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What is 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
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.