UA Financial Board


What We Do

"The purpose of this committee shall be to recommend allocations for student group funding to the UA Principal Officers and Council in a fair, beneficial, and responsible manner." -Finboard Bylaws, Article II

The Financial Board (Finboard) allocates funding to student groups in order to support their events. The overall mission and goal of Finboard is to objectively and fairly support all student groups within the limits of the budget and the Finboard Funding Policies.

Members

  • Chair - Zach Schmitz (zschmitz)
  • Vice Chair - Marla Odell (modell)
  • Audit Lead - Bamlak Gessessew (bamlak)
  • Audit Co-Lead - Julia Pei (juliapei)
  • Liaisons:
    • Kathleen Schwind (ks007)
    • Deepankar Gupta (deepg14)
    • Brittany Sacks (bsacks)
    • Eva Anderson (evaa)
    • Kailey Allen (kaileya)
    • Sanjana Shukla (shuklas)

How To Apply for Finboard Funding

Finboard funds ASA recognized student groups composed of a majority of undergraduate students. If a student group is eligible to apply for Finboard Funding, they can apply for funding at finboard.mit.edu when the funding applications are open. There are four funding cycles per year - Summer, Fall, Winter, and Spring. The funding application opens for each cycle according to the calendar below. Eligible student groups can apply, using the Finboard Funding Policies as a guideline. Please consult the Example Finboard Funding Application as a referenceApplications are then reviewed by Finboard, and funds are allocated and sent to SAO for approval. Once approved, the allocations are released to the student groups by the beginning of that funding cycle. If a student group wishes to appeal the results, they may do so once the Appeals application opens. Finboard then reviews those Appeals and sends those allocations to SAO and once approved, the Appeals are released to student groups. At that point, all funding is final.

How Finboard Funding Works

Once a student group has been allocated funds, that group may then "use" those funds. When a group is allocated funds, there is no physical transfer of funds into the student group's Funding Account. Rather, the student group may process reimbursements against their Funding Account up to the amount allocated, and only for line items specifically applied for an approved during the Finboard Funding Application process. Student groups may only utilize funds for the cycle for which they applied for; funds to not "carry over" to the next cycle. The reimbursements must be processed in a timely manner, and RFPs must be submitted by 15 days after the end of the cycle for which the funds were allocated. 


Fall Cycle: October 1 - December 30

SeptemberCalendar.png
OctoberCalendar.png

Past Cycles

*note: Appeals data not available for Fall 2014 - Summer 2015 cycles

*note: Appeals data not available for Fall 2014 - Summer 2015 cycles


Contact Us

If you have any questions, please do not hesitate to email us at finboard@mit.edu or email your liaison (listed below) directly. 


Liaison Assignments for Fall Cycle for Fall Cycle 2017

liaison - student group 

Anjali - MIT Pre-Medical Society
Anjali - MIT Quiz Bowl Team
Anjali - MIT Resonance
Anjali - MIT Ridonkulous
Bamlak - Active Minds at MIT
Bamlak - Adventist Christian Fellowship at MIT
Bamlak - Affiliated
Bamlak - African Students Association
Bamlak - ARCTAN
Bamlak - Art Club
Bamlak - Asian American Association
Bamlak - Asian Baptist Student Koinonia
Bamlak - Asian Christian Fellowship
Bamlak - Association of Puerto RIcan Students
Bamlak - Baptist Student Fellowship
Bamlak - Black Students' Union
Bamlak - Black Women's Alliance
Bamlak - Brain and Cognitive Sciences Society
Bamlak - Brazilian Students Association
Brittany - mitBeef
Brittany - MITeri
Brittany - mitLEAF
Brittany - Mocha Moves
Brittany - Movementality
Brittany - Mujeres Latinas
Brittany - Oori
Brittany - OrigaMIT
Deep - Curling Club
Deep - Debate Team
Deep - Design For America (DFA)
Deep - dynaMIT
Deep - Engineers Without Borders
Deep - Et Spiritus
Deep - Ethiopian and Eritrean Students Association
Deep - GaMIT
Deep - GlobeMed at MIT
Deep - Hillel
Deep - Imobilare
Deep - Japanese Society of Undergraduates
Deep - Karaoke Club
Deep - Korean International Students Association
Deep - Korean Students Association
Eva - MIT Rocket Team
Eva - MIT Shakespeare Ensemble
Eva - MIT Solar Electric Vehicle Team
Eva - MIT Sporting Clays Association
Eva - MIT Student Juggling Club
Eva - MIT Student Sex-Positive Club
Eva - MIT the Gathering
Eva - MIT Undergraduate Research Journal
Eva - MIT Women's Initiative
Eva - MIT-Wellesley Toons
Julia - Laboratory for Chocolate Science
Julia - Latino Cultural Center (Mes Latino)
Julia - Latinos in Science and Engineering
Julia - Latter-day Student Association
Julia - Leadership Training Institute
Julia - Lean On Me
Julia - Live Action Mafia
Julia - LUCHA
Julia - MIT Animation Group
Julia - MIT Anime Club
Julia - MIT Archery Club
Julia - MIT Armenian Society
Julia - MIT Asian Dance Team
Julia - MIT Assassin's Guild
Julia - MIT Association of Taiwanese Students
Kailey - Stop Our Silence
Kailey - Student Cable
Kailey - Syncopasian
Kailey - TechSec
Kailey - The Forum
Kailey - Video Game Orchestra, MIT
Kailey - VOO DOO MAGAZINE
Kailey - Women in Aerospace Engineering
Kathleen - Camp Kesem at MIT
Kathleen - Caribbean Club
Kathleen - Chess Club
Kathleen - CHILE DESIGN & TECHNOLOGY, MIT
Kathleen - China Development Initiative
Kathleen - Chinese Ensemble
Kathleen - Chinese Students Club
Kathleen - Chocolate City
Kathleen - Class Awareness, Support and Equality
Kathleen - Club of Undergraduate Chinese Nationals
Kathleen - ClubChem
Kathleen - College Republicans Club
Kathleen - Colleges Against Cancer
Kathleen - Constructs Dance Crew
Marla - Queer West
Marla - Quidditch, MIT
Marla - Roadkill Buffet
Marla - Robotic Futbol Club
Marla - Rune
Marla - Sakata Afrique
Marla - Science Fiction Society, MIT
Marla - Science Olympiad at MIT
Marla - Secular Society of MIT
Marla - SHINE For Girls
Marla - South Asian Association of Students
Marla - Southeast Asian Service Leadership Network
Marla - Spinning Arts Club
Marla - Stammtisch
Marla - StartLabs
Sanjana - MIT Mahjong Club
Sanjana - MIT MAPS (Minority Association of Pre-Medical Students)
Sanjana - MIT Marching Band
Sanjana - MIT Mirchi
Sanjana - MIT Mock Trial
Sanjana - MIT Muses
Sanjana - MIT Musical Theater Guild
Sanjana - MIT Ohms
Sanjana - MIT Phyo Nyi Nyi Kyaw (PN2K)
Sanjana-MIT Pokemon League
Zach-MIT Bhangra
Zach - MIT BrainTrust
Zach - MIT Caving Club
Zach - MIT Centrifugues
Zach - MIT Consulting Group
Zach - MIT Cross Products
Zach - MIT Dance Troupe
Zach - MIT Democrats
Zach - MIT Effective Altruism
Zach - MIT EMS
Zach - MIT Fixation
Zach - MIT Flying Club
Zach - MIT Gospel Choir
Zach-MIT Happy Club
Zach-MIT InterVarsity
Zach-MIT Lion Dance Team
Zach - MIT Logarhythms
Zach - Pal@MIT
Zach - The Chorallaries of MIT