APPEAL FOR DONATIONS MANCHERJI JOSHI MEMORIAL EDUCATION FUND
c/o. Mrs. Zareen Jimmy Engineer 623, Marker Mansion, Lady Jehangir Road, Parsi Colony, Dadar, Mumbai-400 014.
Our Fund was established in 1969; has made steady progress. Our financial year ended 31.3.2009. Educational Aid Disbursed was Rs. 18,00,900/- to 698 students (Last year Rs. 13,90,000/- to 593 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. 22,529 (Last year Rs. 22,731) for inevitable expenses which works out to 1.37% (Last year 1.40%) of our total income of Rs. 16,39,028 (Last year Rs. 16,22,287).
Our Fund was able to disburse higher quantum of Educational Aid solely due to receipt of general donation of Rs.7,91,503.
Our Fund has received Corpus Donation of Rs. 4.67 lakhs compared to last year Rs. 12.94 I akhs. This Corpus Donation is invested in approved securities and only the income derived from such investments are to utilized for giving Education Aid.
On our Investment of Rs. 94,24,490 interest received was Rs. 8,43,475/-. Last year on investment of Rs. 89,69;683/interest received was Rs. 7,05,907.
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 general or corpus donations that will enable us to grant maximum amount of Educational Aid to poor. and deserving students to meet the ever increasing cost of education.
Kindly draw your cheques in favour of Mancherji Joshi Memorial Education Fund & forward them to the above address.
All donations will be promptly acknowledged.
Mrs. Zareen J. Engineer Grand daughter of The Late Mancherji Joshi, Founder to Parsi Colony, Dadar. ….. Ms. Katy R. Bharucha Barrister-at- Law,
TRUSTEES AND JT. HON. SECRETARIES.