Our Sustainable Giving Community

Legacy • Annual • Monthly Givers

Intentional Giving for Perpetual Impact

A powerful collective of intentional givers—monthly, annually, or in perpetuity—united by one shared mission: to fuel opportunity, build futures, and sustain dreams

Together, our Angels create ripple effects that uplift communities and generate lasting change—one student, one life, one future at a time

Legacy Angels

Legacy Angel

The Legacy Scholarship—funded through a $20,000 annual contribution over five years (totaling $100,000)—offers a powerful opportunity to make a lasting and transformative impact.

Once fully funded, this named scholarship provides $5,000 in course support for five MBBS students, disbursed as $1,000 per student each year, in perpetuity.

Establishing a Legacy Scholarship empowers future generations of deserving students while honoring your name or that of a loved one—forever.

Legacy Angels

Sanjay & Archana Bindra
Sanjay & Archana Bindra
Anil & Minal Modi
Anil & Minal Modi
Annapurna & Trikur Ramanarayanan
Anil & Rucha Sheth
Avinash & Vinita Gulanikar
Bipin Patel
Dhiraj Narula
Gaurav Daga*
Hasmukh & Nirmala Joshi
Heena Rajdeo*
Jitendra & Panna Shah
Kalpana Savla
Kiron Master
Kishore Harjai
Laxmi & Vibhakar Baxi
Minakshi & Jayendra Patel
Pravin Shah
Sachin & Anuja Navare
Sindhu & Avi Nash*
Vijay Dave

 

Mini Legacy Angels

Mini Legacy Angel

The Mini Legacy Scholarship offers a unique opportunity to establish a perpetual scholarship in your name or in honor of a loved one.

When fully funded—through a one-time $20,000 gift or flexible installments, it ensures lasting impact in your name or a loved one’s.

This scholarship provides $1,000 annually, totaling $5,000 in support for one MBBS student every sixth years.

Mini Legacy Angels

Gajanan & Pramila Shanbhag
Gajanan & Pramila Shanbhag
Gajanan & Pramila Shanbhag
Ashutosh & Kanchan Barve
Ashutosh & Kanchan Barve
Meena Nerurkar
Meena Nerurkar
Prasad Gharpure
Vinita Singhal
Alpa Sanghavi
Avinash Bapat
Bhakti Gidvani
Chanda Banwat
Daksha & Bipin Turakhia
Heena Thakkar
Kalind & Kinnari Bakshi
Kalyani Bhuta
Lata Gidwani
Mehul Gandhi
Miral Jhaveri & Palmi Shah
Nalini & Virender Juthani
Nivedita More
Parag Kale
Pradip Teredesai
Pradip Teredesai
Pratibha Ankola
Rakesh Alva
Rohit Shahani
Sanjay Bakshi
Sharad Gunda
Subodh Bhuchar
Sudhir Kakarla
Susan & Santosh Abraham
Tushar & Purvi Vora
Usha & Jagdish Patil
Vandita & Piyush Johari
Vidya & Kalyan Raman
Vijay & Rita Kusnoor
Vinod Patel
Xerxes Colah
Yogesh Shah

 

Annual Angels

Annual Angel

Annual Angels give annually at the following levels to strengthen the community corpus, directly supporting bright and deserving MBBS students:

Builder – $500/year: Supports half the annual cost of one MBBS student

Sustainer – $1,000/year: Covers the full annual cost of one MBBS student

Monthly Angels

Monthly Angel

Champions: $250/month—Just $8 a day—less than your bagel and coffee—covers half the MBBS course cost for one deserving student through our community corpus

Sustainer: At $100/month—just over $3 a day, less than your daily coffee—you’ll fully support one student’s annual education through the community corpus

Builder: For just $50/month—a little over $1 a day—you’ll cover half the annual cost of supporting an MBBS student through our community corpus

Champions: $250/month

Kirit Chhaya
Rajiv Ashar
Sharad Gunda

 

Sustainers: $100/month

Harini Sarathy*
Mehul Gandhi
Nikita Patil
Ujwala Deshmane Rajgopal

 

Builders: $50/month

Akshay Kumar
Dileep Yavagal
Juan Posada
Prasad Gawade
Promila Thakker
Rakesh Arora
Rashmi Deshmukh

 

As a heartfelt thank you for their ongoing commitment, Angels—whether Legacy, Annual, or Monthly—receive meaningful recognition and connection:

Special Recognition: Your name will be proudly displayed on our website, honoring your role in building a brighter future for medical students

Exclusive Access: Invitations to live virtual events, behind-the-scenes updates, and opportunities to engage in shaping the Foundation’s direction

Lasting Impact: Every Angel becomes part of a growing, compassionate community driving perpetual change through scholarships and support

Become a Legacy Angel, Annual Angel, or Monthly Angel—and shape the future of healthcare

Sponsor a Legacy or Mini-Legacy Scholarship to support brilliant students with limited resources

To learn more, contact Sanjay Bindra at founder@gosumec.org

Prefer to give monthly?
Your ongoing gift—large or small—helps pave the way for talented, deserving students to thrive in medicine

Become an Angel

Your contributions provide scholarships for MBBS Students who excel academically but face financial hardships, ensuring they can pursue their education without obstacles

Choose Your Giving Level
Join as a Legacy Angel or Monthly Angel—with annual or monthly contributions. Every gift, big or small, creates lasting impact

Direct Student Support
Your support fuels the Legacy and Community Corpus, providing direct, need- and merit-based scholarships to deserving students

Receive Updates
As an Angel, you’ll receive regular updates and inspiring stories that show the difference you’re making

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How is my donation used?
Your donation is used directly for scholarships that benefit students based on financial need and academic merit.
Can I change or cancel my donation?
Yes, you can adjust or cancel your monthly contribution at any time through your donor account.
Is my donation tax-deductible?

Yes, GOSUMEC Foundation USA is a registered nonprofit 501(c)(3), and your donations are tax-deductible.

What is the Legacy Corpus?

The Legacy Corpus is a restricted, perpetual endowment built through Legacy ($100,000) and Mini Legacy ($20,000) Scholarships. It is designed to provide named, need- and merit-based scholarships to MBBS students at our alma mater—year after year, forever.

A fully funded Legacy Scholarship supports 5 students in perpetuity.

A fully funded Mini Legacy Scholarship supports 1 student at all times.

Each scholarship honors the donor or a loved one by creating a lasting legacy of education and opportunity.

Purpose: To ensure long-term, stable support for bright, financially challenged medical students—empowering future healthcare leaders for generations to come.

What is the Community Corpus?
The Community Corpus is a flexible, donor-powered fund fueled by recurring monthly, annual, and one-time contributions.

It plays a complementary role to the Legacy Corpus by not only addressing immediate student needs but also fostering long-term endowment growth through sustained donor engagement.

Designed for responsiveness and resilience, the Community Corpus enables:

Scalable support for a larger number of students during years of high applicant demand.

Financial flexibility, with access to cash equivalents that provide a hedge against market volatility, ensuring stability when investment returns fluctuate.

This fund serves as the adaptive engine of the foundation—meeting real-time needs today while strengthening the path to perpetual support tomorrow.

What is the Relationship Between the Legacy Corpus & Community Corpus?
The Community Corpus complements the Legacy Corpus by offering flexibility and resilience. It is powered by monthly, annual, and one-time donors, known as our Angels, and serves multiple vital roles:

Strategic Balance:
We anticipate that donor contributions will form an 80–85% allocation to the Legacy Corpus, which drives long-term, perpetual scholarship support.
The remaining 15–20% supports the Community Corpus, providing real-time responsiveness to student needs and offering liquidity during market downturns.

Financial Resilience:
During periods of market volatility, the Community Corpus acts as a safety net, allowing the foundation to avoid selling equities and ensuring continuity in scholarship disbursement.

Scalable Impact:
The Community Corpus enables us to support additional students in years with high demand or unexpected need—amplifying the reach of the Legacy Corpus without compromising its long-term stability.

Sustainability Forecast:
A Monte Carlo analysis of this blended strategy shows a 70% probability of sustaining the corpus in perpetuity, securing both impact and resilience across generations.

How are the funds invested?
GOSUMEC Foundation USA follows a disciplined, low-cost investment strategy designed for long-term growth and capital preservation:

70% in the Vanguard S&P 500 ETF (VOO) – capturing broad market returns through passive index investing.

30% in Schwab U.S. Treasury Money Fund (SNSXX) – providing liquidity and stability through short-term, low-risk treasury investments.

This 70/30 allocation balances growth with liquidity, ensuring the foundation can meet both long-term goals and near-term obligations.
The strategy is guided by Financial Advisor Dr. David Graham, MD, who brings deep experience in both financial planning and healthcare philanthropy.

How many students are supported each year?
GOSUMEC Foundation USA currently supports 30 new MBBS students every year through merit- and need-based scholarships.

By 2028, after five years of consistent support, the Foundation will sustain scholarships for 150 students at any given time—marking a major milestone in creating a self-sustaining, perpetual scholarship pipeline for bright and deserving students.

Who oversees the endowment funds?
All investment decisions are overseen by the Investment Committee, composed of:

The Board Chair

The Treasurer

Three non-board members with relevant financial expertise

The committee meets bi-annually and oversees the endowment. All recommended changes are subject to approval by the Board of Directors.

This structure ensures expert stewardship, transparency, and alignment with the long-term mission of the foundation.

What is the Individual Scholarship Account?
The Individual Scholarship Account is a non-endowed, one-time scholarship fund held in cash equivalents (SNSXX).

It is comprised of donations from individuals who commit $5,000 in total support to fund one MBBS student for the duration of their course.

Unlike the Legacy or Mini Legacy Scholarships, this is not a perpetual fund—it provides immediate, full-course support for one student without ongoing commitment.

Who are the Individual Scholarship Donors – 2024?
These generous donors each contributed $5,000 to fully support one MBBS student for the duration of their course:

Lalitha Ramanna

Renuka Desai

Lata Gidwani

Clyde Dos Santos

Nalini Juthani

Nila Vora

Who are the Individual Scholarship Donors – 2023?
These donors generously funded one-time scholarships of $5,000 each, supporting MBBS students for the full duration of their course:

Kalyani Bhuta – 2 scholarships

Romi Chopra – 4 scholarships

Kishore Harjai – 2 scholarships

P.B. Iyer – 2 scholarships

Hasmukh Joshi – 2 scholarships

Heena Rajdeo – 2 scholarships

Heena Thakkar – 2 scholarships

Investment Policy Statement:
Legacy Angels fund the Legacy Corpus, while Monthly Angels build the Community Corpus

Both endowments are invested and overseen in accordance with our Investment Policy Statement

Investment Policy Statement