A University of British Columbia group at the centre of a sexist chant that glorified the abuse of underage girls has pledged to donate $250,000 towards sexual abuse and violence counselling services.

UBC said Wednesday that the Commerce Undergraduate Society will make the voluntary donation over a three-year-period, as just one of the "comprehensive" measures implemented to address the recent controversy.

"After serious consideration, we believe it is essential that the CUS and all frosh leaders make tangible amends," UBC president and vice-chancellor Stephen Troope said in a statement.

Earlier this month, lyrics of the chant, which was used to rally first-year Sauder School of Business students during frosh week, were tweeted by a student and later came to the attention of UBC's campus newspaper, The Ubyssey.

The chant reportedly included the phrases: "Y-O-U-N-G at UBC, we like 'em young," "Y is for your sister," "N is for no consent," and "G is for go to jail."

The university said CUS leaders will be held accountable because they did nothing to stop the offensive chant heard by most first-year business students.

Additional funding for the professional counselling support services will be provided by UBC.

The announcement comes the same day the university released a report into the frosh week incident.

Following news of the sexist chant, a four-member fact-finding team interviewed 62 students and four staff members over three days to compile a report on the incident.

"Some leaders described the purpose of the bus cheers to take people out of their comfort zone and bring them together, and saw them as exclusive to Sauder," the report said.

One student was quoted saying the bus cheer was a way to loosen students up.

"On some level, all the leaders understood these cheers were inappropriate and offensive and this is why they kept them on the bus," the report said. "However, most leaders we interviewed did not think about the meaning of the words or realize the harm they could cause until the chant was made public by the media."

The offensive cheer is similar to one that prompted an uproar after it was used at Saint Mary's University in Halifax.

Student executives at both campuses have since resigned in connection with the incident.

With files from The Canadian Press