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Use of Capital The Fund shall be created by the contribution of $600,000 from Sierra Wireless ("SW") and $600,000 from SFU's Burnaby Mountain Endowment Fund.
Sierra Wireless will make five equal pledge payments of $120,000 a year for five years.
SFU will make its $600,000 contribution upon receipt of the first pledge payment -- The capital of the Fund shall be held by SFU as a permanent endowment fund administered in accordance with the University's Endowment Management Policy.
7.
Naming of the Sierra Wireless Mobile Communication Lab In addition to the $600,000 endowment contribution, Sierra Wireless will be donating $400,000 to SFU for an antenna chamber in the wireless ...
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