National Foundation for Teachers’ Welfare was set up in 1962 by the Government of India under Charitable Endowment Act 1890, to promote the welfare of teachers. It has its units in all States and Union Territories. The Government of Karnataka, keeping in mind the welfare of students and teachers of the State, established the Karnataka State Teachers' Benefit Fund and Karnataka State Students’ Welfare Fund in the year 1963. It is the first of its kind established for the welfare of students and teachers in Karnataka.
The above three funds are being administered by the State Committee constituted by the Government of Karnataka, comprising of officials and educationists with the Hon’ble minister for Primary & Secondary Education as the Chairman and the Commissioner for Public Instruction as the Ex-Officio Secretary / Treasurer
Source of Income :
Contribution for National Foundation for Teachers’ Welfare is raised through sale of Token Flags on the eve of Teachers day- the birth anniversary of Dr.S.Radhakrishnan, former President of India, who was an outstanding philosopher and a great Teacher of our Country.
For Karnataka State Students’ Welfare Fund and Karnataka State Teachers' Benefit Fund, contribution is collected every year from students of high schools and higher education. Life Membership fees is collected from teachers of all categories. The amount thus collected is utilised for providing benefits to teachers and students.