There's no FUND in FOUNDATION

April 07, 2012

I'm back.... This is way better than the Iron Warrior. No deadlines and no word count limits! But back to why I'm writing this...

There has been a lot of confusion lately regarding what WEEF stands for. The final answer? Waterloo Engineering Endowment Foundation. Yes, that's right, even though WEEF has an endowment fund, WEEF is technically a foundation. What's the difference? Essentially, the foundation is responsible for administering the fund. The foundation encompasses not only the fund, but also the whole governance structure (think Board of Directors and Funding Council). Well, that's all for today folks. Short and sweet.