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The Finance Division is responsible for the University's financial policies and accounting procedures: whereas, the Development and Alumni Relations (CUDAR) is responsible for the policy on the solicitation, acceptance and stewardship of philanthropic donations. It acts as both the specialist department of the University responsible for donations to the University, and as the operational arm of the Cambridge Foundation.

The Cambridge Foundation was established in 1989 as a separate charity to provide grants, loans and other assistance to the University with the object of promoting, assisting and furthering education, learning and research in the University. It is governed by trustees drawn from both the University and externally.

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