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Summary and Preamble
The Task Force recommends the creation of a CMS Endowment Grants Committee (EGC) as a standing committee of the CMS to administer the distribution of some portion1 of the endowment fund income on an annual basis. In general, we support the funding of proposals which contribute to the broader good of the mathematical community as defined in the CMS purpose statements, especially if CMS funds can be leveraged, and we favour funding many smaller projects rather than few bigger projects.
If the CMS does adopt this model or some variant, we recommend that a review of the EGC and its mandate take place after three years. We further recommend that the Board delegate to the EGC committee the authority to make final decisions on funding and provide an annual report to the Board.
