The Sheaf is a student-run newspaper serving the University of Saskatchewan in Saskatoon, Saskatchewan since 1912. A new issue comes out every Thursday with approximately 3,000 copies per issue. The Sheaf is a student-run non-profit organization. It receives part of its operating budget from U of S students in the form of a direct-levy; the remainder of the revenue is generated through advertising. The financial affairs are governed by a Board of Directors, most of whom are students.