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        <PersonNm>Fred Headon</PersonNm>
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        <PersonNm>Paul Maarika</PersonNm>
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        <FundraisingAmt>301929</FundraisingAmt>
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        <FormAndLineReferenceDesc>Part IV, line 1a</FormAndLineReferenceDesc>
        <ExplanationTxt>The University maintains bank accounts that hold monies belonging to external entities with a direct or indirect relationship to the University such as student associations fundraising organizations like Friends of McGill and conference or seminar registration fees where profits are to be remitted to a third party. In addition certain endowments are held in trust by the University-the principal and any income earned on investments are not at the Universitys disposal. These amounts are excluded from the financial statements to present an accurate picture of the Universitys financial operations and performance.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part V, line 4</FormAndLineReferenceDesc>
        <ExplanationTxt>Endowments are primarily used to fund scholarships bursaries fellowships and other student awards which account for 39% of the total. The second largest allocation supports the teaching function within various departments and faculties representing 27% of the total. Related to faculty operations endowed chairs make up 20% of the total. Only 9% of endowments are specifically directed toward research. The remaining 5% are designated for specific purposes such as maintenance replenishment of library collections and student services.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I</FormAndLineReferenceDesc>
        <ExplanationTxt>| PartandLinenumber:,Explanation:| Part1Line3,https: www.mcgill.ca secretariat files secretariat policy_on_harassment_and_discrimination.pdf N.B. McGill University does not collect information on the race or ethnicity of its students during the admission or registration process or at any other systematic point in the student lifecycle except in the case of Indigenous students. Indigenous students are asked to self-identify and provide supporting documentation in order to be eligible for government assistance.| Part1Line4,McGill University does not systematically collect information about race from its applicants staff or students as it is not mandatory to disclose.| Part1Line6,McGill University receives financial aid funding for students from the provincial government.|</ExplanationTxt>
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        <ExplanationTxt>Currently there is an informal process.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part VI, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>The university relies on employees personal integrity to disclose any conflicts of interest as soon as they are aware of such a situation. The employee is required to make a written disclosure to his her Reporting Officer and in the context of research to the Universitys Research Ethics Board. The facts depending of the situation may include the following: i Persons likely to benefit from the conflict of interest ii Persons whose interest may be adversely affected from the conflict of interest iii the nature and the value of any advantage or benefit monetary or other direct or indirect iv any existing financial interest the related party may have in the person involved in the conflict of interest situation v the relationship between or among the persons involved The Reporting Officer reviews the individuals disclosure to determine if indeed there is a conflict of interest and how it should be addressed. Should a person knowingly fail to comply with the regulations disciplinary action under the law collective agreement or university policy - whichever applies - will be taken. The actions can be written reprimands suspensions dismissal and even legal action depending on the seriousness of the situation.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Part VI, Line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>Whenever a position becomes available advisory committees are convened comprising representative members from various bodies in the university - the Board of Governors the Senate the Alumni Association the Undergraduate and Graduate Student body and the academic administrative and support staff. These committees are responsible for proposing candidates which they have vetted and consider most appropriate.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>All documentation re: Governance conflict of interest and financial statements are available publicly at www.mcgill.ca.</ExplanationTxt>
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        <ExplanationTxt>| Description:, Explanation:, Amount:| Total Foreign Exchange variance loss is $41,364,484. Other adjustments such as endowment contributions of $32,080,440 pension and post-employment re-measurement loss of $3,476,570 Non-Cash Contributions $12,680,738 foreign exchange rate discrepancy for retained earnings evaluation of $151,143 and gain of $72,855,772 in change of net assets flow directly through net assets. Net adjustment is an increase of $47,565,563., Total Foreign Exchange variance loss and other adjustments., $47565563|</ExplanationTxt>
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