Thursday, August 10, 2006

Scholarship Fund: An Update

It has been six weeks since we established the Anuj Mohan Scholarship Fund. Our goal was to honor Anuj and find a way to continue his work into perpetuity. Given his passion for education and life-long focus on finding opporunities for deserving people, we could think of no better way to do that than this fund. As articulated in the FAQ, we will send talented students with limited means to MIT or Wharton in Anuj's name every year.

We are genuinely heartened by the response received so far and want to sincerely thank all those who have contributed to this cause in Anuj's name.

In order to ensure that the scholarship benefits as many students as possible, we have decided to partner with an established non-profit foundation that specializes in maintaining and growing funds such as ours. The organization we have chosen is Silicon Valley Community Foundation. The Foundation is a landmark merger of two well-established foundations, Community Foundation Silicon Valley and Peninsula Community Foundation. As a result of this merger, Silicon Valley Community Foundation now manages $1.5 billion in assets and 1,400 philanthropic funds, making it the fourth largest foundation in the nation. To learn more about this extradorinary organization, visit www.siliconvalleycf.org
While this of course changes nothing regarding the philosophy and focus of the fund, the Community Foundation's resources and experience will provide the infrastructure and processes required to accomplish our goal. For example, as mentioned before, we are already working closely with MIT and Wharton - the Community Foundation will make this even more seamless. It will also make contributing to the fund easier (including the ability to donate online which is coming soon).

The Scholarship Fund FAQ has been updated to reflect our new partnership with Silicon Valley Community Foundation.

0 Comments:

Post a Comment

<< Home