The SU Strategic Fund focuses on initiatives that are directly aligned with the vision, mission and core strategic themes of the University, as contained in Vision 2040 and the Strategic Framework 2019–2024. Funds are allocated in respect of the six core strategic themes of the University and the associated institutional goals.

The Division for Institutional Strategy, Research and Analytics houses both the secretariat and process manager for the Fund and therefore takes responsibility for its management, administration and provision of support to stakeholders and applicants. In this way the division assists the University's management in aligning strategic funding with the University's strategic goals.