Endowment Fund
March 12, 2024 2024-08-27 13:14Endowment Fund
Endowment Fund
Introduction
CamTech is a private, not-for-profit university established in 2021 with a mission to offer applied research and innovation-focused education to transform lives that respond to industrial development and socio-economic growth needs. Recognizing the importance of long-term financial stability and sustainability, the university has established the CamTech Endowment Fund to ensure its ability to fulfill its mission and provide exceptional educational opportunities for generations to come.
Purpose
The purpose of the CamTech Endowment Fund is to provide a permanent source of income to support the university’s core mission and strategic priorities. This includes, but is not limited to:
• Financial aid: Providing scholarships and other financial assistance to deserving students.
• Academic programs: Supporting the development and enhancement of academic programs, faculty research, and educational resources.
• Infrastructure development: Funding for renovations, equipment upgrades, and new facilities (including student dormitory) to maintain a modern and conducive learning environment.
Fund Management and Investment Strategy
The CamTech Endowment Fund will be managed by a professional investment committee composed of individuals with expertise in financial management and investment strategies. The committee will develop and implement an investment strategy that aims to:
• Generate sustainable income: The investment portfolio will be diversified across different asset classes, such as equities, bonds, real estate, and alternative investments, to balance risk and potential return. This diversification will help to mitigate the impact of market volatility and provide a steady stream of income for the university.
• Preserve the principal: The committee will also prioritize the long-term preservation of the principal amount of the endowment fund. This is achieved by ensuring a portion of the portfolio
is invested in assets with lower risk profiles, even if they offer lower returns.
• Meet spending needs: The committee will establish a sustainable spending policy that determines the annual distribution amount from the endowment fund. This amount will be based on a rolling average of the market value of the fund to ensure long-term sustainability and avoid depleting the principal.
Endowment Fund Management Flow Chart
Why Invest in the CamTech Endowment Fund?
By contributing to the CamTech Endowment Fund, you have the opportunity to make a lasting and transformative impact on the future of our university and the lives of countless students. Here are some reasons why you should consider investing in our endowment fund:
Make a lasting impact: Your gift will become a permanent source of income for the university, supporting our mission and enhancing educational opportunities for generations of students to come.
Invest in the future of Cambodia: By supporting CamTech, you are investing in the future of Cambodia by empowering its next generation of leaders and innovators.
Support a diverse and talented student body: Your contribution will help us provide scholarships and financial aid to deserving students, regardless of their financial background, ensuring access to a high-quality education for all.
Support academic excellence: Your investment will contribute to the development and enhancement of our academic programs, faculty research, and educational resources, fostering a vibrant learning environment and advancing knowledge creation.
Be a part of a legacy: Your contribution will be recognized and celebrated, leaving a lasting legacy that will be remembered by future generations of students and faculty.
Donations
The CamTech Endowment Fund welcomes tax-deductible donations from individuals, corporations, foundations, and other organizations. All donations will be used to grow the corpus of the fund and generate income to support the university’s mission.
Recognition
Donors to the CamTech Endowment Fund will be recognized appropriately based on the size and nature of their contributions. Recognition may include:
• Listing in the university’s annual report and on the endowment fund website.
• Naming opportunities for scholarships, endowed chairs, programs, or facilities established or supported by the donor’s contribution.
Endowment Donors:
Touch Sonn Foundation: US$300,000
· Beneficiary Account Name: CAMTECH-ENDOWMENT
· Beneficiary Account Number: 0010006835649
· Beneficiary Address: CamTech Street, Sangkat Prek Tasek, Khan Chroy Chongvar Phnom Penh Phnom Penh, 121003
· Beneficiary Bank: CANADIA BANK PLC
· Beneficiary Bank Address No.315, Corner Street Ang Doung & Monivong Blvd. Phnom Penh, Cambodia
· Beneficiary Bank SWIFT Code CADIKHPP or CADIKHPPXXX
Please remark on how the fund can be used:
– Unrestricted
– Restricted (Financial aid, academic programs, endowed chair or infrastructure development).
