Terms -  Class of 2009 Fund  

1. The students of the Class of ’09 are starting a fund for school.
2. This fund will be based in the school and a separate account head will be maintained for this purpose.
3. The students of this batch will initially donate some amount from their pocket money.
4. The school will invest this amount.
5. The resultant interest every year will be utilised towards either a scholarship / bursary or towards building projects in the school and this will largely depend on the size of the corpus.
6. The Class Representative will consult members of the batch and inform the school of their intent.
7. The school will then utilise the money as instructed by the batch.
8. The batch mandates that the utilisation of the money will be only for the purposes stated above.
9. As the initial amounts are likely to be small, members of the batch can supplement this amount over the years. Payment  gateways as well as traditional methods of transferring money through wire transfer or cheques are available. Amounts can also be deposited through credit card payments by logging on to www.doonschool.com.
10. Every year, the Class Representative will receive a statement of the account from the school.
11. This is an on going process and the fund will continue in perpetuity.
12. The disbursements / utilization from this fund will be in minimum amounts of Rs 50,000.