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Concept Paper

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Background

SIBM Pune Alumni has made significant contribution to the development of nation thru stewardship in the corporate sector , by setting up innovative enterprises, thru social entrepreneurship and thru education and research in management. The institute has visibly resolved to strengthen its position in the comity of business and management schools around the world.

SIBM Pune has the tradition of celebrating its Alumni that complete silver jubilee in the corporate sector during its annual management event. 7th March 2009 brought together the Batch of 84 ( Bo84). During the deliberations the idea of creating SIBM Alumni / Endowment fund Pune was coined. This was picked up and supported by the eminent speakers at the management day function This document is the concept paper to begin the creation of roadmap to bring this idea to fruition.

Alumni Endowment Fund

A typical endowment fund is expected to be held in perpetuity and is invested in the manner that it protects the principal from inflation. The income from the investments provide stable and permanent source of funds the endowment is created to serve. Such endowments have been critical to development o f world class academic institutions world over.

Objectives of SIBM Alumni Endowment Fund

Multiple objectives were discussed for the proposed fund :

  1. For incubating and providing seed and angel capital for enterprises from within the SIBM
  2. For providing an insurance cover to the families of Alumni that pass away early in the career
  3. For other objectives consistent with the goals of the fund

Governance

The entire initiative in terms of raising fund(s), formulating policies of disbursement, fund accounting and audit would require appropriate governance structure. While this is put in place, a core group of volunteers will work closely with Arun.

Timeframe

Based on the proposed plan of ‘launching’ the fund on 15th Aug 09 with an ‘start up’ corpus of Rs 2.5 million, the Bo84 plans to work out the next set of activities leading to this.

Videos

President and Founder Director, Padmashree Dr. S.B. Mujumdar sharing his views.

The speech by Mr. Vishwas Mahajan, B084 on Alumni Endowment Fund.

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