MISSION

The Foundation’s mission is to partner with UET alumni and other donors in providing philanthropic support to strengthen the mission of higher education in engineering.

DONATIONS AND FUNDS FRAMEWORK

Endowment fund is a combination of many funds that serve the stated purpose and respect the donor conditions if attached to a particular donation. The Foundation will allow donations from alumni as well as non-alumni in three categories as stated below. All donations shall be maintained, accumulated and invested in Canada by third party professionals as determined by the governing board and only an estimated Return on Investments (ROI) shall be budgeted each year for foundations target projects and in line with the foundation objectives.

1. Restricted fund: Funds that can only be invested in perpetuity, estimated ROI is budgeted.
2. Donor Advised Fund: Funds that have a donor Advised /Defined /specified use.
3. Unrestricted fund: Funds that are unrestricted for use if so indicated by Donor.

All disbursements of the Foundations shall be entirely in line with stated objective and through official regulate channels that conform to Provincial and Federal laws.

MEMBERSHIP

a. Membership Eligibility

Engineering degree holders are eligible for foundation membership in categories as listed here. Only graduates of the University of Engineering and Technology Lahore and affiliates are eligible for Full and Lifetime Membership.
Both are eligible to vote in elections and be elected to the Board of Directors of the Foundation.

1. Associate Member on payment of $20 annual membership fee.
2. Full Member on payment of $100 annual fee annually and will have the rights to elect and to be elected to the Board of Directors.
3. Lifetime Member on one time $500 payment or above donation in any single calendar year with rights to vote and be elected to the Foundation Board. Lifetime membership continues without requiring further annual dues.

b. Member Resignation and Termination

Any member may resign by filing a written resignation with the secretary at any time. A Board member may be terminated from his position on a written notice of alleged violations of responsibility. The Board will provide opportunity for response on termination. Resignation or termination of membership shall not relieve a member of unpaid dues, or other charges previously accrued.