Section 27 in First Statutes of the Rai University
27. Administration of Endowment for the Award of Fellowships, Scholarships, Medals and Prizes in the University.
(1)The Board of Management may accept donations for creation of endowment fund for the award of Fellowships, Scholarships, Stipends, Medals and Prizes of the recurring nature; it can also establish the same on its own initiative.
