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== Administration == The university operates under a bicameral system of a board of governors and a senate, as legislated by the University of Waterloo Act, 1972.<ref>{{cite web|url=https://uwaterloo.ca/secretariat/governance|title=Governance|publisher=University of Waterloo|access-date=2 August 2012|date=7 May 2012}}</ref> The Board of Governors has responsibility for the university's properties, affairs, and income.<ref>{{cite web|url=https://uwaterloo.ca/secretariat/governance/university-waterloo-act#power|title=Powers of the Board of Governors|work=University of Waterloo Act, 1972|publisher=University of Waterloo|access-date=2 August 2012|date=7 May 2012|archive-date=5 August 2012|archive-url=https://web.archive.org/web/20120805155602/http://uwaterloo.ca/secretariat/governance/university-waterloo-act#power|url-status=dead}}</ref> The University of Waterloo Act calls for only 36 members, each of whom must hold Canadian citizenship. However, the number of members in the board for the 2013β2014 academic year is 40.<ref name="bocur">{{cite web|url=https://uwaterloo.ca/secretariat-general-counsel/governance/board-governors/board-governors-may-1-2012-april-30-2013|title=Board of Governors, 1 May 2013 β 30 April 2014|publisher=University of Waterloo|access-date=17 March 2012|archive-url=https://web.archive.org/web/20140325163102/http://uwaterloo.ca/secretariat-general-counsel/governance/board-governors/board-governors-may-1-2012-april-30-2013|archive-date=25 March 2014|url-status=dead}}</ref><ref name="bordoc">{{cite web|url=https://uwaterloo.ca/secretariat/governance/university-waterloo-act#board|title=Composition of Board of Governors|work=University of Waterloo Act, 1972|publisher=University of Waterloo|access-date=2 August 2012|date=7 May 2012|archive-date=5 August 2012|archive-url=https://web.archive.org/web/20120805155602/http://uwaterloo.ca/secretariat/governance/university-waterloo-act#board|url-status=dead}}</ref> The Board has five ''ex officio'' members, including the university's chancellor and president, and the mayors of Kitchener and [[List of mayors of Waterloo, Ontario|Waterloo]].<ref name="bocur" /> The other 32 members of the board are either elected or appointed by the various members of the university community, including alumni, faculty, and student body.<ref name="bordoc" /> The senate establishes the educational policies of the university and makes recommendations to the board of governors in the management of the institution.<ref>{{cite web|url=https://uwaterloo.ca/secretariat/governance/university-waterloo-act#Powers-of-the-Senate|title=Powers of the Senate|work=University of Waterloo Act, 1972|publisher=University of Waterloo|access-date=2 August 2012|date=7 May 2012|archive-date=5 August 2012|archive-url=https://web.archive.org/web/20120805155602/http://uwaterloo.ca/secretariat/governance/university-waterloo-act#Powers-of-the-Senate|url-status=dead}}</ref> The senate has 24 ''ex officio'' positions, including the university's president and chancellor, the vice-presidents, the senior dean of each faculty, the presidents of the undergraduate, graduate, and faculty associations, and the presidents and principals of the university's associated colleges. The senate's 61 other members are appointed or elected by various communities of the university including the faculty of the university, its associated colleges, the student body, and alumni.<ref>{{cite web|url=https://uwaterloo.ca/secretariat/governance/senate/senate-membership|title=Senate β membership|publisher=University of Waterloo|access-date=5 January 2014|date=8 May 2012|archive-date=6 January 2014|archive-url=https://web.archive.org/web/20140106043022/https://uwaterloo.ca/secretariat/governance/senate/senate-membership|url-status=dead}}</ref> The president, appointed by the board of governors, acts as the university's chief executive officer with the senate's approval, administers the affairs of the university, and acts on behalf of the board with respect to the operational management and control of the university. The president is the chair of the senate and a member of the board.<ref>{{cite web|url=https://uwaterloo.ca/president/about-office-president|title=About the Office of the President|publisher=University of Waterloo|access-date=2 August 2012|date=7 February 2012|archive-date=5 August 2012|archive-url=https://web.archive.org/web/20120805162836/http://uwaterloo.ca/president/about-office-president|url-status=dead}}</ref> The president also holds the position of vice-chancellor, assuming the duties of the chancellor during his absences or a temporary vacancy in the office.<ref name="chanc">{{cite web|url=https://uwaterloo.ca/secretariat/governance/university-waterloo-act#chancellor|title=Chancellor|work=University of Waterloo Act, 1972|publisher=University of Waterloo|access-date=2 August 2012|date=7 May 2012|archive-date=5 August 2012|archive-url=https://web.archive.org/web/20120805155602/http://uwaterloo.ca/secretariat/governance/university-waterloo-act#chancellor|url-status=dead}}</ref> The chancellor is elected by the members of the senate for a three-year term, although eligible for renewal. The chancellor's primary duty is to preside at all convocations and present candidates for [[honorary degree]]s to the senate.<ref name="chanc" /> [[Jagdeep Singh Bachher]] has been the chancellor since 1 July 2024.<ref>{{Cite web |date=2023-10-24 |title=Waterloo names triple alum Dr. Jagdeep Singh Bachher as chancellor |url=https://uwaterloo.ca/news/waterloo-names-dr-jagdeep-singh-bachher-chancellor |access-date=2024-09-10 |website=Waterloo News |language=en}}</ref> He succeeded [[Dominic Barton]], who held the position since 27 October 2018.<ref>{{Cite web |title=MSE Alum named Chancellor of University of Waterloo {{!}} Management Science and Engineering |url=https://uwaterloo.ca/management-science-engineering/news/mse-alum-named-chancellor-university-waterloo |access-date=2024-09-10 |website=uwaterloo.ca |language=en}}</ref> In March 2011, [[Feridun Hamdullahpur]] was announced as the sixth president of the university, having been interim president since October 2010.<ref>{{cite web|url=http://www.therecord.com/news/local/article/499569--hamdullahpur-named-university-of-waterloo-president|archive-url=https://archive.today/20130411225427/http://www.therecord.com/news/local/article/499569--hamdullahpur-named-university-of-waterloo-president|url-status=dead|archive-date=11 April 2013|title=Hamdullahpur named University of Waterloo president|work=The Record|publisher=Metroland Media Group Ltd.|date=11 March 2011|access-date=2 August 2012|last1=D'Amato|first1=Luisa|last2=Pender|first2=Terry}}</ref> On November 17, 2020, [[Vivek Goel]] was announced as the seventh president of the university. His five-year term began on July 1, 2021.<ref>{{cite web |title=Vivek Goel named president and vice-chancellor of the University of Waterloo |url=https://uwaterloo.ca/stories/president-designate/vivek-goel-named-president-and-vice-chancellor |website=University of Waterloo |date=17 November 2020 |access-date=18 November 2020}}</ref> === Affiliated institutions === [[File:RenisonCollegeOpening1959.jpg|upright|thumb|Opening of [[Renison University College]] in 1959. The university college is one of three [[affiliated college|affiliated institutions]] of the University of Waterloo]] The university also includes three semi-autonomous affiliated colleges and a federated university. [[Conrad Grebel University College]] is a [[Mennonites|Mennonite]] [[university college]] that was chartered in 1961 and is religiously affiliated with the [[Mennonite Church Canada|Mennonite Church Eastern Canada]].<ref name="CGUC">{{cite web|url=https://uwaterloo.ca/grebel/about-conrad-grebel/relationship-waterlool|title=Relationship with Waterloo β Conrad Grebel University College|access-date=5 January 2014|publisher=University of Waterloo}}{{Dead link|date=July 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> [[Renison University College]] is an Anglican university college chartered in 1959; it entered an affiliation with the University of Waterloo in 1960<ref>{{cite web|url=https://uwaterloo.ca/renison/about-renison-university-college/history|title=History of Renison|publisher=Renison University College|access-date=16 August 2012|date=27 March 2012}}</ref> and is religiously affiliated with the [[Anglican Church of Canada]].<ref>{{cite web|url=https://uwaterloo.ca/renison/residence/first-year-student-information|title=First year student information|publisher=Renison University College|access-date=16 August 2012|archive-url=https://web.archive.org/web/20120805214804/http://uwaterloo.ca/renison/residence/first-year-student-information|archive-date=5 August 2012|url-status=dead}}</ref> [[St. Jerome's University]] is a [[Roman Catholic]] university, founded in 1865, which entered into a federation with the University of Waterloo shortly after the provincial government granted it university status in 1959.<ref name="SJU">{{cite web|url=http://www.sju.ca/about-sju/discover-sju/relation-university-waterloo|title=Relation with University of Waterloo|publisher=St. Jerome's University|access-date=29 July 2013|archive-url=https://web.archive.org/web/20130301041224/http://www.sju.ca/about-sju/discover-sju/relation-university-waterloo|archive-date=1 March 2013|url-status=dead}}</ref> [[United College, Waterloo|United College]] is a university college founded by members of the [[United Church of Canada]] in 1962. However, United now operates independently from the United Church, without any formal or legal relationship.<ref name="SPUC">{{cite web|url=https://uwaterloo.ca/stpauls/about-st-pauls-university-college|title=About St. Paul's University College|publisher=St. Paul's University College|access-date=16 August 2012|date=30 May 2012|archive-date=5 August 2012|archive-url=https://web.archive.org/web/20120805201120/http://uwaterloo.ca/stpauls/about-st-pauls-university-college|url-status=dead}}</ref> The three colleges and federated university are all within the University of Waterloo's main campus and operate their own residences.<ref name="CGUC" /><ref name="SJU" /><ref name="SPUC" /><ref name="RENFQ">{{cite web|url=https://uwaterloo.ca/renison/prospective-students/frequently-asked-questions#degree|title=Frequently Asked Questions β Renison University College|publisher=University of Waterloo|access-date=5 January 2014|archive-url=https://web.archive.org/web/20140106034251/https://uwaterloo.ca/renison/prospective-students/frequently-asked-questions#degree|archive-date=6 January 2014|url-status=dead}}</ref> Students of these affiliated colleges and federated university are also academically integrated with the University of Waterloo. Students who study at any of them are also considered registered students of the University of Waterloo; with students from the federated universities able to enrol in classes and faculties, and graduate as a student from the University of Waterloo.<ref name="CGUC" /><ref name="SJU" /><ref name="SPUC" /><ref name="RENFQ" /> Regardless of the affiliated colleges and federated university's religious affiliations, enrolment is not restricted based on the student's religious beliefs.<ref>{{cite web|url=http://www.sju.ca/future-students/admissions|title=Admission β SJU|publisher=St. Jerome's University|access-date=29 July 2013}}</ref><ref>{{cite web|url=https://uwaterloo.ca/grebel/future-students/frequently-asked-questions#|title=I am not Mennonite. Can I live at Grebel?|work=Frequently asked questions|publisher=Conrad Grebel University College|access-date=16 August 2012|date=16 February 2012}}</ref><ref>{{cite web|url=https://uwaterloo.ca/renison/prospective-students/frequently-asked-questions#anglican|title=Frequently asked questions|publisher=Renison University College|access-date=16 August 2012|archive-url=https://web.archive.org/web/20120805230737/http://uwaterloo.ca/renison/prospective-students/frequently-asked-questions#anglican|archive-date=5 August 2012|url-status=dead}}</ref> === Finances === The university completed the 2014β2015 academic year with revenues of $936.240 million and expenses of $906.730 million, yielding a surplus of $29.510 million.<ref name="UWFin">{{cite web|title=University of Waterloo Financial Statements|url=https://uwaterloo.ca/finance/sites/ca.finance/files/uploads/files/april_30_2015_financial_statements_2.pdf|date=30 April 2015|publisher=University of Waterloo|access-date=13 December 2015|archive-date=22 December 2015|archive-url=https://web.archive.org/web/20151222103700/https://uwaterloo.ca/finance/sites/ca.finance/files/uploads/files/april_30_2015_financial_statements_2.pdf|url-status=dead}}</ref> Grants and contracts make up the largest source of revenue for the university, totaling $392.357 million, followed by academic fees at $357.889 million. Salaries make up nearly half of the university's expenses, at $439.973 million.<ref name="UWFin" /> As of 30 April 2015, the university's endowment is valued at $335.731 million.<ref name="UWFin" />
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