We often talk about JK Lakshmipat University, Jaipur being a philanthropic venture of 125-year old JK group. Yesterday, someone on social media asked, "what does it mean?" In particular, does it mean that there is no fees. I explained there, but I thought this might be a question that many may had, and hence this brief blogpost. Almost all private universities have only one source of funding which is the fee that they charge the students under various heads. Usually the promoters will fund the initial setting up expenses and after 3-4 years will stop further investments. Indeed, even expansion of infrastructure for more students is typically done through loans which are repaid from student fees. And it is a good model as long as promoters don't find ways to take out the surplus. In case of JKLU, the JK group is funding the university even after such a long time (we have been in existence for 12 years). We get philanthropic gifts from many sources. This allows us to keep