An excerpt of the Government College University Lahore Endowment Fund Trust Deed is as follows:

1. The Endowment Fund shall be financed by the following sources: 

(i) contributions from GCU;

(ii) contributions from sources acceptable to the Board of Trustees in its discretion;

(iii) donations/contributions from other sources, national or international, acceptable to the Board of Trustees; and

(iv) earnings of the Endowment Fund on account of its working or investments.

(2) GCU has made an initial contribution of Rs.2,100,000 (Rupees two million one hundred thousand only).

(3) The amounts financed/deposited to the Endowment Fund, from time to time, shall remain in perpetuity and only the income derived there from shall be applied towards meeting the operating expenses of the Objects set out hereinafter. Provided that the Board of Trustees may accept any contribution/donation for being spent in its entirety on any specific project/programme relating to the Objects of the Trust. Provided further that:

(a) the Board of Trustees, with the approval of not less than three fourth (3/4) of its total number, may apply the income derived from the investment of the principal sum of the Endowment Fund to support any other objective or project of GCU;

(b) if any amount of the principal sum is required by GCU for any purpose, then such or part of such amount may be withdrawn form the Endowment Fund with the unanimous approval of the Board of Trustees upon certification by GCU that exceptional circumstances exist whereby it urgently needs funds in excess of the amount otherwise available and that failure to obtain such funds would hinder the fulfillment of its objects;

and in any of the events covered by (a) and (b) above, the Trustees shall require that GCU reimburse the amount so applied or withdrawn as soon as possible.

(4) The Board of Trustees shall invest funds in accordance with the provisions of the Income Tax Rules, 2002, or the relevant applicable law.