KUALA LUMPUR: University Malaya (UM) graduates who earn more than RM10,000 are urged to contribute RM1,000 each to the university's endowment fund, says Datuk Seri Anwar Ibrahim.
Prime Minister also said that Cabinet members who are UM alumni will be obliged to donate RM10,000 each to the fund.
He said that with collective contributions to the fund, the RM500mil target is achievable, which would then reduce the burden on the government.
He added that while he did not wish to remove the government's responsibilities, the country is currently facing significant constraints.
"This is due to the inherited economic challenges... marked by weak governance and corruption, which led to the national debt of RM1.5 trillion.
"Given this, it is crucial that the management of the fund is more efficient, as university alumni are among the key contributors to the economy.
"We hope this initiative will strengthen the fund and lead to increased future allocations," he said during his speech at the 2024 UM alumni night here on Tuesday (Dec 17).
