Endowment fund

Summary

The requester asked for financial details regarding an endowment fund for Open University students over the past two years. The Department of Education, Sport and Culture disclosed the specific amounts received and paid out for the Vera Callister Fund for the 2020/2021 and 2021/2022 academic years.

Key Facts

• The request was clarified to refer to the Vera Callister Fund used for Open University students.
• The Department confirmed it holds only one applicable fund for this purpose.
• Financial data was provided for the 2020/2021 and 2021/2022 periods.
• The fund received significantly less money than it paid out in both years.
• The request was formally closed on 22 June 2022.

Data Disclosed

• 2022-05-25
• 2022-06-24
• 2020/2021
• 2021/22
• £74.06
• £2,969.88
• £53.27
• £1,926.52
• 2472509

Original Request

I would like to know how much money has been paid into and withdrawn from the endowment fund within the past 2 years.

Data Tables (2)

Data Tables (reformatted)

Full Response Text

Policy, Strategy and Governance Division Department of Education, Sport and Culture Thie Slieau Whallian Foxdale Road, St John’s Isle of Man IM4 3AS Telephone: (01624) 685808 Website: www.gov.im/dec Email: dec@foi.gov.im Our ref: 2472509 22nd June 2022

Dear ###,

We write further to your request which was received on 25 May 2022 and which states:

"I would like to know how much money has been paid into and withdrawn from the endowment fund within the past 2 years." On 26th May 2022 we asked you to clarify which endowment fund your request refers to. On 26 May 2022 you confirmed your request refers to “the education fund that would be used for those studying through the Open University”

Our response to your request is as follows: I have detailed below the information that is being released to you. The Department has one fund that may be applicable to assist students who are studying through the Open University. The requested details of which are as follows: Vera Callister Fund: 2020/2021 Received: £74.06 Paid out: £2,969.88 2021/22 Received: £53.27 Paid out: £1,926.52 Please quote the reference number 2472509 in any future communications.

Your right to request a review

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An electronic version of our complaint form can be found by going to our website at https://services.gov.im/freedom-of-information/Review . If you would like a paper version of our complaint form to be sent to you by post, please contact me and I will be happy to arrange for this. Your review request should explain why you are dissatisfied with this response, and should be made as soon as practicable. We will respond as soon as the review has been concluded. If you are not satisfied with the result of the review, you then have the right to appeal to the Information Commissioner for a decision on; 1. Whether we have responded to your request for information in accordance with Part 2 of the Freedom of Information Act 2015; or 2. Whether we are justified in refusing to give you the information requested.
In response to an application for review, the Information Commissioner may, at any time, attempt to resolve a matter by negotiation, conciliation, mediation or another form of alternative dispute resolution and will have regard to any outcome of this in making any subsequent decision. More detailed information on your right to a review can be found on the Information Commissioner’s website at www.inforights.im. Should you have any queries concerning this letter, please do not hesitate to contact me. Further information about freedom of information requests can be found at www.gov.im/foi.

I will now close your request as of this date.