How many Victorians are aware we have a VIOBA Foundation that supports the school and Victorians in general through scholarships and other expenses? Do you know it has a tax exempt status? This means donors will enjoy tax relief for the amount donated!
Many Victorians have created funds (kept in Fixed Deposits) of which interests are then utilised to support the school and Victorians. Currently VIOBA Foundation has close to RM3 million which generates about RM90,000 a year which is then used to support the scholarships and expenses.
While RM90,000 is a lot of money, it is still insufficient compared to the demands placed on the Foundation. They are very strict about the application of the funds and operate on very tight rules. I must say they have been doing a great job thus far.
Since the new school year is starting soon, VIOBA Foundation is assisting some poorer students with purchases of uniforms and books as well as providing monthly financial assistance through its “Adopt a Brother” scheme. It is hard to imagine but I assure you that there are some Victorians now that do not have money to eat or take public transport to attend school!
As always we look towards well-wishers providing support to Foundation so that we in turn could support the school and Victorians. Those wishing to assist can contact Foundation Honorary Secretary En. Akram at email@example.com or Honorary Treasurer En. Nik Sidek at firstname.lastname@example.org or VIOBA Honorary Secretary En. Zainal Abidin at email@example.com for more information. All donations will be provided with a tax exempt receipt and no amount is too small!
Even if you cannot donate, spread the word out as donations can come from all sources. Thank you for your support.