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)
  • Liaisons:
    • Kathleen Schwind (ks007)
    • Deepankar Gupta (deepg14)
    • Julia Pei (juliapei)
    • Brittany Sacks (bsacks)
    • Eva Anderson (evaa)
    • Kailey Allen (kaileya)

Finboard Ongoing Initiatives

As a part of the UA’s ongoing initiative to support the MIT undergraduate community, Finboard is pleased to offer MIT undergraduates the opportunity to apply for the UA Travel Grant. This grant is oriented towards funding individual students up to $1,000 to attend professional or academic conferences that will enhance students’ undergraduate experience beyond MIT’s campus. Detailed information about the Travel Grant can be found here. Please first fill out the UA Travel Grant Application and then submit it via the UA Travel Grant Application Form.

In addition, the UA is pleased to be leading the Pilot Program to allow student groups to both more easily keep track of their Funding Account Balances and spend Finboard-allocated funds over an extended time-frame. More information about the Pilot Program can be found here

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. A breakdown of the periods of these four cycles is as follows: 

Winter Cycle: January 1 - March 31

Spring Cycle: April 1 - June 30

Summer Cycle: July 1 - September 30

Fall Cycle: October 1 - December 31 

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. 


Winter Cycle: January 1 - March 31

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JanuaryCalendar.png
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Spring Cycle: April 1 - June 30

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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 Winter Cycle 2018

Liaison - student group

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-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

Brittany-Association of Puerto Rican Students

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-MIT Happy Club

Deep-Hillel

Deep-Imobilare

Deep-Japanese Society of Undergraduates

Deep-Karaoke Club

Deep-Korean Students Association

Deep-Kung-Fu Taichi Club

Eva-MIT Rocket Team

Eva-MIT Sporting Clays Association

Eva-MIT Student Juggling Club

Eva-MIT Student Sex-Positive Club

Eva-MIT Taiko Dojo

Eva-MIT the Gathering

Eva-MIT Undergraduate Research Journal

Eva-MIT Women's Initiative

Eva-MIT-Wellesley Toons

Eva-MIT Friends of Israel

Eva-MIT Gospel Choir

Eva-MIT HAPA Club

Julia-Laboratory for Chocolate Science

Julia-Latino Cultural Center (Mes Latino)

Julia-Latinos in Science and Engineering

Julia-Latter-day Saint Student Association

Julia-Leadership Training Institute

Julia-Live Action Mafia

Julia-Logarhythms

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 Bhangra

Julia-MIT BrainTrust

Julia-MIT Caving Club

Julia-MIT Centrifugues

Julia-MIT Chinese Students Club

Julia-MIT Association of Taiwanese Students

Kailey-Stop Our Silence

Kailey-Student Cable

Kailey-The Chorallaries of MIT

Kailey-Vietnamese Student Association

Kailey-Syncopasian

Kailey-TechSec

Kailey-The Forum

Kailey-Video Game Orchestra, MIT

Kailey-VOO DOO MAGAZINE

Kailey-Women in Aerospace Engineering

Kailey-Wuming Theater Club

Kailey-MIT Fixation

Kailey-MIT Laboratory for Chocolate Science

Kailey-MIT League of Legends Club

Kathleen-Camp Kesem at MIT

Kathleen-Caribbean Club

Kathleen-Chess Club

Kathleen-CHILE DESIGN & TECHNOLOGY, MIT

Kathleen-China Development Initiative

Kathleen-Christians on Campus

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-Concert Band

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-SEDS

Marla-Shakespeare Ensemble

Marla-SHINE For Girls

Marla-Solar Electric Vehicle Team

Marla-South Asian Association of Students

Marla-Southeast Asian Service Leadership Network

Marla-Spinning Arts Club

Marla-Stammtisch

Marla-StartLabs

Zach-PaksMIT

Zach-Palestine@MIT

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