Legacy Fund Brochure 2013 | Page 9

Project Approval Process Proposal Applicants (usually students) submit a 1-2 page proposal outlining the nature of the funding opportunity, why it is important to the MBA program, and the amount of money requested. Filtering Expenditures Committee votes on whether to invite applicants to the next stage of the process. A 70% vote in favour is required to advance the project. Presentation Applicants are invited to “pitch” their idea to the Expenditures Committee, and give more detail into the funding opportunity. Expenditures Committee members may ask questions about the presentation and the opportunity being presented. Decision Expenditures Committee votes on whether to fund the project. A 70% vote in favour is required to fund a project.