Endowment Fund

Endowment Fund

 Frequently Asked Questions (FAQs):

Q:  What is “Endowment Fund”?

A:  “Endowment Fund” is a fund that is created to collect donations, contributions, grants and gifts etc.

Q:  How does it work?

A:  An endowment fund is an investment fund set up by an institution in which principal amount is kept intact and only the income generated by it is utilized for various purposes; such as:

a.       Research Activities

b.      Scholarships

Q:  Is it approved from any university’ body /forum?

A:  Yes, The university’s apex body i.e. Board of Governors (BoG) has approved the Endowment fund. The BoG, further approved the contribution of Rs. 1,000/- and USD 10/- from students w.e.f. spring-16, onward.

Q:  Is it refundable?

A:  The contribution towards endowment fund is non-refundable.

Q:  Would Endowment fund contributions only be collected from students?

A:  The contributions towards endowment fund will be made by the University, its students,     alumni and other donors.

Q:  How much amount will each student contribute towards endowment fund?

A:  The contributions will be made by the students once, as follows:

a.       For Local Students:                  Rs. 1,000/-

b.      For Overseas Students: USD 10/-

Q:  When will the endowment fund take effect?

A:  The contribution to that fund shall be applicable w.e.f. Spring -2016 to all existing and newly admitted students.

Q:  Is it mandatory?

A:  Yes, it is mandatory.

Q:  Is it applicable to all students?

A:  It is applicable to all students of degree programs only.

Q:  Will I need to contribute in endowment fund every month, every semester or every year?

A:  No, you will have to contribute once, only.