THE MILLIONAIRE WHO USES HIS MONEY FOR HELPING OTHERS
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| Joseph Chandy, Ayarkunnam, Kottayam |
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While
the rich are often engaged in multiplying their riches, here is a
millionaire who has earmarked his wealth for philanthropic purposes.
Joseph
Chandy (51) of Ayarkunnam, Kottayam, worked for 20 years in USA and
made a bank balance of Rs.10 crores. He uses interest from this savings to fund his aid schemes.
In
1997 Chandy formed a Trust, which gives Rs.1000 to Rs.3000 per year to
poor students in all the 14 districts of Kerala.
He hands over the amount to the students personally every year.
In Thiruvananthapuram District more than 10 students from
Neyyattinkara Taluk are recipients of his largesse for the past 3 years.
From
next year he has plans to expand the beneficiary net to 10000 plus school
students and 1000 plus college students.
Chandy
was born into a poor family. After
Pre Degree, he was forced to study B.Com though his liking was for
Chemistry.
On
graduation he got employment in a bank.
Even at that time he started a tutorial college that charged only
nominal fees. In 1978 he went
to USA and made his millions.
Although
Chandy can well afford it, he lives a spartan life.
He wears ordinary dresses and footwear.
There is not even a telephone at his residence.
This
year, on the occasion of the silver jubilee of his wedding, he is
providing Rs.10000 each to 25 couples to start jobs on their own.
Courtesy: Kerala Kaumudi, August 5, 2002
Contributed by: Administrator
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