Modern School, founded in 1920 by nationalist-minded, visionary educationist LalaRaghubir Singh, with an aim to impart Indian and progressive education to children has blossomed into one of the leading educational institutions of the country. The Modern School Old Students' Association (MSOSA) is one of the most active & vibrant Old Students' Association in the country today with a membership of approx 15000 members. Over years, MSOSA has engaged in a number of cultural and sporting activities to raise funds for supporting various philanthropic activities and has contributed to the national causes like Kargil War Relief in 1999, Gujarat Earthquake in 2000 and Tsunami relief effort in 2004. The Modernites Trust was created in 1983 by MSOSA to support the charitable and philanthropic activities.
The most important and prominent activity the Trust supports is the Scholarship Programme under which free education in Modern School is provided to meritorious and needy students from the under-privileged sections of society. Since its inception, there have been over 78 beneficiaries. Currently, 31 students are studying in Modern School, Barakhamba Road under this program.
The Modernites Trust was established as a recognized charitable organisation under section 12A of the Indian Income Tax Act, 1961. Under the Income Tax laws, income of the Trust is exempt from taxes subject to certain conditions and rules stated in law.
The Trust is also registered under section 80G of the said Act. Indian taxpayers are entitled to a 50% deduction for donations to the Trust subject to the total deductions not exceeding 10% of the donor's total gross taxable income. Usually, tax deduction is not available in foreign countries towards contribution made to Indian Charitable trust, unless applicable under their respective country's law.The Trust is managed by a Board of Trustees which includes six Permanent Trustees and five Ex-officio Trustees including President of MSOSA and Principal of Modern School, Barakhamba Road. The Permanent Trustees are appointed for a term of 15 years or till the age of 65 years, whichever is earlier.Any vacancy is filled up by the remaining Permanent Trustees only.