About Endowment Fund trust (EFT)
A university is as good as its
resources, as an autonomous institution, GCU has to generate its
own resources to carry on and improve the quality of education,
research work and other services. The demand for resources
increased manifolds, since Government College Lahore became a
University in 2002. Funds are needed to meet the academic
expenses of the deserving students and to build new blocks and
laboratories and restore old buildings of historic value.
Universities all over the world seek financial support from
philanthropists and their alumni to acquire a strong resource
base. GCU too, looks up to its students, past and present, to
help in building up the Endowment Fund.
It is a basic principle of the
Endowment Fund that the donated amount is never spent, only the
income earned on investments is used. It allows donors to
transfer their private earnings to public purposes, with the
assurance that their financial support will serve the noble and
constructive purposes as long as the instruction continues to
Various permanent scholarships have
been initiated by the Trust with the financial support of the
donors. The most deserving students of GCU who also have good
academic record can apply for these scholarships at the
beginning of every academic session. After scrutiny of documents
and interviews of the applicants, these scholarships will be
given only for one year. The 'Golden Scholarship' will cover
university fee and hostel expenses of the selected student,
however, 'Silver Scholarship' will cover only university fee of
the selected student.
Name of every donor with his/her donation is recorded and shown
on the 'donor's scroll' on the website of the Trust. Donation of
any amount to the trust is welcomed, however for the 'Golden
Scholarship' and 'Silver Scholarship', a donor has to give Rs.
1,000,000 and Rs. 500,000 respectively. These permanent
scholarships are initiated after the names of donors and be
awarded every year.