| dc.description.abstract | Machakos University endeavours to achieve sustainably, industrial and socioeconomic
transformation of our communities. This aspiration requires prudent
resource mobilization and management which is the intent of this Endowment Policy.
The Policy seeks to support Machakos University, especially on themes that are
strategically beneficial to the institution, the neighboring communities and to the
entire country. It provides a framework for steady flow of funds to Machakos
University, thus focusing on stability and certainty in support of students,
teaching,institutional research and innovation projects.
Broadly, this policy is intended to facilitate consistent investment approach that
cultivates perpetual long-term returns. This permits access to high-quality investment
vehicles and provides a broader set of investment possibilities while fostering
intergenerational equity. The principle of intergenerational equity will ensure that
future generations of students and schools receive at least the same level of support
from Machakos University’s endowment fund just as the current generation enjoys.
It is therefore in my trust that this policy lays infrastructural support necessary for
endowment fund best practices.
Prof. Lucy Irungu, PhD
Vice- Chancellor
&
Professor of Entomology | en_US |
