AEB, Constitutions, & Functions Corum
The operations of NIT Kurukshetra Alumni Endowment Fund will be governed by ‘NIT KURUKSHETRA ALUMNI ENDOWMENT BOARD (NITKKR-AEB)’. The NIT KURUKSHETRA ALUMNI ENDOWMENT BOARD (NITKKR-AEB) or its nominees will be the key signatory to the fund flows from the NIT Kurukshetra Alumni Endowment Fund account. The composition of the NIT KURUKSHETRA ALUMNI ENDOWMENT BOARD shall be as follows:
- Director, NIT Kurukshetra: Chairman
- Dean (Planning & Development), NIT Kurukshetra: Member
- Registrar, NIT Kurukshetra: Member
- Dean (Students’ Welfare), NIT Kurukshetra: Member & Convenor
- Non-Alumni: One or two members with specific expertise and nominated by the Chairman.
- Donor Alumni: maximum of five or six representatives of DONOR groups to be nominated by the Chairman, AEB.
Additionally, the Faculty l/c (Alumni Affairs) is appointed to maintain the complete alumni database of all the academic programmes (UG/PG and Ph.D.) offered by their respective departments/schools. They work in close coordination with the office of the Dean(SW) for strengthening of the Institute.
click here to see the list: Faculty l/c (Alumni Affairs)
Any batch or individual who has donated a sum of Rs. 25 lakhs and above thereof shall be eligible to nominate one member. Corporates can nominate one representative. The DONOR representatives shall retire with a term of TWO years with induction of DONORS from the latest years into the committee. The NITKKR-AEB can also create an extended special body with a larger alumni representation department-wise to ensure even greater involvement from the established alumni of NIT Kurukshetra for the benefit of the institution.
The NITKKR-AEB will set in place the detailed key donor clauses. Some of the important points of the key donor clauses are as given below:
- Donated funds to be mandatorily governed by the NIT KURUKSHETRA ALUMNI ENDOWMENT BOARD in line with donor-specific instructions or general purposes as decided by the NIT KURUKSHETRA ALUMNI ENDOWMENT BOARD.
- NITKKR-AEB to be the key signatory to the fund flows from the NIT Kurukshetra Alumni Endowment Fund account.
- Direct a certain portion of the donated funds (Not more than 5%) towards the funding of the expenses related to operations of the Endowment fund.
- Requirement of 2/3rd NITKKR-AEB approval for making any change to the structure of the NIT Kurukshetra Alumni Endowment Fund.
Miscellaneous regarding AEF and AEB
The Institute and its administration, from time to time, based on its needs, goals, and missions without prejudice to the objectives and management of the NIT Kurukshetra Alumni Endowment Fund can at their discretion affect any changes, alterations or modifications as to the organizational form, pattern and setup etc. The Director of the Institute is authorized to decide the operating modes for fund utilization and other issues.