A D V de S Indraratna Foundation

Professor A D V de S Indraratna was felicitated at a ceremony held recently for establishing A D V de S Indraratna Foundation which is a Charitable Trust that has several objectives.

The objectives are to provide scholarships or funding in any other form to needy and deserving students to enable them to pursue courses of study in Economics at any University or any Institute of higher education, as well as to promote the advancement of education and knowledge in the field of Economics, to fund any research in Economics relevant for national development and any other purpose beneficial.

The Foundation was set up by a deed of Trust with an initial endowment of Rs. 1,000,000 provided by Prof. Indraratna.

The foundation is being managed by a Board of Trustees consisting Prof. ADV de S Indraratna, Dr. WSP Indraratna, Dr. VKP Indraratna, Dr. Jagath M. Balasuriya, Dr. Upananda Vidanapathirana, K. Lionel, H.J. Perera and Amrith Rajapakse.

The foundation has already been declared as an "Approved Charity" under the Inland Revenue Act No. 10 of 2006, with the result that all donations to it will be treated as tax-deductible.

The accounts of the foundation will be audited annually. The fund will become operative from January 1, 2009.