The capital of the Endowment Fund will be held in perpetuity.

A

portion of annual

earned income may be reinvested in the Endowment Fund to protect its value over time

when overall endowment earnings exceed the University's disbursement quota, as

stipulated in Endowment Management Policy GP 20 (the "Policy"). Also, as established

by the Policy, a portion of annual earned inCOlne will be used each year to support the

activities

of the W J. VanDusen Professor. including teaching and research.

Frgg 1 ufS

---

SIMON FRASER UNIVERSITY

THINKING OF THE WORLD

Terms oj Reference

w.). VanDusen Endowment Fund

Supporting

the

W.J. VanDusen Professorship

In the event that circumstances make the specified use of the Endowment Fund no longer

practicable

or desirable, the Board of Governors of Simon Fraser University is hereby

authorized to make any changes

it may deem necessary in the tenns or use of the

Endowment Fund, such changes, however, to be

in

keeping

as far as possible with the

original spirit and general interest

of the Endowment Fund.

Appointment

Simon Fraser University seeks to appoint a tenure track faculty member to the W.J.

VanDusen Professorship. This appointment will be endowed in part

by

the Endowment

Fund.

The appointment

will be for a five (5) year renewable tenn. The appointment and any

renewal will be concluded in accordance with University policies.

Page 2 efl

---

SIMON FRASER UNIVERSITY

THINKING OF THE WORLD

W.J. VanDusen Endowment Fund

Supporting the

Terms

of

Reftrence

Accepted

by:

Cathy a nato

VP Adv cement

Simon Fraser University

W.}. VanDusen Professorship

..

Jo

V. ce President, Academic

mon Fraser University

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Date

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Date

Daniel Shapiro

Dean, Fac.ulty of Business

Simon Fraser University

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