Allocation of Funds from the Licensing Program

York University Licensing Board

1. Principles Governing the Allocation of Funds

The York University Licensing Board expends its net profits for the following purposes:

1. to promote the York names, marks and brands; and
2. to promote/enhance the quality of student life on campus; and
3. for student awards

Funds may be allocated either by independent decision of the Board or pursuant to an application by a university department or student group.

2. Applying for Funding

1. Applications from university departments and student groups will be considered twice per academic term: October 31 and April 30.
2. Requests shall be made in writing to the Licensing Coordinator, and shall include:
   1. a description of the event/project indicating how it will advance the purposes set out in 1 above;
   2. where relevant, a budget showing revenues and expenses of a proposed project and details of applications for, or receipt of, funding from other sources;
   3. a proposal as to how the Licensing Program will be recognized in the event that funds are awarded to the applicant(s);
   4. a University account or budget number into which any funds awarded are to be transferred.

3. Decision and Reporting

The Licensing Board will meet to consider the applications and make a decision based on all submissions received. As a condition of the receipt of funding, the Licensing Board may require, once the project has been completed, a written report describing and confirming the expenditure of funds for the purposes for which they were originally awarded.