Endowment Fund – Our Lifeline

Keeping in view our future ambitious projects, expansion plans for the completed projects, and to meet our running expenses, the Governing Body of CDSS has established an “Endowment Fund” under the provision of Article 21 of the Memorandum and Articles of the Associations of the Centre. The Fund has been established exclusively for investments to generate income.

Under the definition of the “Fund”, Endowment Fund is a permanent and restricted fund only for investment purposes and not for any other expenses. However, income earned thereon can be utilized for project expenses.

The Fund is managed by an Investment Committee appointed by the Governing Body of CDSS comprising the following Members

  • Mr. Anwar Ali Gillani, Chairman of the Committee; Senior International Banker and former Advisor to Bank Al-Habib
  • Mr. Azizullah Chaudhry, Senior Retried International Banker
  • Rear Admiral (Retd) Syed A. Baqar, HI(M), Chief Executive, Former Senior Naval Officer and Member Sindh Public Service Commission
  • Mr. Sheraz Abdul Sattar, Finance Manager, Professional Accountant with 20 years experience

The Investment Committee makes day-to-day decisions within the policy and guidelines laid down by the Governing Body. Majority of the investments are made in Government Securities to ensure security of the Fund. So far Rs. 44.5 million are deposited in the Fund, however CDSS aims to enhance the Fund up to Rs. 100 million in the first phase.

  • Donate generously to CDSS Endowment Fund!
  • Co-Sponsor a Child!

The average cost per student per month is approximately Rs.6,600 sponsor a child for 1 year @ Rs.3,300- per month. Total Rs. 39,600.

The shortfall of Rs. 3,300 will be met by Donation from INFAQ Foundation.

  • Our Students—Our Pride
    CDSS is proud of the youth who have benefited from the learning facilities offered at the CDSS Township to become the agents of change for the community and their families. A brief description of some of our students is given as here under:Read more ›
  • Trip to NASA Space Camp
    As routine, I was checking my emails when some news from US Embassy stupefied me. It congratulated me and suggested to fill out a visa form. I was stunned and went directly to our principal, Ms. Sobia Alam. I requested her to allow me to sit in the computer lab for another hour so that […]
  • Success Stories
    From the Batch of 2013-14 following Six Students of Korangi Academy got admission on merit in NED University of Engineering & Technology for the Four Years BE Program: Read more ›
  • It’s never too late! IETC – Education for Girls
    INFAQ Education & Training Centre (IETC) was established in August 2003 with a purpose to train the teachers for Korangi Academy. As the Centre sailed through its journey it experienced avenues which could lead the challenging tasks that lay ahead. It found out that the environment existing in the community needed INFAQ’s attention and support […]
  • CDSS Launches New Website
    Today CDSS is launching its new website; www.cdss.org.pk. Our aim is to create an up-to-date web space for the CDSS project where all the project-related information and updates are gathered and updated on regular basis.Read more ›