The Endowment Committee shall administer the GA Endowment in order to provide fellowships, grants, and awards to University of California, Berkeley graduate students who demonstrate high academic distinction and/or have financial need, regardless of their gender, race, creed, national origin and sexual orientation, and regardless of the degree they seek. The administration of the committee shall include preparing and negotiating an annual memorandum of understanding between the GA and the Graduate Division. This memorandum of understanding shall establish the criteria and specific areas of greatest need, which will inform and guide the allocation of funding to students, who meet the criteria and terms of the endowment.
An endowment, the payout of which shall be used to provide fellowships, grants and awards to University of California, Berkeley graduate students regardless of their gender, race, creed, national origin and sexual orientation, and regardless of the degree they seek. Recipients shall demonstrate high academic distinction and/or have financial need.
Prior to awarding each year, the Graduate Assembly and the Dean of the Graduate Division shall negotiate, produce and sign a written document establishing the criteria and specific areas of greatest need, which will be used to guide the allocation of funding to students. Graduate Assembly will initiate these discussions no later than May 15 and after Feb 15 of each year, or while the Assembly is preparing its budget for the next fiscal year, whichever comes first. Subsequently, the Dean of Graduate Division shall identify, screen and select prospective recipients strictly based on this written document. The amount of awards shall be flexible and dependent upon available funds. If no such written document is jointly negotiated, produced and signed by GA and GD, then no funds shall be allocated for that year; instead the unallocated funds shall be put into the corpus of the fund.