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In order to perpetuate this memory the said Trust dobated a sum of Rs. 50,000/- and about 150 books on Jaioa Seudies to the University of Delhi, which on its part institutod Shri Raj Krishen Jain Memorial Lectures on 'Jaina Saudies and Allied Topics like Ahimsa, Aparigraha, Anekanta, etc., and their Relationship to the Challenges of Our Times'. According to the stipulation, a sum of Rs, 5000/- will be proffered annually to each speaker under this scheme who will deliver at least two lectures.
The Trust is now being managed amongst others by his only son Shri Prem Chandra Jain, and his three grandsons Shri Bharat Bhushan Jain, Advocate, Dr. Desh Bhushan Jain, and Dharam Bhushan Jain, Chartered Accountant. The Trust is carrying on many social and religious activities like actively participating in (a) the constructing of Jambu Deep at Hastinapur (the only strcuture in the world, which will depict the whole cosmos according to the Jaina texts), (b) construction of Shrimati Krishnadevi Rajkrishen Jain Dhaval-Uddhar-Griha at Moodbidri in Karnataka to house 1500 years old palm-leaf manuscripts, idols made from emerald, etc., (c) construction of Shrimati Padmavati Premchandra Jain Library at ShravanBelgola where stands 57 ft. high collosal statue of Bhagwan Bahubali, (d) establishment of Shri Rajkrishen Jain ShisyaVritti in the Department of Jainology and Prakrita in Mysore University; donation of Hindi Vishwa Vidyapeeth, Wardha and so on. During the 25th Nirvan Centenary of Bhagwan Mahavira, the Trust further donated books on Jaina Studies to all the Universities of India Vasaya Samiti, Bangalore, Jains in Andhra Pradesh, Gujarat, Haryana, Punjab, Rajasthan, Maharashtra, etc, and also constructed for the use of the general public electrically operated automatic cold water pios at Ahimsa Mandir, Daryaganj and Hindi Park, Daryaganj, New Delhi and also donated electrically operated automatic water coolers to Boys School in Kuncba Seth and Girls School in Dharampura, Delhi. The Trust has also donated a well for the use of Saraks in village Polma (Bihar).