Friends of Aitchison College Lahore, Inc. (FAC)
Endowment Structure
- The FAC entity is envisioned to be a ‘funnel’ to accumulate funds from
- U.S. based old Aitchisonians
- FAC funds will be broadly split into two categories:
- Flow‐thru Funds: allocated to Aitchison for immediate use;
- Endowment Funds: invested in long‐term assets in order to generate long‐term income for future use
- Funds accumulated in the U.S. will be invested in low‐risk investments in the beginning such as U.S. Treasuries or similar assets till FAC finalizes its TORs for such investments
- Donors based in countries such as U.S., Canada, U.K., U.A.E. and Pakistan can also donate to FAC but this donation will not be tax deductible in their respective jurisdictions till an entity is set up in their country of residence
- FAC will eventually setup similar entities in other jurisdictions so that funds received from donors in these jurisdictions can also get tax exemptions
