As a result of the long cherished keen desire with dominant intention of retaining the memories of his Parents eternal in the "Karma Bhoomi" and as a mark of respect and gratitude towards them for having borne as their 4th son, Sri Volety.Venkata Ramana Rao has constituted the "Memorial & Charitable Trust" in the name of his Parents with a view to serve the Society, as he being the staunch believer of the sayings of his father who always strived hard during his entire life time saying "To serve humanity is to serve Divinity" and named it as "Sree Volety Narasimha Rao & Atchayyamma Memorial & Charitable Trust" and got it Registered on 22nd May, 2002.
Following persons are its First Trustees:
1. Sri V.V.Ramana Rao, B.A., … Founder Chairman & Managing Trustee.
2. Smt. V.Annapurna, (B.A). … Trustee.
3. Sri V.V.Sambasivaji Rao … Trustee.
4. Sri V.L.Ganapahty Rao, B.Com., Trustee.(Passed away on 08-04-2004)
5. Sri V.V.L.Narasimha Rao, B.Com., . .. .. .. Trustee/Secretary.
6. Sri V.V.L.Srinivas, B.Com.,I.R.P.M.&.L.W. .. .. Trustee.
7. Sri V.V.L.A.Prasaad, B.Sc.,M.B.A.,D.E.M. .. .. Trustee/Treasurer.