Can we make it a point to participate, inspire each other, plan a little, work together actively so we can see an idea gradually succeeding in small simple steps. We can do it guys.
WE ALL HERE BELIEVE THAT TOGETHER WE WILL!

REMEMBER

Active Participation +
Contributing Inspiration +
Meticulous Planning +
A whole lot of Perspiration =

100% SUCCESS

Please take the first step of SUCCESS and introduce yourself and tell us how you can Help? 

Memorandum of Understanding

This document is intended to clarify issues related to the funds being collected for the swimming pool at St.Vincent’s High School Pune. The funds will be collected and utilized for the purposes mentioned below. The batch mates based in Pune will hold the primary responsibility for the entire process, with support from others, in the true spirit of St.Vincent’s. We, the batch of 82-84 vow to make this project a success and the pool a pride for the school. 

1. Collection of funds: Why, how, whom, etc.  
   The past students of St. Vincent’s high school Pune, belonging to the batch of 82-84(10^th-12^th) have decided to collect a sum of Rs. 50 lacs, through individual contributions. This corpus will be deposited in a bank and utilized for a specific purpose as described later. This fund will be named as “VIN-82”.  
    
   We propose to collect individual contributions upto 20th December 2007. 
    
   Since the utilization of these funds will be in the school, the batch mates based in Pune will have the primary responsibility to oversee the entire collection, safekeeping and proper utilization. Further, there will be ….. Trustees for simplifying the account handling.  
   
2. Where will it be deposited and how long 
   This fund will be kept in a nationalized Indian bank of repute, till the funds have been used up for its intended purpose. 
   
3. Who will operate the account 
   This bank account will be operated by the signatories Praful Chandavarkar, Farokh Irani and Ashok Harpalani. Cheques will be issued with all 3 signatures.

4. Primary objective of the fund  
   The primary objective of the fund is to donate a sum of 50 lakhs to the school for the construction of a swimming pool in the school. 
    
   A part of this fund will also be distributed among the needy teachers who have taught us during our time. The beneficiaries and the amount will be decided by consensus on the 29th December. 
   
5. What happens if the primary objective is not realized in part or in full.  
   If the school board does not get permission for constructing the swimming pool, or for any other reason the pool does not seem possible, the funds may be used for other benevolent purposes, directly related to St.Vincent’s High School Pune only.  
   Some ideas for this are (but not limited to) : 
   >>Scholarship fund 
   >>Aircon for Gulati hall 
   >>Computer lab up gradation 
   >>Increments for new teachers 
    
   More ideas for this are welcome from the group. 
   
6. Commercial use be of the funds  
   The funds once deposited in the selected bank will not be used for any commercial purpose other than the ones stated here. These funds will not be applied to any speculative monetary gains like stocks, mutual funds or similar. The funds in part or entirety may however be kept in fixed deposit scheme of the same selected bank.  
   
7. Is there an exit policy. 
   It is assumed that the individual contributes towards this fund in support of the idea behind the fund, and that once a contribution is made, it will not be called back by the individual. 
   
8. Who decides the application of these funds at various stages, how to inform everyone 
   The funds may require periodic disbursement. The disbursements at various stages will be informed to all the contributors via the Yahoo groups. It is not required to take a consensus every time, since that would delay the proceedings. The 3 signatories of the fund will keep notes of this every time any contribution is made.  
   
9. Will there be an audit of the accounts  
   There will be no audit of the funds. However, all money that comes in and which goes out, will be duly recorded by the core group and made available on the Yahoo Groups, periodically. 
   
10. When can the above points be deviated, and how 
    In exceptional circumstances, the above points of understanding may be deviated from, only after informing all the contributors of the deviation, and getting a positive reply from at least 70% of the respondees.

Did you know that

Our contribution drive started with a Big Bang!

 Noshir Tarapore (82-84) donated Rs.1,00,000
 Gurudas Nulkar (82-84) donated Rs. 1,00,000
 Binoy George (82-84) donated Rs. 25,000
 Abhijit Bhattacharya (82-84) donated Rs. 25,000
Satish Mundada (82-84) donated Rs. 25,000
Deepak Ranade (82-84) donated Rs. 1,00,000


So far we have collected a
Grand Total of Rs 4,25,000
(Unofficial As of Nov 25th 2007)
Working on updating it weekly, goal is to make it Live! Need Help from Mr. Farokh Irani on this.


Whatever you give will make a difference!

Are you the next donor that makes St. Vincents dream of having a swimming pool come true?

Do you wish to participate towards an endowment?

Do you wish to donate towards improving the Computer Lab?

Do you wish to be involved in laying Astro-Turf
on our Football & Track Field?

Do you wish to Sponsor the Athletics Dept.?

One thing for sure we know you wish to help.

Tell us what your contribution is and
what would you like us to do with it.

BANKING INFORMATION

Use the details below to make contributions.
Thanks in advance!

For Bank to Bank Wire:

BANK: Bank of INDIA
ACCT NAME: VIN-82 
ANYWHERE ACCT #: 
050010110003372
(More details to follow soon)

For mailing your checks:

Make your checks payable to VIN-82 and mail (Registered Mail is prefered) it to:
Please also send details about yourself as to what graduating batch you belong to.

If you have questions regarding your contributions
Contact Mr. Farokh Irani at firani@dataone.in

Thank you for your contribution!