Mancherji Joshi Memorial Education Fund
APPEAL FOR DONATIONS
MANCHERJI JOSHI MEMORIAL EDUCATION FUND
C/o Mrs. Zareen Jimmy Engineer
623, Marker Mansion,
Lady Jehangir Road,
Mumbai 400 014.
Our fund established in 1969 has made steady progress. For financial year ended 31/3/2005 educational aid disbursed was Rs.6,71,451 to 749 students (Last year Rs.5,96,760 to 822 students) who are poor and deserving boys and girls of the Parsi community from Mumbai, Surat, Navsari, Pune and other parts of India.
Our establishment expenses are kept to the bare minimum of Rs.8128 (Last year Rs.8233) for inevitable expenses which work out to 1.05% (Last year 1.2 %)of our total income of Rs.7,74,663 (Last year Rs.6,84,842) .
There is a downward trend in the interest rates which has resulted in our income from investments declining sharply.
Our fund was able to dsburse higher quantum of educational aid solely due to receipt of generous donations of Rs.4,00, 892 as compared to last year Rs.3,23,639.
Our fund has received corpus donation of Rs.15 lakhs compared to last year Rs.2.3 lakhs. This corpus donation is invested in approved securities and only the income derived from such investments are utilised for giving educational aid.
We firmly believe that educating our young people is the most essential factor in the progress of our community. We, therefore, count upon our generous donors to give us substantial donations that will enable us to grant maximum amount of educational aid to the poor and deserving students to meet the ever increasing cost of education.
Kindly draw your cheques in favour of Mancherji Joshi Memorial Education Fund and forward them to the above address.
All donations will be promptly acknowledged.
Mrs. Zareen J. Engineer
Grand daughter of the late Mancherji Joshi
Founder of Dadar Parsi Colony
Ms. Katy R. Bharucha
Trustees and Jt. Hon. Secretaries