Dr. James Browne:

This will take a few moments to explain but I am happy to do it. The foundation talks to the university. I encourage my colleagues in the foundation, such as the chief executive officer, to speak directly to the deans of the colleges, the heads of the research units, the registrar's office and colleagues across the institution and get a sense of what the university needs. They must recognise that philanthropy is most successful when donors are offered opportunities to engage with the university in areas which are of interest to them personally and, very importantly, are at the margin of excellence. That process is constantly engaged in. The chief executive of the foundation gets a sense of what the university needs. A meeting with the management team is then organised by my office and we work through a set of projects which I and the accounting team believe are in the interests of the university. He then creates a basket of opportunities and solicits funds with his colleagues for those projects.