There are currently 2 vacancies for appointment as a Director of UWRET TRUSTEE COMPANY LIMITED, the Trustee of the UW Restricted Endowments Fund.
Legal status
- UWRET Trustee Company Limited is a company limited by guarantee (No. 09430036).
- The UW Restricted Endowments Trust is a registered charitable trust (No. 1162374).
Skills, experience and expectations
- The UW Restricted Endowments Trust is the legal name of the charitable trust which is known publicly as ‘The Y Werin Endowment Fund’ and comprises the management of 52 restricted endowments originally bequeathed to the University of Wales.
- The role of the trustee company is to oversee the sustainable management of these invested funds and the dissemination of distributable returns consistent with the wishes of a benefactor and the terms of each bequest.
- We are looking to strengthen the Board of Trustees and first priorities are to gain additional experience of finance/business management, charity law, student affairs and the further education sector in Wales.
Key stewardship responsibilities include
- Ensuring that the charity operates within and meets its charitable purpose(s).
- Scrutinising plans for the sustainable management of the Y Werin Endowment Fund and its restricted endowments.
- Ensuring that distributable returns are applied fairly and in accordance with the requirements of any particular endowment.
- Overseeing effective governance and decision making.
Commitment sought
- To prepare for and attend 4 (half-day) meetings per annum.
- Meetings are held during day time (usually morning) and mainly in Cardiff – but meetings will be held around Wales.
- Appointments will be for an initial term of three years, extendable by mutual agreement.
Remuneration
- The posts are unremunerated, but reasonable travel and other expenses will be paid. Significant expenses (>£100) need to be pre-agreed. All expense claims must be supported by an appropriate receipt (or equivalent).
Closing date
- [Not applicable]
More information about our Purpose, the Restricted Endowments and details of Current Trustees can be found on the Y Werin website:
Alternatively you can contact the individual named below:
Carys Dineen
University of Wales
King Edward V11 Avenue
Cathays Park
Cardiff
CF10 5NS
enquiries@ywerinlegacyfund.wales
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