Chairman of the ITS Board of Trustees (MWA) Prof. Dr. Ir Mohammad Nuh DEA while giving a speech at the awarding ceremony of scholarships and the inauguration of the ITS ITS Eternal Fund Inscription

ITS Campus, ITS News – In commemorating the 62nd Anniversary, Institut Teknologi Sepuluh Nopember (ITS) inaugurated the ITS Endowment Fund Inscription at the ITS Rectorate Building Thursday (10/11), as per the Heroes’ Day Ceremony. On this occasion, ITS also gave scholarships to 62 of its students who had benefited from the ITS Endowment Fund’s success.

The ITS Endowment Fund Inscription Program is a fundraising activity that helps endowment funds grow. As the name implies, these funds are eternal, and the proceeds from their management are used to support the Tri Dharma of Higher Education, one of which is in the form of scholarships. This scholarship covers the Single Tuition Fee (UKT).

Deputy Chancellor IV ITS Bambang Pramujati ST MSc Eng PhD when delivering a report on the development of ITS ITS Endowment Fund

On this occasion, ITS Deputy Chancellor IV Bambang Pramujati ST MSc Eng PhD said that at this inauguration, 90 names had been attached to the ITS Perpetual Fund Inscription. Consists of 63 personal inscriptions, 12 corporate inscriptions, and 15 community inscriptions. The total donations collected from the ITS Perpetual Fund Inscription program amounted to IDR 6 billion. Meanwhile, the accumulation of ITS Endowment Fund donations reached Rp. 58 billion and the resulting development funds amounted to Rp. 3 billion.

Symbolic handing over of scholarships from ITS to three student representatives

According to Bambang, the utilization of the endowment fund management distributed for scholarships at the 62nd Anniversary amounted to Rp 204 million. These funds come from ITS alumni, the community, parents of students, companies, and other parties. “By inaugurating this inscription, we hope that there will be contributions from various parties to participate in the ITS Endowment Fund Inscription Program,” said the lecturer of the ITS Mechanical Engineering Department.

Symbolic inauguration of the ITS Endowment Fund Inscription by ITS leaders and their staff

On the same occasion, the Chairman of the ITS Board of Trustees (MWA) Prof. Dr. Ir Mohammad Nuh DEA ​​said that this inscription can become a symbol of the immortality of charity, whose rewards will continue to flow. The energy and money spent on endowments is not only intended for this world, but also for the hereafter. “Managing an endowment fund is the same as waqf management, so we can get passive income in preparing for life in the afterlife,” he emphasized.

He continued, ITS is committed to setting aside an internal budget of at least IDR 20 billion per year for the ITS Endowment Fund. This has been realized since 2021 and has been contracted as a waqf for the entire ITS extended family. “Let us all intend to be part of the group of people who receive the blessing of waqf,” he concluded motivating.

One part of the ITS Endowment Fund Inscription which is displayed on the front façade of the ITS Rectorate Building

After the inauguration, the awarding of scholarships was carried out symbolically by three student representatives from the 62 scholarship recipients. Among others, Intan Yulia Putri Perindasari from the Physics Department, Ajeng Almira Tarisha Asri from the Chemical Engineering Department, and Mochammad Aquila Azahari from the Mathematics Department. (ITS PR)

Reporter: Rayinda Santriana US