Objective of Hamdard National Foundation
The Hamdard National Foundation was created with a view to received and disburses the profit earned by Hamdard (Wakf) Laboratories. The objectives for which the Society is established are as follows:
- To receive, control and supervise proper utilization of the income of the Foundation received from the Hamdard (Wakf) Laboratories and from any other body, person or concern, Indian and Foreign, in any form as aid, grant or bequests, with or without any condition, to protect and promote the interests of the Society, and to safeguard the rights, privileges and interests of all those who derive benefits from the Society.
- To spend the income of the Foundation only within the territories of India and only on objects of public charity:
They must be objects of public charity for the benefit of all persons irrespective of caste, color or creed such as relief of the poor, education, medical relief and the advancement of any other object of general public utility not involving the carrying on of any activity for profit; and
They must be consistent with the principles of the true teachings of Islam.
Provided, however, that in spending the income on objects of public charity, priority shall be given to the collective needs of the country or to such needs as may benefits the largest number of persons or their future generations.
- To Collaborate and cooperate with institutions having similar objectives.
The trustees, who have all been eminent people, have met regularly and decided the quantum to be given to various institutions in fulfillment of the above objectives. The Hamdard National Foundation has set up and sustained with its funds a number of educational and cultural institutions which have received recognition nationally and internationally.