allocate all revenue each year. The goal of reaching $10 million in 10 years was likely neverpossible. It may take an additional 10 years or more for the Endowment to grow to $10 million.Furthermore, if the Endowment was at $10 million today it would likely only generateapproximately $300,000 to be allocated for student life. This is simply not enough money.In the last budget cycle GUSA allocated nearly $400,000 to student programs, and theneed was still much higher. The FinApp Committee estimates that actual financial need of student life is around $800,000. This is far above what the Endowment could generateeven if the original policy was successful. It is clear that the concept of a Student Activities Endowment should no longer bepursued. Therefore, responsibility falls to the GUSA Finance & AppropriationsCommittee to resolve what is done with the remaining $2 million in the Endowment.However, this matter is too large and encompassing for only the seven members of theFinance & Appropriations Committee to handle. Therefore, the Committee is establishingthe “Commission on Student Activities Endowment Reform” to undertake this issue. This issue is best handled outside the FinApp Committee while it is busy implementingthe recent SAFE Reform measures and therefore unable to dedicate the necessary time tosuch an involved matter. Lastly, the issue of what to do with the remaining Endowmentmoney should be considered by a broad range of interested parties and representativesfrom across the Georgetown community. The goal of the Endowment Commission is to thoroughly research the issue of theEndowment, listen to all ideas on how the money should be spent, and ultimately create aproposal to be presented to the Finance & Appropriations Committee for consideration.The FinApp Committee will then consider the Commission’s proposal, make necessary amendments, and then present a final plan to the full GUSA Senate. The Senate wouldthen order a campus wide referendum to adopt the proposal.