Tata Trusts Charity

Tata Trusts will increase its philanthropic spending to about Rs 2,000 crore in the current fiscal, according to its CEO Siddharth Sharma, who hit back at media focussing only on 'chaos' in the congregation of charities that control Tata Sons, the holding company of the over USD 180 billion Tata Group. Seeking to put "the record straight about the core activity of the Tata Trusts, for which we exist- philanthropy", in a post on LinkedIn, Sharma bemoaned the media amplifying "certain narratives unfortunately, at times, without verification & analysis- that happens", terming it "both the reality and the tragedy of our times". Recollecting how the Tata Trusts came into existence and its purpose, he wrote, "As the majority shareholders in Tata Sons, we deploy, year after year, the dividends that we receive, into philanthropic causes that uplift those at society's margins and help build a nation. This predates, by 122 years, the CSR mandate that was introduced in 2014 for Indian ...

The Commissioner's Office has warned Tata Trusts that any other appropriate orders can be issued to prevent further violation of rules and protect interest of the public trust and its beneficiaries

Former trustee Mistry has accused Tata Trusts colleagues, including Chairman Noel Tata, of appointing non-Parsis as trustees, alleging violation of the trust deed's eligibility rules

Noel Tata's appointment brings clarity to the future leadership of one of India's largest charitable organisations

The government has asked trusts to share the identities of relatives of trustees, settlors, and substantial contributors, along with information about electronic and other modes of payments

The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be considered as application of income for the donor organisation

Trusts and foundations are typically set up for estate planning, not investments

Family philanthropy has proven resilient throughout the pandemic, a report said

Tata said while slums are blamed as the cause of current problem, slum-dwellers are not being properly taken care of

The Trusts further clarified that this order of cancellation is a culmination of the decision taken by these six Trusts in 2015 to surrender, of their own volition, their registration under the Income

Cini aims to cover 1 lakh tribal households in 4 states- Jharkhand, Odisha, Maharashtra, Gujarat