AIT Reserve Fund Monetization of AIT Reserve Fund for “Friends of AIT Foundation" We are pleased to inform you that the AIT Alumni Association (AITAA) Headquarters, and AIT Office of Advancement and Alumni Affairs (OAAA) have jointly agreed to launch a campaign to request each and every Alumni to provide a one-time contribution towards the setting up of an AIT Reserve Fund. Given the tumultuous last few years we have all gone through because of the COVID-19 pandemic and now that we are seeing the light at the end of the tunnel. It is time we the alumni as one of the major stake holders of the institute, should rally together to start to contribute to this Reserve Fund, which will be managed through a Foundation independent of AIT. This Reserve Fund will be different and not intended for AIT operation costs. This will be like an Endowment Fund managed solely by the alumni as seen in other universities. We believe now is the time to start this campaign with AIT having embarked on transforming itself into a more globally recognized and noteworthy Institute with a motto ‘Social Impact with Innovation’, providing engineering, environment, and management education and research, focusing on Sustainability and Social Impact issues. It is with this background and context that we are reaching out to all our alumni. How to use the AIT Reserve Fund This Reserve Fund will be different and not intended for AIT operation costs. This will be like an Endowment Fund managed, solely by the alumni as seen in other universities independent from AIT management. In order to ensure absolute transparency, all the donations will go into a Reserve Fund account which will be opened and managed by the Friends of AIT Foundation (FoAIT) and the Foundation’s financial experts will be investing and managing this fund in order to get a higher interest income. In the future if AIT needs to use the interest from this reserve fund to provide scholarships or for any other purposes then AIT will send the official request to the Chairman of the FoAIT to seek the Foundation’s consent. Current Campaign Total Date launched: 11 May 2022 Campaign Goal: A minimum of 1 Million USD, (34 Million Thai Baht) Campaign Duration: 3 years (1st year is the soft phase from May 2022 to May 2023 with the aim to achieve 25% of the target (8.5 Million Baht). Starting from June 2023 will be the launch of the campaign to achieve the balance 75% of the target (25.5 Million Baht) by June 2025. Current Campaign Total Update: THB 783,326.50/ USD 20,610.33 (2.30% of goal) as of 31 October 2022. Donation Pledge for AIT Reserve Fund Name of Donor (required) Address (required) City (required) State or Province (required) Zipcode (required) Country (required) Email (required) Telephone (required) Thai Tax ID (In case you do not have Thai Tax ID, please type "000") Yes, I hereby pledge to make a contribution to support AIT! SCHOLARSHIPS USD 500 (THB 16,920) USD 300 (THB 10,152) USD 100 (THB 3,384) Exchange rate as of 25 April 2022 = USD 33.84 OTHER Amount of Donation USD (United States Dollar) when any single item is selected above, but THB will be used if no item is selected above. I would like to pay by Credit Card Type of Credit Card VISAMASTER (Please note that Credit Card payment of more than 9,999,999 THB is not accepted by SBC payment. Please kindly use Bank Transfer.) Receipt to be issued to (required) Address Donor's name (required) For donors in Thailand, the donors can claim the donated amount as tax expense, as AIT is registered as No. 86 Non-profit organization with the Ministry of Finance.
