In 2011, we (BITSAA) engaged with BITS Pilani leadership to clarify issues pertaining to the raising and governance of Funds raised by alumni. This was to enable a clear and productive working relationship between BITS Pilani (the University) and BITSAA International (on behalf of all individual Chapters and BITS Alumni in general). This covers alumni fund raising, fund transfers and fund disbursements for various causes. It enables a sound, fiscally transparent responsible relationship between BITSAA and BITS-Pilani. Further the MoU is expected to strengthen the alumni bond with BITS Pilani and give alumni in general the confidence that any funds donated by them will be used promptly, prudently and as desired by the donor.