Sir Richard Stagg KCMG, British High Commissioner to India, hosted the inauguration of The Loomba Trust 500 Club at his residence in New Delhi. The Loomba Trust 500 Club is an initiative that will enable individuals to educate a poor widow’s child by donating just Rs. 500 per month or a lump sum of Rs 6,000 for the year. The entire donation will go to the beneficiary and the administration cost will be borne by the Loomba Trust.
The aim of this new initiative is to increase the existing number of beneficiaries of 100 to 1,000 in the state of Delhi. Each beneficiary is selected irrespective of gender, religion, or class. Unlike the previous initiatives, the Trust has expanded the donor pool to a larger population base who may be interested in contributing to the cause.
The launch was attended by over 200 prominent and generous people in Delhi. The Trust raised Rs. 450,000 at the event through donations and auction of gifts kindly donated by Porsche, Ultra Motors, Opera Wines and Mr. Vikram Sahney.