follow us on
 
 
 
 
 
         
 
Home > The Commission > Endowment Fund

ENDOWMENT FUND
Endowment Fund
In order to improve the financial health of COMSATS for the success of its international programmes and initiatives, the Prime Minister of Islamic Republic of Pakistan as the Chairperson of COMSATS in 2012, during the 2nd General Meeting of COMSATS held in Islamabad, proposed creation of COMSATS Endowment Fund worth US$ 10.00 million and pledged seed money of US$ 1.00 million as the Government of Pakistan’s contribution to this effect. The proposal was highly appreciated and unanimously endorsed by all the participants of the Meeting. During this meeting, representatives of other Member States also made pledges to contribute towards COMSATS Endowment Fund. COMSATS Secretariat has framed rules for regulations of the Endowment Fund. In formulating the rules, Endowment Act 1890 and Trust Act 1882 of United India, as well as Endowment Fund rules in practice by various developed and developing countries were consulted as guidelines. Two bank accounts, one in US Dollars and the other in Pakistan Rupee (PKR), have also been assigned for the Endowment Fund. COMSATS Secretariat has contributed token amounts of US$ 5,000 and PKR 500,000 to operationalize this Fund.

The draft Rules and Regulations of the COMSATS Endowment Fund were prepared by COMSATS Secretariat in order to complete the legal formalities for establishing the same. Subsequent to the necessary scrutiny, the Rules and Regulations of the COMSATS Endowment Fund were endorsed by the 3rd Meeting of COMSATS Consultative Committee (26th October 2015) and approved by the 3rd General Meeting of COMSATS (27-28 October 2015). Donations are being accepted from COMSATS’ Member States, organizations, and, individual, since the approval of the Rules and Regulations.

 
Go back
 
Untitled Document
Upcoming Events
Upcoming Events
 
Publications
Publications
 
Newsletter
(bi-monthly)
 
Journal
(bi-annual)
 
Annual Report
 
Series of S&T Publications
 
     
Excellence in Science
 
New Publication
 
   
[ Purchase Order ]
 
 
COMSATS' Documents
   
Other Publications
   
 
Activities of COEs
Activities of Centres of Excellence
   
Fostering Solar Technology in the Mediterranean Area Concludes
   
Graduated Nigerian Students Call on the Executive Director COMSATS
   
CIIT holds ESDev-VI
   
Industrial Technology Institute, Sri Lanka, Celebrates its 60th Anniversary
   
 
Newsletter
Important Links
   
Ministry of Environment, Science, Technology and Innovation, Ghana
(Line Ministry for the Office of COMSATS' Chairperson)
   
Ministry of Science and Technology, Pakistan
   
Khwarizmi International Awards
   
ISESCO Centre for Promotion of Scientific Research (ICPSR)
   
SciDev.Net
     
The Academy of Sciences for the Developing World (TWAS)
     
Islamic Educational, Scientific and Cultural Organization (ISESCO)
     
United Nations Educational, Scientific and Cultural Organization (UNESCO)
   
 
 
         
         
Bottom Links
The Commission
 
Introduction
Chairperson of COMSATS
Membership
Mission and Objectives
Organogram
Statutory Bodies
    - General Meeting
    - Consultative Committee
    - The Network
    - The Secretariat
Statutes and Official Documents
    - Statutes
    - Strategy Document
    - Endowment Fund
    - Benefits and Obligations of Joining COMSATS
International Linkages
Memoranda of Understanding
 
Secretariat/
Headquarters
 
The Secretariat
Profile of the Executive Director
Message from the Executive Director
 
Consultative Committee
 
The Consultative Committee
    - Functions of the Committee
    - Members and Liaison Officers
    - Profile of the Chairperson
 
Network of Centres of Excellence
 
The Network
The Coordinating Council
    - Functions of the Council
    - Members and Liaison Officers
    - Profile of the Chairperson
The Technical Advisory Committee
    - Functions of the Committee
    - List of Members
 
Programmes
 
COMSATS' Programmes
COMSATS' Ongoing Projects
Science Diplomacy
International Thematic Research Groups (ITRGs)
National/International Events
Scientific Actvities Sponsorship
Postgraduate Scholarships
Expert Exchange Programme
Distinguished Professorship Scheme
COMSATS' Panel of Experts on ST&I Policy
Past Initiatives / Programmes
 
Publications and Resources
 
Newsletter
Annual Report
Science Vision
Series of S&T Publications
COMSATS-TWAS 'Excellence in Science'
COMSATS at a Glance
COMSATS Brochure
Other Information Documents
Other Publications
 
Archives
 
News
Events
         
   
| | | | |