Siddhartha Academy of General & Technical Education which has been running 18 educational institutions started Siddhartha Foundation to serve as its philanthropic wing. Established in the year 1997, today this institution is functioning with a corpus fund of Rs.6.25 crores and a membership strength of 401out of which, 343 are life members and 58 are chief donors. The interest accruing on the corpus fund has been utilized to give financial assistance by way of scholarships to meritorious students belonging to economically weaker sections of the society studying at all levels right from the School level to the level of Universities.
Based on categorical recommendation of the members, these scholarships are given to deserving students hailing from our State for pursuing higher studies anywhere within the country without any gender or racial or religious discrimination inviting applications every year through an advertisement in news papers immediately on commencement of the academic year. At the rate of above 600 students every year, till date the scholarships given by the Siddhartha Foundation have benefited close to 12,650 students and an amount to the tune of Rs.3.84 crores.
By way of contributions to the Prime Minister's and Chief Minister's relief funds in the events of natural disasters and towards programmes undertaken by various service organisations for social welfare causes, along with regular scholarships, the foundation has widened its scope of social service.
For the academic year 2016-2017 Rs.41,70,000/- were granted and disbursed to 746 students studying right from the school level to university level, comprising students studying in Schools, Intermediate & Degree Colleges, Polytechnic, Engineering, Medicine, Pharmacy, Dental, CA, Law, B.Ed. etc courses.
Imparting education to 20,000 girls and boys through 18 educational institutions and encouraging them to develop their personality and contribute to social welfare causes by actively engaging in social services on one hand, the Siddhartha Academy is fulfilling its social responsibility on the other, by disbursing scholarships to students from poor and lower-income backgrounds through the Siddhartha Foundation.