Mr. Seamus McCarthy:

Generally, from donations.

The colleges pay the administration costs by giving a grant to the foundation but the foundation's activity is geared towards raising money for capital projects. We have encouraged the universities to disclose in their financial statements the level of funding they are transferring to the foundations. On occasion we have drawn attention to cases where the administration costs of the foundations were being borne by the college but there is no corresponding significant donation stream coming in.