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UVCE SCHOLARSHIP PROGRAM 2014-15

FUNDRAISING EFFORTS IN INDIA AND USA

We are extremely encouraged that the response for this program has been incredible with many alumni pledging their support. It has been especially gratifying that alumni in the US came forward in a fund raiser event in July 2013 to contribute over $ 11,000 —a success that would not have been possible without the generosity of our alumni community. Alumni in India have similarly contributed generously to help raise almost 7 lakhs in 2013.







In order to have perpetuity in the program, we believe that there is a need to create an endowment fund, where the principal remains intact and the scholarships are met from the interest generated. However, to have a long term as well as immediate impact, the fund is structured such that it is part expendable and part endowed. We have the goal of setting up an endowment of $250,000 within the next two years.