| GiveIndia Newsletter, March 2011 |
Our Income tax act encourages good deeds! |
 Did you know that our income tax act encourages donations to charities? The amount you donate to an NGO is deductible from your taxable income and offers you a benefit of either 50% (u/s 80G) or 100% (u/s 35AC).
GiveIndia offers you the flexibility to choose not only the NGO but also the cause you believe in. All NGOs on GiveIndia have been screened for transparency and credibility. We send you an immediate tax receipt; as welll as a feedback report (4-6 months later) for your donation to these NGOs. |
 5 cities - Bangalore, Cochin, Mumbai, Hyderabad, Pune - competed to raise funds online for local charities of their choice as part of Twestival 2011 - an annual event that encourages local groups of Twitter users to host events in aid of their favorite charities.
The prize? GiveIndia (official fundraising partner for Twestival 2011) matched donations of the top 3 fundraising cities during this event.
Hyderabad has emerged the clear winner. They won Rs. 50,000 in matching funds for being the top fundraising city; and another Rs. 50,000 for bring the city to raise funds from the most number of donors.
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| Milestones of our Payroll Giving programme |
Introduced in 2004, our Payroll Giving is a unique programme for corporate employees to support NGOs of their choice by setting aside a small sum from their salary every month, to donate at a later date; making it possible to donate without feeling the pinch. On March 10, 2011, as Power Grid became the first company to implement monthly giving through bank account deductions (and Clickable.com, the first to deduct through credit cards), we traced the growth of this programme - From an initial amount of Rs. 800 in 2004 to a monthly collection of Rs.70 lacs today, Payroll Giving has been welcomed by alot of companies over the years!
We are happy to share with you that today more than 40,000 employees across 70 companies are a part of this initiative. |  GiveIndia is proud to tell you that this year too we held the India Tax Saving Challenge - an online fund raising event similar to the India Giving Challenge. During this month long event, NGOs reached out to their supporters and raised funds for their cause - getting rewarded for their efforts in turn, through matching grants from us. A whopping amount of Rs. 50 lacs was raised from over a thousand donors. Matching grants to the tune of Rs. 35 lacs will be given to top fundraising NGOs - watch this space in next month's newsletter for the winners. | |
| A total of Rs.73.06 lacs was disbursed to 228 NGOs last month.
The top 5 NGOs who received funds in the past month are:
1.Sevalaya- Rs.2,45,607
ARDAR- Rs.2,41,510
Dr. Shroff's Charity Eye Hospital- Rs. 1,75,478
Child Aid Foundation- Rs.1,66,004
5. Bani Mandir - Rs.1,42,728
The 5 NGOs that received the least funds last month are:
1. Community Aid & Sponsorship Programme (CASP) - Rs.909
2. IBTADA - Rs.750
3. Native Medicare Charitable Trust - Rs.500
4. Bihar Gramin Vikas Parishad - Rs.250
5. Sahara, Orissa - Rs. 250 |
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GiveIndia welcomes the following NGOs on board. Be one of the first to support their activities by clicking on their names and learning about their donation options:
Score Foundation: Their vision is to empower the visually handicapped by providing them education, guidance and support. They are working for these individuals so that they can be considered as fully fledged members of family, community and society. Social and Development Research and Action Group (SADRAG): Started in 2004, SADRAG is continuously working towards the upliftment of women and children in our society. They work to make them independent by means of education and vocational programmes. The Ma Foi Foundation's vision is to help disadvantaged communities achieve economic independence by building an integrated support system that provides education, health, and training by partnering with community based organizations and corporate houses. |
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