Notes to the financial statements

Notes on funds

Within the University Fund Foundation, the financial resources received and disbursed are managed through a number of separate funds. The finances for each individual fund in 2021 are set out briefly below. Most of the financial resources have been earmarked in a special-purpose reserve for each fund. The remainder is part of the general reserve.

Full details of the objectives and impact of the individual funds can be found elsewhere in this annual report.

Tilburg University Annual Fund

Donations amounting to €151,092 were collected in this fund in 2021 by means of phone campaigns and ongoing telephone fundraising. This includes the portion of multi-year donations from previous phone campaigns received in 2021. An amount of €101,285 was disbursed to projects and scholarship students in 2021. Not all incoming donations have therefore been disbursed. This is because no project application round took place in 2021. An application round will take place again in 2022.

Have a Seat

Donations totaling €16,289 were received in 2021. €16,000 was disbursed in the form of top-level sports scholarships and one regular alumni scholarship for Tilburg University students.

Mariënburg Campus named fund

A total of €24,000 was disbursed from this named fund in the form of three scholarships in 2021. Due to Covid-19, fewer scholarship students came to the Netherlands, which led to an underspend. Spending is expected to pick up again in 2022.

Women of Bethany named fund

No distributions had yet been made from this named fund in 2021. The activities financed from this fund can start once the endowed chair has been filled, which will happen in 2022.

Major Giving Non-Earmarked

In 2021, a total of €107,000 was donated to Major Giving projects but not earmarked. These donations and non-earmarked donations from previous years were used during the year to finance a number of Major Giving projects. These projects are listed below.

Major Giving Student Scholarships

Donations totaling €47,500 were received for scholarship students in 2021. Of this amount, €13,268 was disbursed on one student scholarship in 2021.

Major Giving Pre-Bachelor’s Program for Refugees

Donations totaling €17,850 were received in 2021. A total of €10,000 was disbursed to support the Pre-Bachelor’s Program.

Major Giving Data Science

Donations totaling €2,500 were received in 2021. No disbursements were made from this fund in 2021.

Major Giving Zero Hunger Lab

Donations totaling €3,171 were received for the Zero Hunger Lab in 2021. A total of €2,500 was disbursed to support the Zero Hunger Lab in 2021.

Major Giving Social Start-ups

The Social Start-up Fund was established to support new entrepreneurs (students and employees). This project began in 2021.

Donations amounting to €9,000 were received for the Social Start-up Fund in 2021. This money was used to provide €5,000 of support from this fund for the first project.

Major Giving Outreaching Honors Program

This program received €11,170 in donations in 2021. A total of €101,381 was disbursed to support the program in 2021. The reserve accrued in the University Fund will be used to fund the program in 2021 and subsequent years.

Professor Cobbenhagen Foundation Fund

The Tilburg University Fund Foundation received a donation of €73,310 from the Professor Cobbenhagen Foundation in 2021. This fund is used to finance wide-ranging alumni activities by Tilburg University's Development & Alumni Relations. No disbursements were made in 2021 because the Cobbenhagen Lecture did not take place due to Covid restrictions.

The reserve accrued in this Fund will be disbursed in the years ahead.

Professors for Development

Donations amounting to €225 were received in 2021. No disbursements were made in 2021. Here too, Covid-19 is currently making it difficult to spend resources.

Tilburg Africa Student & Knowledge Exchange Program

No donations were received and no disbursements were made in 2021. Here too, Covid-19 is currently making it difficult to spend resources.

Other projects

In 2016, a number of residual items were combined into a fund for miscellaneous projects. This fund has since been used for donations not linked to a specific program or project. These funds are used for short-term and ad hoc projects.

A number of small donations were received totaling €2,120 in 2021.

Four small projects were financed from this fund in 2021. These were a Hackathon, a Moot Court, and a contribution to the costs of the United Nations conference in which students participate. €3,000 was also disbursed to develop an app helping businesses to understand the coronavirus measures.