Kagdadia Scholarship Fund
Ashwinbhai Govindji Kagdadia, Leicester
Ashwinbhai is based in
Leicester, UK and is a generous philanthropist supporting various
His philosophy is to put something back into the community and for some time he
has been searching for a new worthy project.
A friend introduced him to an investment project at Staffordshire University
where a developer is selling newly constructed flats
on a 250 year lease. It
got him thinking that he could acquire a (debt free) flat and the income from the
flat could be used to fund
scholarships for high attaining but financially
Donations to Staffordshire University are funding life-changing bursaries,
scholarships, and opportunity awards.
With this thought he contacted the University in September 2020 with a
proposition and they welcomed his thoughts. Then after
some correspondence Ashwinbhai
finalised the details of the scholarship fund and qualifying criteria. He
finally signed the
agreement in November 2020.
The flat that Ashwinbhai acquired will fund £4000.00 per annum from the rental
income which will increase with the passage of
time. This will assist a total
of 6 students (at present but may increase in time) for the duration of their
The 2020/21 year is the first year and so when these 6
students graduate in 2024 or 2025 if it is a 4 year course the scholarship
will then move onto assisting 6 new students.
Scholarship Fund helping
students in need
The ASHWIN KAGDADIA SCHOLARSHIP FUND at
Staffordshire University has now awarded scholarship financial assistance
computer science student and a biomedicine student. The university and
Ashwinbhai are still receiving applications for the
remainder of the fund for
2020/21 academic year to make up the compliment of 6 students. The University
manages and reviews
the applications. Thereafter appropriate due diligence is
undertaken and the successful candidates then receive funding for the
of their studies provided they continue the course and continue to achieve the
criteria for the funding in terms of grades.
The scholarship fund is self financing with an endowment fund of income
generating property - which will endure for at least 250 years.
Ashwinbhai graduated from Loughborough University in 1983 and ran a very
successful accountancy practice. He retired from
business in July 2018 having
sold his practice.
There is no better spiritual satisfaction than to help those less fortunate.
Apart from the above donation, he is also an Alumni Donor with the Alumni
Association at Loughborough University. Alumni are the
former students of a
school, college, or university.
Ashwinbhai's inspiration comes from the blessings of his parents -
Govindji Madhavji Kagdadia and Late Mrs Ottamben Govindji Kagdadia.
If Ashwinbhai's project inspires other members in the community to do likewise,
he will consider it a blessing.
Please contact Ashwinbhai on +44 7976 716746 for further information or wish to
be part of such a philanthropy.