Professor Radhakamal Mukerjee Endowment Fund was set up jointly by the Indian Sociological Society (ISS) and the Indian Council of Social Science Research (ICSSR) in 2010. The fund was constituted of (a) a donation from the Radhakamal Mukerjee Memorial Society to Indian Sociological Society, amounting to Rs. 3 lakh, and (b) a grant of Rs.1.5 lakh given by the ICSSR to the ISS. A Committee composed of the following manages the Fund: (i) the President of ISS, who is also be the Chairman of the Committee, (ii) one sociologist or social anthropologist nominated by the ICSSR, and (iii) one representative of the Radhakamal Mukerjee Memorial Society.