General Endowment Fund


PKR 10

Raised by 1 supporter(s)

Goal: PKR 10,000,000

Open

My contribution amount
Donate
Safe and Secure Payment
Safe and Secure

PKR 1 minimum contribution

Endowments represent financial assets donated, to be invested to grow the principal and provide additional income for future investments.


Karachi Karachi, Pakistan
Image

IBA

Karachi, Pakistan
 

 

This fund consists of all specified and non-specified allocations to the Endowment Fund for the setting up of endowed chairs. The amounts from different donors are pooled and invested after aggregation in order to earn better returns but separate individual ledger accounts are maintained for each donor to provide full transparency. The endowment fund is administered by Friends of IBA Trust (FIBAT). Quarterly reports are produced and disseminated widely including the website and portal of the IBA. Individual statement of accounts for each donor is also prepared at a mutually agreed interval. Audit of the endowment fund is carried out annually by a reputable firm of chartered accountants.

Audit of the endowment fund is carried out annually by a reputable firm of chartered accountants.

 

No updates yet!

Syed Asad Zaffar
Syed Asad Zaffar
Anonymous
PKR 10  Contribution
Via Campaign

0 Comments

Comment Form





 

No campaigns yet!