A trust was constituted by the Alumni Association of the University of Colombo on 18 January 2022 for the benefit of the undergraduates of the Faculty of Law for the following purposes:
- To advance the knowledge and education of the less privileged undergraduates of the Faculty of Law of the University of Colombo;
- To provide scholarships, equipment, facilities, accommodation and or general economic support to such less privileged undergraduates of the Faculty of Law of the University of Colombo, in pursuit of the first objective above-mentioned;
- To conduct or carry out such other activities as the Trustees may from time to time think desirable in the pursuit of the objectives above-mentioned.
The Alumni Association, as the Settlor, donated a sum of Rs. 200,000/= to the Trust upon setting the Trust. The Trust contemplates receipt of donations, grants from persons, including and not limited to the alumni of the Faculty of Law.