VEBART TRUST was established in the year 2001 by Leading Ophthalmologists and Philanthropists of Visakhapatnam City. The Trust is Registered at Visakhapatnam, A.P, India (Regd.No. 74/2001.) M/s. MOHSIN BROTHERS, Visakhapatnam, through their family trust Viz., MOHSIN BROTHERS FOUNDATION has donated a sum of Rs. 5 lakhs towards the corpus fund, in consideration of which the VEBART TRUST had resolved to name the EYE BANK as MOHSIN EYE BANK.

The Trust is voluntary, Non-profit making, Community service organization and has been registered with The "Eye Bank Association of India", Hyderabad and also strictly follows the norms of The Transplantation of Human Organs Act, Govt. of India 1994 and State Govt. of A.P. Act 1995.

Donations to the Trust are exempted under Sec. 80G of Income Tax Act.

"VEBART TRUST" registered under Foreign Contribution (Regulation) Act, 1976 with Registration number 010350170.

MODE OF OPERATION OF THE VEBART TRUST:

1. To run the eye bank on no profit basis as per the guidelines of eye bank association of India with an ultimate aim of establishing the eye bank to the international standards.

2. To create and propagate the awareness of the need to donate eyes and help the society through various Electronic Media, Print Media and volunteers.

3. To arrange for counseling of the members of the bereaved family through trained medico social workers and also by the members of our trust and other friends of bank  members who volunteer for this purpose.

4. To contact various NGO'S and other service organisations like Satya Sai Seva Organisations, Lions Clubs, Rotary Clubs, Vasavi Clubs, Vikas Tarangini and other service organisations for help to propagate this movement and help the trust activities in whatever manner that is possible.

5. Resources mobilization:

i) The trust is created with a seed money of Rs.75,000/- mostly donated by trust members and friends of eye bank.

ii) Another amount of 60 to 70 thousand is promised by few voluntary organizations and friends of eye bank and shall be realised shortly.

iii) Monetary resources mobilization from corporate sector and banks.

iv) To offer a package deal to individuals or organisations for arranging certain number of corneal transplants per year provided they arrange for specified funds to run the eye bank.

v) To conduct certain programs wherein people with charismatic appeal can help to propagate the cause and appeal for funds to Eye bank.

vi) The trust is also working in the direction of seeking the funds that are offered to establish and run the Eye bank from NPCB both at state and central level.

vii) Finance resources and technical help is also to be sought from NRIs (mostly doctors) and other agencies abroad. The ultimate aim is to create a core deposit money of Rs.1 crore for smooth running of trust and its activities especially the eye bank.