Endowment Fund Frequently Asked Questions (FAQs)

Endowment Fund Frequently Asked Questions (FAQs):

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.