It is a public open-end endowment fund, endowed for the benefit of King Khalid University and aiming to enhance the developmental role of private endowments by participating in supporting sustainable community development, and increasing and investing the fund endowed assets in order to achieve social solidarity and benefit both the endowment disbursement channels and the endowed asset.

The fund manager will work to invest the fund assets, which include cash, real estates, securities, and more, with a view to achieve capital return and distribute a specified return rate annually and continuously on the fund specified disbursement channels of sustainable community development, where the university is committed to spend the fund returns on the following objectives:

• Improve education and learning outcomes to suit jobs market and sustainable development requirements.
• Promote research and innovation to meet community and economic needs.
• Promote community responsibility and volunteerism.
• Improving the quality of university life. Institutional excellence.
• Diversification, development and sustainability of revenue sources.