What is WEEF?
WEEF stands for the Waterloo Engineering Endowment Foundation. The foundation was founded by two engineering student, Avi Belinsky and John Vellinga, in 1990. The goal of WEEF is to continuously improve the educational environment for undergraduate engineering students, and maintain our outstanding reputation.
The premise of WEEF is simple. WEEF collects donations and puts them into a fund. The interest earned on the fund is spent each year on undergrad laboratory equipment, student projects, computer upgrades and academic tools/teaching facilities. The principle portion of the fund is never spent which allows the interest each year to grow, hence “The Gift That Keeps On Giving”. The donations that build the fund come from three sources: student donations, Employer Matching Contribution (EMC), and engineering Alumni (including graduates' Plummer’s Pledge).
There are two governing bodies guiding WEEF: the Funding Council and the Board of Directors. The Board of Directors (which has 2/3 student membership) sets the policy and direction of the Fund. The Founding Council, which is made up of one student representative from each class, reviews the requests for funding and recommends its distribution.