Endowment Fund
Frequently Asked Questions (FAQs):
Q: What is the “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 the 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 by any university’s a 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 to the endowment fund is non-refundable.
Q: Would Endowment fund contributions only be collected from students?
A: The contributions towards the endowment fund will be made by the University, its students, alumni, and other donors.
Q: How much amount will each student contribute towards the 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 to the endowment fund every month, every semester, or every year?
A: No, you will have to contribute once, only.
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