Daily Bhaskar: Chandigarh: Tuesday, June 05, 2012.
Amid claims by the organisations which run charitable educational institutions that they are unable to make profit as expenses have increased, it has been revealed that that these organisations make a profit ranging between Rs 2 crore to Rs 9 crore every year. This revelation was made in a reply to an RTI query filed by Advocate Dinesh Chaddha. He has obtained the account details of charitable educational institutions running in Punjab and other states.
According to Chaddha, any educational institution can be registered under the Indian Trust Act, 1892, and the Indian Society Act, 1860. No one can run an educational institution on individual level. All charitable organisations have to declare that they will run schools or colleges for charity, not for making money. But the RTI reply shows the dark side of the declaration. All major educational institutions are making huge money in the name charity.
In most of the colleges, the founders have taken their relatives on board and are paying them a huge sum every month against their salary. They use luxury vehicles purchased from the trust's income.
Dinesh says that this is the misuse of the money deposited by students. Referring to laws, he says charitable trust cannot do so because they are not an individual's property.
He said educational institutions have been turned into business establishments. He urged the government to deduct the students' fee from the surplus amount deposited in the bank account of schools and colleges.
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