The Waterloo Engineering Endowment Fund (WEEF) is a student run initiative that started in 1990 by two Waterloo Engineering students who wanted to improve the quality of their education. The invested fund is currently over $10,000,000 and the interest gathered every term, about $60,000, is distributed by the WEEF Class Reps to undergraduate lab equipment or student initiatives of their choice.
The WEEF Class Reps have the critical role of deciding where WEEF's funding gets allocated. Class Reps typically meet three times a term: twice to hear presentations by those who have requested funding, and a third time to vote on which proposals should be allocated money. Any constitutional or bylaw changes must also be approved by them. As class representatives, they act as liasions between the student body and WEEF, helping to identify student concerns, and ensuring that WEEF funding goes to student-chosen priorities.