In an environment of many considerations, donations for non-profit organizations is filled with many questions. This is further supported by a recent newspaper release. This report brings to fore that there are over 20 lakh NGOs operating in India. Of the 43,527 NGOs that have the approval for accepting foreign donations, only 22,702 have submitted the mandatory accounts with the Government. This state of affairs certainly clouds the mind of a generous donor with many questions. But there are many NGOs like The Akshaya Patra Foundation that regularly and diligently publishes Annual Report of every financial year and submits its financial statements to the Government thereby doing justice to the Government’s permission to collect overseas donations under the Foreign Contribution Regulation Act (FCRA), 1976. The Finance Ministry has also encouraged the Foundation to seek donations under Section 35 AC and 80 G of the Income Tax Act which also permits the issuance of 100% Tax Exemption for any donation made above Rs. 500.
Akshaya Patra is an implementing arm of the programme called mid-day meal India. It has been working in the Public-Private Partnership model where it receives Government Grants and Subsidies and also receives funds from donors to meet the deficit. This NGO has been running the mid-day meal in India since June 2000. This feed a child charity welcomes and provides a platform for community participation to help with time, skill or resource. Akshaya Patra provides its donors a wide range of donation platforms to choose from according to their convenience and ease. Akshaya Patra opines that donations for non-profit organizations is just one medium of help. Thus it also provides other charitable options like volunteering, blogging, online social networking and the like. Get involved will introduce you to a world of options to through this Indian feed a child charity.
Certainly, donations for non-profit organizations are an important aspect but at the same time it is an onus on the NGOs to keep its shareholders informed about the financial climate of the organisation. Akshaya Patra regularly publishes its Annual Reports highlighting the developments, future plans and financial statements of the completed financial year. Akshaya Patra has been the recipient of Institute of Chartered Accountants of India’s (ICAI) Gold Shield Award for five consecutive years for Excellence in Financial Reporting in the NGO category. With the Gold Shield Award for 2012-13, the Foundation has been inducted to the ICAI’s Hall of Fame. Click Annual Reports to view the published financial statements of Akshaya Patra till the financial year ending March 2013.
When you donate to this Indian feed a child charity, you are sure that you are feeding hope, dreams and aspiration of the child too. Support the programme of mid-day meal in India. Choose to donate. For further enquiry about the Akshaya Patra programme, please write to the Foundation at infodesk@akshayapatra.org
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