Endowment Fund (VCEF)

Introduction

One of the core values of the University of Professional Studies, Accra is ‘Service,’ translated as ‘recognizing social needs and applying our strengths and knowledge to address those needs’. In pursuance of this value, the University has established the Vice Chancellors Endowment Fund (VCEF), an investment fund established for receiving third party donations as well as contributions from the University, with the purpose of generating operating income for scholarships. The VCEF is an investment fund of cash, securities or other assets set aside for perpetuity to provide funding for UPSA scholarships.

Rationale

A key factor accounting for under-development in Ghana is poor access to education. UPSA’s aim is to improve access to university education in Ghana by enabling bright and needy students receive undergraduate education at UPSA. Every year, about 1.350 students who qualify to enter UPSA are not able to do so due to financial challenges. An average of 300 UPSA students defer their studies at UPSA each year due to financial challenges. A significant number of UPSA students drop out before completing final year due to financial constraints. UPSA receives averagely 1450 applications for financial assistance each year. To help resolve these and other related financial challenges, UPSA is soliciting for donations to be invested for returns which will ensure financial support for such needy and brilliant students.

Objectives

  1. To identify and support bright and financially challenged Ghanaians who desire an opportunity to undertake tertiary education at UPSA.
  2. To support progressive and needy continuing undergraduate students through provision of scholarships tenable for training at any of the UPSA faculties.
  3. To enable the marginalised and disadvantaged (e.g. girl child, orphans; persons with disability) gain access and complete tertiary education at UPSA
  4. To promote co-curricular activities by supporting needy but talented students (e.g., sportspersons, creative students) to pursue academic programmes at UPSA.

Scope

Based on the objectives of VCEF, the disbursement of the fund covers full or part scholarships for newly admitted and continuing undergraduate students as well as newly admitted and continuing students pursuing professional courses at UPSA. The scholarship also covers the marginalised and disadvantaged in our society as well as the talented who are needy.

Fund Management

The primary investment objective of the VCEF is to produce a rate of total return which will permit maximum support for the scholarship scheme to the extent that is consistent with prudent management of investments.

The Vice Chancellor of UPSA is responsible for the overall management of the VCEF under the guidelines set by the University Council. The Vice Chancellor works through the VCEF Board of Trustees (composed of eminent external persons) who hold and manage the original contributions according to the investment policies. The Board of Trustees supervise the VCEF Fundraising Committee; the VCEF Scholarship Awards Committee and the external VCEF Fund manager.

Our Appeal

UPSA is targeting an amount of one hundred million Ghana cedis (GHS 100 million) as seed amount for the VCEF. Towards this target, UPSA will greatly appreciate if you support the fund with a substantial financial donation. Your donation will be invested by the VCEF Board of Trustees to yield returns which will provide scholarship for identified needy students. Your donation will improve access to University education at UPSA which positively contributes to national human resource capacity enhancement and poverty reduction.

Whilst we prefer a financial donation which can be easily channelled into investment, alternatively, you may wish to sponsor a specific number of students pursuing particular courses at UPSA over a specific period. The cost of sponsoring one undergraduate student per year including boarding and lodging is GHS 10,320; GHS 11,320 for LLB level 100 entry and GHS 15,200 for LLB level 200 entry.

UPSA will be further grateful to receive support for VCEF in the form of learning resources and materials. Your kind donation in any of the above forms will be highly appreciated.

UPSA's Contribution

To demonstrate our commitment to the fund, the entire UPSA community has supported and will continue to support the fund from its own sources such as: Personal contributions from the Vice Chancellor; Pro-Vice Chancellor; Registrar; all Directors and Deans; UPSA Governing Council; UPSA Management; all UPSA Unions & membership groups; all UPSA Faculties & Centres; UPSA Alumni as well SRC and GRASAG students’ contributions.

Your Benefits

As you generously donate to the VCEF in support of UPSA’s social intervention, UPSA will in response avail to you tailored benefits aimed at reinforcing your position at the marketplace. These would include Citations and Certificates of donation; National recognition for Corporate Social Responsibility; Brand exposure and patronage as well as long-term brand loyalty of our over 12,000 students and countless Alumni; Brand promotion through road shows and promotional walks; Free or discount fees during UPSA training programmes; Discounted Consultancy fee for Consultancy services rendered by our Research and Consultancy Centre and listing on our VCEF donor register at UPSA website. Our Fundraising Committee will be happy to meet with you to discuss your specific benefits or   provide you with more information on VCEF.

Your Donation

Please use the following bank details to make a direct donation to the VCEF:

Bank & Branch:     ACCESS BANK, UPSA BRANCH

Account Name:      UPSA ENDOWMENT FUND

Account Number:   0240101808911

Account Currency: GHANAIAN CEDI

If you are making a VCEF donation in kind, kindly call any of the following for assistance. You may also call any of them to ask for a meeting with the VCEF Fundraising Committee or for further information.

 

Mrs. Kafui Agomeda-Tetteh:  0203001718

Samuel Seshie:                          0242189730

Peter Kudjie:                             0242879028

Dr. Albert Martins:                     0266195525

 

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