Sources of Funding

Sources of Funds

The Financial Management Board receives funds for allocation to student organizations from three sources:

Student Union Endowment
Student Activity Fees
The Shirt Project

Please view the information below to learn more about each individual source of funding:

Student Union Endowment

The Student Union Endowment was created on April 2nd, 2007. The purpose of the endowment is to supplement the Student Union Budget, which annually allocates money to all undergraduate student organizations. The endowment was funded by the Carryforward account, The Shirt Project, and the former The Shirt Royalty Fund totaling approximately $650,000.00 at the time of its creation. The total annual interest from the Endowment is allocated to student organizations in the Spring Allocation.

 

Student Activity Fees

Each student enrolled at the University of Notre Dame pays $95.00 each year in Student Activity Fees. This money is allocated to student organizations during the Spring Allocation.  

The Shirt Project

Each year, approximately $125,000.00 of the income generated by The Shirt Project is allocated to student organizations during the Spring Allocation. Annually, half of the total income generated by the Shirt Project is received by The Shirt Charity Fund. Finally, income from The Shirt Project also is deposited into the Student Union Endowment, thus increasing the size of the endowment and the interest paid out to the Financial Management Board for allocation to student organizations.

For further questions concerning any aspect of the funds available to the Financial Management Board, please feel free to contact us at fmb@nd.edu.