YUFA Trust Fund
The YUFA Trust Fund was formed in 1980 and since that time has received the YUFA bargaining unit portion of the Employment Insurance rebates granted to York University because YUFA’s long-term disability plan duplicates some aspects of the government’s Employment Insurance plan. York’s full-time professors opted to assign these rebates to a Trust Fund with the aim of benefitting the faculty and society at large.
Charitable activities enabled by the YUFA Trust Fund comprise scholarships for outstanding York students and York students in financial distress; and local community initiatives to improve the accessibility of a post-secondary education, including the Advanced Credit Experience (ACE) Program, Readers to Leaders, and the Transition Year Program (see below). Many of these activities are monitored by and funnelled through the Trust Fund’s sister organization, the YUFA Foundation (see below).
Most notably, over the past 40 years, contributions of more than $2.3m were made from the YUFA Trust Fund to scholarship endowments. Because of matching and investment returns the total value of the endowments from which YUFA scholarships and bursaries are awarded currently amounts to $7.2 million (April 2020 valuation).
Since 2017, the Trust Fund has been supporting YUFA Community Projects with annual donations of $100,000. YUFA Community Projects is a standing committee of the YUFA Executive, facilitating YUFA’s work with community groups to promote engaged citizenship through access and equity programs, and to undertake community-based research. Priority is given to initiatives focused on improving access, opportunities, and outcomes for groups currently underrepresented in post-secondary education.
Furthermore, the YUFA Trust Fund has contributed to the York University Association of Retired Faculty and Librarians (ARFL) Benefit Trust Fund, to help maintain medical benefits for retired members, and to other Faculty initiatives like renovations of the Senior Common Room at Glendon College and funding of the et al. Faculty & Graduate Student Lounge on Keele Campus.
Current and Past Financial Statements, Annual Reports, and Meeting Documents of the YUFA Trust Fund
The YUFA Foundation is a charity, incorporated under Ontario law in 1980 to receive and maintain funds and apply them for the advancement of learning, the dissemination of knowledge, the intellectual, spiritual, social, moral, cultural, and physical development of members of the York community and the betterment of society.
The main functions of the the YUFA Foundation are currently:
- Providing Scholarships and Bursaries to York University students: Scholarships are awarded to top student(s) in each undergraduate faculty of York University. Bursaries and emergency funds support students in need across the university. A total of $245,000 was distributed in 2019-20. Funds contributed to York University endowments, totaling approximately $7.2m (April 2020), have resulted from donations of the YUFA Trust Fund and Foundation; matching contributions from an anonymous donor and the Ontario government; and investment returns.
- Support for High School and Transition-Year Students: In recent years, and together with the YUFA Community Projects Committee and the YUFA Trust Fund, the YUFA Foundation has supported programs like Readers to Leaders (a literacy enrichment and leadership program for Grades 9 and 10 students), Transition Year Program (TYP) students in need of bursary support, and, most notably, the Advanced Credit Experience (ACE) Program. ACE is a partnership between the Toronto District School Board (TDSB), the YUFA Trust Fund, the YUFA Foundation, and the Faculty of Education at York University that aims to enhance university access for Grade 12 students from four local high schools: CW Jeffreys C.I. (TDSB), Westview Centennial C.I. (TDSB), Emery C.I. (TDSB), and James Cardinal McGuigan (TCDSB). Up to forty Grade 12 students identified as having leadership potential enroll into an undergraduate course at York. These students spend a term on York’s Keele campus taking both the university course and earning their high school co-op credit by completing co-op placements within a York University unit/department.
In the past, YUFA Foundation has also provided support for Success Beyond Limits. Success Beyond Limits (SBL) is a significant organization dedicated to youth in the Jane-Finch community. The model SBL pioneered is proving effective in supporting young people from this community through individualized and intensive support for students and their families. The YUFA Foundation provided funding and periodic bridge financing when delays were encountered in receiving funds from donors.
Current and Past Financial Statements, Annual Reports, and meeting documents of the YUFA Foundation.