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OBJECTIVES
The main objective of establishing KNUST College of Engineering Endowment Fund is to provide stable and predictable funding for the College of Engineering to enable it become an internationally acknowledged Centre of Excellence in Engineering education; producing high caliber graduates with knowledge and expertise to support the industrial and socio-economic development of Ghana and Africa. The target is to raise 50 million Ghana Cedis ($ 5 million) within a period of five years.
The specific objectives are:
- Improve quality of postgraduate programmes
- Expand access to postgraduate programmes
- Provide scholarships to attract brilliant postgraduate students and needy undergraduate students
- Improve infrastructure to support teaching and learning
SOURCES OF REVENUE FOR KNUST COLLEGE OF ENGINEERING ENDOWMENT FUND
The main potential sources of income identified to be generated into the Endowment Fund (EF) are the following:
- Annual Fund Raising through symposium and other technical educational forums
- Donations from organizations deploying the use of science and technology.
- Contribution from strong and motivated alumni network of College of Engineering, KNUST.
- Allocation from portions of College of Engineering Internally generated funds
- Investment interest accruing from investing part of the fund with credible investment houses.
- Private sector organizations, individual etc.
APPLICATION OF KNUST COLLEGE OF ENGINEERING ENDOWMENT FUND
The use of this fund will be generally limited to expenditure relating to areas under the following budget lines:
- Financial support to the brilliant and needy undergraduate students by way of scholarships and other bursaries.
- Expansion of infrastructure to support teaching and research.
- Financial aid to attract brilliant postgraduate students.
- Recruitment of critical and strategic academic and non-academic staff on contract basis until Government gives approval for their appointment to be regularized.
- Recruitment of Post-doctoral fellows to enhance the research output of the college.
- Any other program that the Trustees of the Fund would deem appropriate.
DONORS
Name |
Amount |
|---|---|
|
Honourable Dr Yaw Osei Adutwum, Minister for Education |
GH₵ 50,000 |
|
Ing Christian Nti, CEO Ghana Highway Authority |
GH₵ 50,000 |
|
Anonymous |
USD 50,000 |
|
Volta River Authority (VRA) |
GH₵ 2,000,000 |
|
Asib Construction Ltd |
GH₵ 60,000.00 |
|
Associated Consultants Limited |
GH₵ 180,000 |
|
College of Engineering, KNUST |
GH₵ 50,000 |
|
Ghana Institution of Engineering |
GH₵ 100,000 |
|
Ghana National Gas Company |
GH₵ 500,000 |
|
Ghana Gas Company |
GH₵ 500,000.00 |
|
Ghana Grid Company |
GH₵ 1,000,000 |
|
Ghana Highway Authority |
GH₵ 20,000.00 |
|
Electricity Company of Ghana |
GH₵ 100,000 |
|
National Petroleum Authority |
GH₵ 100,000 |
|
KNUST, Civil Engineering Class of 1996 |
GH₵ 50,000 |
|
KNUST, Electrical Engineering Class of 2002 |
GH₵ 40,000 |
|
RPS Engineering |
GH₵ 10,000 |
|
IDC Energy |
GH₵ 100,000 |
|
Fedems Limited |
GH₵ 50,000 |
|
Prof. Jerry John Kponyo |
GH₵ 5,000 |
|
Prof. Prince Yaw Andoh |
GH₵ 2,500 |
|
Prof. James Dzisi Gadze |
GH₵ 2,500 |
|
Dr. Francis Boafo Effah |
GH₵ 2,500 |
|
Afia Kesewaa Akosah Agyenim Boateng |
GH₵ 1,000 |
|
Aerospace engineering class of 2024 |
GH₵ 390.00 |
|
Mechanical Engineering class of 2024 |
GH₵ 2,540.00 |
Donations Received
BANK DETAILS FOR DONATION
Name of Bank: Stanbic Bank
Account Name: KNUST College of Engineering Endowment Fund
Account Number: 904008248502 (GH₵), 904009527588 (US $ )
Swift Code: SBOCCHAC
Branch: KNUST