Universiti Teknologi Malaysia (UTM) UTM planned to spend the collected (and other sources) UTM Endowment Fund mainly to sponsor undergraduate students to receive UTM Endowment Scholarships (54 in 2011, 150 in 2012, 8,000 in 2020) and funding special projects such as advanced labs and research grants (RM2 mil in 2012, RM70 mil in 2020). This can only possible throungh commitment to raise sufficient fund through contributions (such as Endowment Ramadhan Package) investments.