Objective

Main Objective of Trust

1. Provide financial aid for books, stipends, medals, and incentives, prioritizing poor, handicapped, and orphaned students; organize debates on road safety, drug abuse, and social evils in schools/colleges, honoring winners.
2. Establish or aid homes for aged, orphanages, or establishments for poor, needy, destitute, orphans, widows, and aged persons.
3. Develop institutions for physically handicapped, disabled, or mentally retarded, providing education, food, clothing, or other help.
4. Grant relief to victims of natural calamities (famine, earthquake, flood, fire, pestilence) and assist relief institutions or persons.
5. Construct, repair, manage marghats, cemeteries, burial grounds, and religious places for backward and poor residents.
6. Grant aid or assistance to other public charitable trusts or institutions.
7. Trust Funds

(i) Trust fund augmented by income, donations, contributions.
(ii) Trust fund used only for specified objectives.
(iii) Trustees maintain proper accounts at Trust office.
(iv) Trustees have following powers:

• Accept donations, contributions, grants in cash or kind, with or without conditions.
• Apply trust income or fund to trust objectives as deemed fit.
• Borrow, raise, secure payments, lend money with or without security.
• Let out immovable property in Trust Fund on terms deemed fit.
• Open and operate bank accounts for Trust or institutions, appoint agents for operation.
• Appoint persons, committees, or trustees for Trust administration, subject to rules.
• Make, vary, alter schemes, rules for Trust management and objectives.
• Donate from income or corpus to charitable institutions for similar purposes.
• Apply for and accept grants, aid, donations from government, public bodies, corporations, or persons, negotiate schemes, and comply with conditions.

3. Trustees receive no remuneration but may reimburse expenses incurred.
4. Trustees number: minimum two, maximum seven; no action if below two except to fill vacancies.
5. Managing trustees may appoint additional trustees; trustees cease if absent for three meetings or one year, or if 3/4 of trustees request resignation.

Trustees may frame rules for meetings; in absence:

• Two trustees form quorum.
• Decisions made mutually.
• Resolutions by circulation, signed by two-thirds of trustees, are valid.

6. Trustees may resign with one month’s notice.
7. Accounting year ends 31st March annually.

Body of Trust