The great visionary, philanthropist and patriotCh. Babu Mahadeo Prasad firmly believed that education is essential for personal enlightenment and political freedom. To fulfill his mission he executed his ‘WILL’ and setup the ‘Chaudhary Babu Mahadeo Prasad Trust’ and donated all his assets to this trust in 1914. One of the significant provision of this ‘WILL’ was that 50 percent of the income generated from his assets will be spent on education of the poor. The Chaudhary Mahadeo Prasad Degree College was established on the auspicious day of Maha Shivratri in the year 1950 with the help of Rs One lakh by the trust.Ch Mahadev Prasad had also donated Rs 25000/ to Mahamana Madan Mohan Malviya for Kashi Hindu University.
The Founder Day function is held every year on the auspicious day of Maha Shivaratri. On the occasion of founder day, students get the opportunity to show their talent by presenting cultural programmes. Meritorious students & rankers are being awarded by the college. Retired teachers and employees are being honoured by the Chairperson, Governing Body.