Dear Friends and Colleagues,

APPNA Alumni Scholarship Project has made great strides since its inception in 2013. Contributions have exceeded TWO MILLION DOLLARS, including the matching grant. These funds are being invested in the dedicated APPNA Scholarship Endowment Account, according to the APPNA Finance Committee Guidelines. The investment is being managed by Stephens Inc., a member of New York Stock Exchange, under the close supervision of Hank Bashore who has been diligently managing APPNA Accounts for over 25 years. The total value of funds in the APPNA Scholarship Endowment Accounts with Stephens are $2,080,106.33 as of September 30, 2016.

The following is a breakdown of total funds as of September 30, 2016:

Nishtar Medical College: $993,539.75
King Edward Medical University: $495,232.81
Jinnah Sindh Medical University: $193,550.64
Quaid-I-Azam Medical College: $141,112.87
Rawalpindi Medical College: $123,387.64
Fatima Jinnah Medical College: $82,891.94
Khyber Medical College: $31,363.17
Bolan Medical College: $19,027.51
Total Contributions: $2,080,106.33

As you can see below we have sent the second distribution to the respective Alumni to award the scholarships to the deserving students at participating medical colleges.

Nishtar Medical College: $28,000.00
King Edward Medical University: $14,000.00
Jinnah Sindh Medical University: $5,600.00
Quaid-I-Azam Medical College: $4,000.00
Rawalpindi Medical College: $3,500.00
Fatima Jinnah Medical College: $2,400.00
Khyber Medical College: $900.00

The Scholarship Program is ongoing and you can still donate to your favorite alumni by visiting the website at www.appna.org or print the pledge form to make your payment by check or credit card.

Respectfully Submitted,

M. Masood Akbar, MD
Chair – APPNA Scholarship Committee
Ghulam Qadir, MD
Co-Chair – Scholarship Committee
Amera Rehman, MD
Co-Chair – Scholarship Committee