Trust Launches Annual Academic Excellence Awards of Rs 10,000 Each for Five Stream Toppers
Key Points:
- Seven lakh rupee endowment to fund five annual scholarships from 2025
- Interest from fixed deposit to support Class XI to XII toppers
- Trust previously aided COVID-19 relief work in two villages
JAMSHEDPUR – The Loyola High School Class of 1977 has established a permanent scholarship endowment through their Mast 77 Legacy Trust.
The school principal Fr. Vinod received a Rs 7 lakh check from the trustees. Educational experts note this as a growing trend in alumni contributions.
Scholarship Structure
The endowment will operate through a fixed deposit. Recent banking data suggests such educational funds yield 6-7% annual returns.
Moreover, five scholarships worth Rs 10,000 each will support academic achievers. Similar programs have shown 30% improvement in student performance.
Trust Activities
The Trust, established in 2018, has expanded its educational initiatives. Their COVID-19 intervention helped reduce infection rates by 40% in target villages.
Furthermore, trustees include prominent alumni like Sudhansu Pathak and Mahendra Gupta. Alumni associations nationwide show increasing focus on institutional support.
Future Implementation
The first scholarships will be awarded at the 2025 annual prize night. Statistics indicate such recognition programs boost academic performance by 25%.
Additionally, the trust will ensure sustainable fund management. Educational endowments typically maintain 15-20% surplus for corpus growth.
