The Associated Alumnae Council is made up of women graduates and former women students of the university. Founded in 1910 and incorporated in 1919, the association's goal is to promote – directly and indirectly – the educational and financial interests of the university, especially those related to the women graduates and undergraduates of the university.
The Associated Alumnae furnished and equipped UNB's first residence for women, the Maggie Jean Chestnut House, generously donated to the Alumnae by Lord Beaverbrook.
In May 1952, this residence was transferred to the university. The Alumnae Memorial Library, located in Lady Dunn Hall, and libraries in other residences for women students, were established and are maintained by the association.
The Associated Alumnae annually awards several scholarships to current students, including: an Entrance Scholarship in Education named in honour of Muriel Farris Baird; the Zula V. Hallett Scholarship; the Marion Fleet Rogers Scholarship; Alumnae award for part-time students and travel grants to graduate students.
The total annual value of all scholarships provided exceeds $18,000. Two prizes – the Dorothy Elson Prize and the Agnes Grey Wilson Prize – are also donated by the Associated Alumnae.