A university is as good as its resources. As an autonomous institution, GCU has to generate its own resources to carry on the quality of education, research work and other services. The demand for resources increased, since Government College Lahore became a University in 2002. It is a fact that a large number of students, studying here belong to marginalized families hence unable to pay their academic expenses. So, funds are needed to help them for their academic expenses. Similarly, to build new campus at Kala Shah Kaku and preserve buildings of historic value at the old campus. Universities all over the world seek financial support from philanthropists and their alumni to acquire a strong resource based. GCU too, look up to its students, past and present, to help in building up the Endowment Fund.
The basic principle of any Endowment Fund is that the donated amount is never spent. Only the income earned on its investments is used. it encourages donors to transfer their funds to public purposes, with the assurance that their donations will be used for the noble and constructive cause, i.e., spread of education.
Dr. M. Masood Akbar (USA), HBL Foundation (Karachi), Mr. Khawar Masud Butt (English Biscuits), Mr. Gurvinder Singh Aujla (USA), Mr. Iqbal Z. Ahmed (Chairman Associate Group), Dr. Iqbal Ahmad Choudhry & Mrs. Vicky Lynne Choudhry (USA), Dr. Muhammad Tayyab Safdar (USA), Mr. Imran Ul Ikram (KSA), Mr. Hassan Malik (MPA-PP-81) are prominent donors during year 2024-2025.
It is hearting to mention that various permanent scholarships have been initiated by the Trust with the financial support of such donors. The deserving and needy students of GCU who also have good academic record can apply for these scholarships at the beginning of academic year. After scrutiny of documents and interviews of the applicants, these scholarships are granted for one year. If the beneficiary student performs good in academics, the scholarship is renewed for next year also. It is pertinent to mention that ‘Golden Scholarship’ covers university fee and hostel expenses (approximately Rs. 96,000) of the selected student, however ‘Silver Scholarship’ takes off the burden of university fee (Rs. 42,000). 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 ‘Golden Scholarship’ and ‘Silver Scholarship’ a donor has to give rupees one Million (Rs. 1,000,000) and rupees Five Hundred Thousand (500,000) respectively. These permanent scholarships are initiated after the names of donors and awarded every year. In 2024-25, the trust gave financial aid sum of Rs. 67.954 million to 1226 deserving students amounting from Rs. 10,000/- to Rs. 96,000/-.
The office of the trust is situated in the campus, and Vice Chancellor is its ex-officio Chairman. Eminent businessman and Old Ravian Mr. Iqbal Z. Ahmed, Mian Misbah Ur Rehman (Philanthropist, eminent businessman and Former President LCCI), Dr. Parvez Hassan (distinguished lawyer & environmentalist), Mr. Nasir Ali Choudhary (Old Ravian elected leader and a businessman), Prof, Dr. Babar Aziz (Dean Faculty of Arts & Social Sciences, GC University, Lahore), and Prof. Dr. Hussain Ahmed Khan (Director, Institute of Historical & Global Studies, GC University, Lahore) are the members of the Board of Trustees. Eminent businessman and Old Ravian Mr. Iqbal Z. Ahmed is also President of the Executive Committee, and Mr. Muhammad Sarwar Khan, Treasurer, is Secretary of the Trust & Executive Committee. However, Mian Misbah Ur Rehman (Philanthropist, eminent businessman and Former President LCCI), Dr. Parvez Hassan (distinguished lawyer & environmentalist), Mr. Shahid Hafeez Kardar (Economist and Former Finance Minister Punjab & Former Governor, State Bank of Pakistan), Mr. Sikandar Mustafa Khan (Chairman Millat Tractors Ltd), Prof, Dr. Babar Aziz (Dean Faculty of Arts & Social Sciences, GC University, Lahore) are members of the Executive Committee.
Zakat & charity is admissible for the trust.
