The purpose of the endowment is under the broad category of medical aid by BITSAA. The specific initiative is to provide medical aid including expenses for rehabilitation to Alumni who might be facing distressed circumstances in life.
Further, the endowment could be used to provide medical help and educational scholarships to the immediate family of Alumni.
In addition, it can be extended as decided by the nominees of the Fund Raising group within the definition of benevolence and charity and within the limits of the general charter of BITSAA. All disbursements out of the fund shall be made only upon the receipt of a request from the Fund Raising group through their nominees via a formalized application process.
For more details, visit https://www.bitsaa.org/fundraising/85-batch-help-fund