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Endowments are permanent assets (money,
securities, property) that are invested to earn income. The
income earned from the investment is the only amount used
while the principal is left intact, to keep generating more
income. An Endowment may be created by the contribution of a
single donor or the collective contributions of any number of
donors. The benefits of such a fund are permanent. A gift that
is made today will still be there in 100 years' time and on,
educating girls on your behalf forever.
Beneficiaries of the Scholarship Endowment Fund
| Description
of beneficiaries
| Scholarship amount
per Year |
Total amount of scholarship required each
year (KShs) |
Total amount of scholarship required each year (Euro) |
Total amount of scholarship required each year (US $) |
| 300 girls receiving technical
education
| 20,000 per person |
6,000,000 |
66,670 |
80,000 |
| 50 girls receiving formal
education
| 50,000 per person |
2,500,000 |
27,778 |
33,000 |
| Outreach activities for women
| |
500,000 |
5,556 |
6,700 |
| Total amount
required each year for scholarships
| |
9,000,000 |
100,004 |
119,700 |
The returns from the investment are expected
at a minimum of 10% per annum. 5% will be spent on
scholarships, 4% will be ploughed back to ensure growth of the
fund and 1 % will be spent on administration. The total amount
required to generate scholarships worth Kshs 9 million each
year is KShs 180 million.
Fundraising plans
In order to raise the Kshs 180 million
for the Endowment Fund, Kianda Foundation needs the
help of past students, friends and well-wishers who can
appreciate the value of the education that has been given in
the past, is now being given and will continue to be given in
the future to promote Kenyan women and girls.
Kianda Foundation is seeking partners for the Endowment Fund. This partnership can be through cash
contributions, property, shares or land. The donation can be
made by an individual or by a group.
Other ways of contributing
- Legacy -include the Fund in a Will.
- A percentage of savings or business profit.
- Land or property that can be sold by the Foundation.
- Initiate a charity event and donate the proceeds to the
Scholarship Fund.
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