Serendib Educational Foundation, one of the few scholarship funds that has an endowment fund under its jurisdiction, carried out many activities during the year 2016 and the climax of the 25-year celebrations was the Serendib Educational Foundation Annual Interviews and Awards Day held on August 14, 2016 at the MICH Auditorium, Colombo 6. 

Dignitaries from the business, legal, academic and financial sectors graced the occasion. Special presentations were made by attorney-at-law and guest of honour L. Usuf, Zahira College Board of Governors Chairman Fouzul Hameed was the keynote speaker and the chief guest was Faiz Mustapha.

Serendib Educational Foundation is incorporated under the Parliament Act No. 54 of 2009. Since its inception, it has been providing students from economically backward sections of the community easy access to higher education. 

The event commenced with the interviews of potential scholarship recipients from many parts of the island. These students had excelled at the GCE O Levels and A Levels but due to poverty and financial issues they were unable to proceed with further studies. However, Serendib Educational Foundation stepped in to give these deserving students the much-needed financial support through a scholarship programme, which would cover their entire higher education. This laudable venture by Serendib Educational Foundation gives around 150 scholarships annually, each scholarship averaging around Rs.90,000 per student.

Serendib Educational Foundation is focused on offering monthly assistance to talented students, project-based support to educational institutions and any other activity that facilitates education.

 
The audience numbering around 200 were invited to contribute towards various endowment funds. The funds included the Collective fund – an individual can invest Rs.10,000 or multiples thereof to enrich the endowment pool. 
The Serendib Educational Foundation’s endowment fund is a dedicated and permanent source of funding that enables the foundation to provide scholarships to deserving students throughout Sri Lanka. As the endowment fund provides an enduring source for scholarship distribution, it is imperative that it is sustained and therefore, Serendib Educational Foundation has different ways the donors can contribute.
The Single Endowment Fund invests Rs.375,000. The income derived from both the schemes meets monthly payments of Rs.2500 for students.

There are four easy steps to contribute: 1. Make an intention to create a single endowment scheme. 2. Commit an amount that is best suited to your financial situation. 3. Use the endowment to honour or as a memorial to loved ones like your parents. 4. One off cash donation or make a pledge to donate a fixed sum over a period. Serendib Educational Foundation invites all Sri Lankans to join them ‘to light a candle to illuminate the path of the future’.
Since 1991, Serendib Educational Foundation has awarded more than 2800 scholarships to deserving students. The organisation, in accordance with Nelson Mandela’s pronouncement ‘Education is a powerful weapon which you can use to change the world’ has provided financial grants to enable students to achieve their goals.