Contributions made towards the Endowment Fund to the Central University Of Karnataka are exempt from tax under Section 80G(2)(a)(iiif) of the Income Tax Act, 1961, vide Notification No. 1 to 191 (F.No.DG(E)/80G/93-94/ dated 15th December 1993 from the office of Director General of Income-tax(Exemptions).The notification is valid in perpetuity.
Central University of Karnataka is also exempt from the provisions of the Foreign Contribution Regulation Act 1976 as per Govt. of India, Ministry of Home Affairs, letter No. II/21022/14(3)94-FCRA.I Dated 23rd December 1994.