Resolution GBR-2000-3-2 |
Title Guideline For Selling Donated Stocks |
Content This document serves as the guideline for the USTC Alumni Foundation (USTCAF) to dispose of stock shares donated by members. The USTC AF designates the current treasurer to execute the process outlined below. All stock shares received by the USTCAF go through a three-step process, getting ready to be sold, sell at a desired price set by the donor, then the final selling. Step 1. Stock shares become ready for sale when all of the following conditions are met: (a) The stock shares have been transfered to the USTCAF acccount. (b) The estimated commission is no more than 10% of the stock value. Step 2. After a stock become ready for sale, AND if the donor had NOT specified a desired price for the stock to be sold, SKIP this step. (a) A limit order will be used to sell the stock. (b) The price on the order will be the same price specified by the donor (c) The order is entered on the first day the stock becomes ready to sell. (d) The order is cancelled if it is not executed within 5 business days, or until the end of a Tuesday, whichever is LATER. Step 3. The stock is then sold with the following method: (a) A limit order will be used to sell the stock. (b) The order is entered on the first Tuesday night, after market close. (d) If the order is not executed, the limit of the order is revised daily after the close of market, using the closing price of that day, until the order is executed. |
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Author Li, Xun |
Sponsors LIU Dongzi, LI Xiaolin |
Last Change 2002-03-21 |
About Us
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Content Guidelines for the USTCAF High School Scholarship
(Note: AF is a shorthand name for USTC Alumni Foundation (USTCAF); 1. THE GOAL: To attract the best high school graduates to attend USTC. 2. The HSS Awards -- ONS and ENS. The HSS will provide additional funds for ONS and serve as a The HSS award annually ENS with a cash amount of $300 or more, (1) from the specific high school where the HSS is available, The assessment on academic standing might vary from year to year. 3. The HSS Fund Management. HSS for several high schools may combine to issue ENS awards. 4. Responsibilities of USTC. 5. GB is the sole decision maker on all issues related to HSS. AF is not liable for any dispute due to failure of USTC to 6. Status of awardees. The recipient of AF's awards should bear high moral and merit 7. Bill of conflicts. Copyrigh(C) 2002 USTCAF, All Rights Reserved. 中国科大校友基金会高中奖学金评选规则 [高中奖学金评选规则中文版和英文版如有抵触,以英文版本为准。] 说明
1目标 2与ONS、ENS的关系 高中奖学金每年提供不少于300美元的资金,具体金额根据捐款数目确定。 ENS 基金会理事会建议采用以下方式:
3 高中奖学金基金管理 4 科大义务
5 基金会理事会拥有高中奖学金所有相关事务的唯一决定权。校友基金会理事会不对任何由 6 获奖人条件:校友基金会奖学金获得者应是品质优良。 7 抵触条款:校友基金会保留本规则的最终解释权。理事会就获奖事宜做出的决定是最终的。 2002年 中国科大校友基金会 版权所有,侵权必究 |
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Note: AF is a shorthand name for USTC Alumni Foundation 1. Award Categories: (A) Award to the most outstanding students. Provincial #1 in (B) Award to exceptionally outstanding students. Provincial (C) Award to outstanding students. Provincial top 50 in College
2. Selection procedures Each year when information concerning the criteria adopted is The total award from AF each year must not exceed the total amount 3. Responsibilities of USTC It is the responsibility of USTC to make public the selection GB recognizes that the standards and available information used 4. Status of awardees The recipient of AF's awards should bear high moral and merit 5. Rights of awardees This scholarship is awarded to the most talented young individuals 6. Bill of conflicts AF is the only legitimate organization in providing such an award. If there is conflict of interests, AF reserves the final rights (7) Exemptions Any exemption from the guidelines listed in this article and |
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Content + USTCAF Special Fund Guidelines (Version 3)+ ~ 0. Aim and purpose University of Science and Technology Alumni Foundation (USTCAF) The particular award supported by the special fund will be named by the This document supersedes AF GB resolution GBR-1998-8-2. 1. Special fund organizers Each special fund has to be assigned at least one designated organizer Special fund organizers have the rights to monitor the operation and It is the responsibility of special fund organizers to collect 2. Management Fee There is no management fee for any special fund. The operation costs of AF are distributed to the general fund 3. Fund management There is no special management for special funds except the All investment gains and losses are distributed to the general 4. Cash only special funds and independently managed funds (A) Some special fund may keep all its balance in cash, as (B) A special fund may request to have its own investment plan The donors to special funds are considered as AF members based on AF 6. Bill of Conflicts Special funds are part of AF's property. Usage of special fund beyond However, if there is a conflict of interests, organizers of special fund can 7. Exemptions Any exemption from the guidelines listed in this article concerning a |
Add'l info 1. Not covering investment loss Original concern is that with each departmental subfund setting up, See details changes of this revision below: University of Science and Technology Alumni Foundation (USTCAF) The particular award supported by the special fund will be named by the ** New: and must be approved by the board. In general, Note: This document supersedes AF GB resolution GBR-1998-8-2. (1) Special fund organizers Each special fund has to be assigned at least one designated organizer Special fund organizers have the rights to monitor the operation and It is the responsibility of special fund organizers to collect New: ** by GB and displayed on the Web. (2) Management Fee There is no management fee for any special fund. The operation costs of AF are distributed to the general fund New: The whole section is new. (3) Fund management There is no special management for special funds except the All investment gains and losses are distributed to the general New: Do not allow special funds to invest differently from the rest (4) Cash only special funds and independently managed funds (A) Some special fund may keep all its balance in cash, as (B) A special fund may request to have its own investment plan New: this section is new. |
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Content (Note: AF is a shorthand name for USTC Alumni Foundation (USTCAF); GB stands for the governing board of USTCAF. The usage of AF or GB is exclusive in this article; no other interpretation is acceptable.) 0. This resolution replaces GBR-1999-9-1 and GBR-2000-3-1. 1. Background Information: AF Goodwill Scholarship was set up in 1999. Each year, the Scholarship awards about 75 students of three tiers, $100, $200 and $300. The general Goodwill subfund spent about $15K a year. Other than first two years, the spending was way above the total of donations to the subfund each year. In 2002 and 2003, donations to the general Goodwill subfund were below $2K. Without a revision and an effective fund raising, the scholarship can last only one more year. 2. Revision Principle: (1) $100 and $200 Goodwill Scholarship awards are too low. 3. The Goal: To provide financial assistance to USTC students who need financial help in order to complete her/his degree at USTC. Students are selected based on the following criteria: (1) Financial need. (2) Academic standing. In particular, higher priority will be given to female students from rural area.
4. The Procedure: (1) New Students. The fellowships are awarded annually to approximately 20 new students with the amount of $300 each. The students are initially selected by USTC and approved by GB, based on their financial need, academic standing and availability of other financial aids. The first year AF Goodwill award recipients are not guaranteed to receive it again. (2) Later Year Students. a) The new students who received AF Goodwill are supposed to send GB at least an application letter stating his/her financial situation, academic standing, determination on academic achievement, and willingness to sponsor students too in future, etc. Other b) All current and past Goodwill Scholarship students may submit such information at any time. Other USTC students may submit such an application too. c) The application will be displayed on AF webpage for alumni and other potential sponsors to view (however, the access of this type of webpages from USTC is blocked.) d) In general, if one selects a student, he or she would be called an AF Goodwill Sponsor. A sponsor is supposed to make donations of $300 a year for three years, or one time donation of $900. The student would receive $300 through AF, after the award is approved by GB and USTC. e) A second year student may no longer receive Good Scholarship after the first year Goodwill award, if he or she did not get a sponsor. g) In general, the general Goodwill Fund will not be used to award the second and later year students, except for unusual circumstances.
5. Responsibilities of USTC It is the responsibility of USTC to make public the selection criteria of this award to all eligible candidates. It is the responsibility of USTC to submit a comprehensive list of candidates to GB in time for it to make the necessary decisions. It is the responsibility GB realizes that the standards and information used in the selection process as provided may not be the best or complete but will assume no liability for such and will reserve the right to drop any candidate based on its best judgements. 6. Status of awardees: The recipient of AF's awards should bear high moral and merit standards. If an awardee is found to have serious misconduct, such as cheating on grades, forging merit documents, or participating in criminal activities, AF reserves the right to revoke the certificate of the awardee, to publicize and notify concerned parties, or to seek further legal actions if applicable. The revoked awardee will be permanently banned from receiving any future AF awards or joining the GB. The decision to revoke an award has to be approved by 2/3 majority of GB members. 7. Bill of conflicts AF is the only legitimate organization in providing such an award. AF is entitled to make final decisions on the awards and revoke an award were the actions of a recipient violate the spirit of this fellowship. Were there any conflict of interests, AF will reserve the final rights to interpret this article. The decisions by GB on matters related to this award are final. AF bears no legal obligations to recipients of this award, USTC or concerning parties. 8. Exemptions: Any exemption from the guidelines listed in this article or modifications concerning this award will need to be approved by at least 2/3 GB members. |
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