Page 2 - Donations

Charitable trusts having a tough time under new regulations, seek more time

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

Shri Ram Janmabhoomi Trust seeks FCRA nod to accept foreign donations

Swami Govind Dev Giri Maharaj, the treasurer of Shri Ram Janmabhoomi Teerth Kshetra Trust, on Monday said the trust has applied for permissions under the Foreign Contribution (Regulation) Act to start accepting donations collected by people in different parts of the world. Speaking to reporters, Swami Giri said the trust has so far collected more than Rs 3200 crore in donations from individuals and organizations within the country. "People (Indians) living abroad have collected donations there, but we have not accepted them. We will start receiving these donations as we have already applied for FCRA permissions, and we are sure we will get the required permissions," he said. "We have so far received donations to the tune of Rs 3200 crore from individuals and organizations within the country, and the work of the temple is also complete. People are eager to contribute towards the work and we are sure there wont be any paucity of funds ever," said Swami Giri. He informed that Heritage

Undue influence? Anonymous donations to WHO's new foundation raise concerns

Nearly 40 per cent of the money raised by the WHO Foundation in its first two years came from anonymous sources, worrying some that donors may be trying to influence the World Health Organisation and its role in shaping global health policy with their gifts. The foundation, launched in 2020 to help raise private sector funds for the WHO, said it received USD 66 million in direct gifts through 2022, with USD 26 million coming from donors who chose not to be publicly named. Anil Soni, WHO Foundation CEO, told The Associated Press the foundation's board, which includes a representative from the WHO, knows the donors' identities and that the foundation will not accept a gift if there is a conflict of interest. They want to be anonymous because they're otherwise solicited or even targeted because they're seen to be a source of wealth, Soni said in an interview. And I respect that. The foundation, which is based in Switzerland, is not required to disclose its donors. Some global health

Donations made to move to lower tax slab can make taxman see red

Donate only to legitimate organisations using banking channels, maintain documentation to back up claim

WHO appeals for $392 mn healthcare donations to help war-torn Yemen in 2023

The appeal was made on the eve of a high-level pledging event for the humanitarian crisis in Yemen, a UN-led fund-raising activity held on Monday in Geneva, Switzerland, Xinhua news agency reported

UN chief Antonio Guterres calls for donations to emergency response fund

'At a time of tough tests for the humanitarian sector, CERF's focus on under-funded crises was more important than ever'

Philanthropic donations can pay you monetarily, finds think tank report

India offers two different rates of deduction on its most popular tax incentive scheme (also known as the 80G scheme), 50 per cent and 100 per cent, depending on the recipient

BJP received 94% of corporate donations at Rs 163 cr in last 5 yrs: Report

The ruling Bharatiya Janata Party (BJP) got Rs 163.54 crore, or nearly 94 per cent of corporate donations received by four political parties in Gujarat in the five years from FY 2016 to FY 2021, a report by the Association for Democratic Reforms (ADR) said. Total corporate donations declared by political parties from Gujarat between fiscal 2016-17 to 2020-21 stood at Rs 174.06 crore from 1,571 donors, out of which the BJP received Rs 163.54 crore from 1,519 donors, said the report released on Sunday. The four political parties are the BJP, Congress, Aam Aadmi Party, and Samyukt Kisan Morcha (SKM), the report informed. Congress stood a distant second getting Rs 10.46 crore from 47 donors, stated the report. "Of the total corporate donations (Rs 4014.58 crore) received by political parties in the five-year period, 4.34 per cent or Rs 174.06 crore worth of corporate donations came from Gujarat. This is based on the data analysed from the contribution reports submitted by the political

Majority of donations in India made to religious organisations: Report

Nearly 64 per cent of total donations went to religious organisations and the highest number of donations were made by lower-income and middle-class households, says a latest survey

Mahakaleshwar Temple in Ujjain gets record Rs 81 cr as donations in 1 year

The famous Mahakaleshwar Temple in Ujjain in Madhya Pradesh has collected a record Rs 81 crore as donations from devotees and other transactions between September 1, 2021 and September 15 this year, an official said on Monday. This is an all-time high and comprises donations, sale of ladoos, gold, silver as well as rentals, Mahakaleshwar Temple administrator Ganesh Dhakad said. "Earnings during the same period in 2016-17 was Rs 28 crore, while it was Rs 37 crore in 2017-18 and Rs 40 crore in 2020-21. Devotee numbers are increasing due to good amenities provided by the temple management, speedy darshan system etc," he said. Mahakaleshwar Temple is one of the 12 'jyotirlings' in the country.

Pakistan rejects flood relief donation worth $145,000 from Bangladesh

Pakistan has rejected Bangladesh's offer to supply humanitarian aid worth 14 million takas (roughly $145,000) as the country continued to suffer great loss during monsoon flooding

What has been the impact of family philanthropy in India?

Pandemic also reinvented philanthropy in India. Gautam Adani recently pledged to donate $7.7 bn to social causes. But is the family philanthropy by ultra-rich Indians making the desired impact?

Statsguru: Six charts that show India's rich remain reluctant givers

Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors

Giving back: Techpreneurs reshape philanthropy, one donation at a time

UHNI is classified as those with a networth of over Rs 1,000 crore, making donations of over Rs 5 crore

Ukraine gets $700,000 donation from Grand Slams, WTA, ATP, ITF

A donation of $700,000 to aid humanitarian relief efforts via Global Giving's Ukraine Crisis Relief Fund and to support the Ukraine Tennis Federation was made by the four Grand Slam tournaments

IISc gets Rs 425-cr donation to build an 800-bed multi-speciality hospital

The Bagchi-Parthasarathy Hospital will be built within the existing IISc Bengaluru campus, taking full advantage of the co-location with the science and engineering faculties and labs

Donors pledge over $467 million for UN emergency response fund

Thirty-nine donors have announced record pledges of more than $467 million for the UN Central Emergency Response Fund (CERF) for 2022, said

Over 55% donations to regional parties from 'unknown' sources, shows data

The total income of 25 regional political parties in FY20 was Rs 803.24 crore

In 2020, the year of Covid-19, Indians donated 43% more: Survey

Two in three gave money or goods to charities or for community services, and an equal proportion said the government and businesses should have contributed more, says the 'India Giving Report 2021'

SBI donates Rs 22.87 lakh to RML Hospital for expanding healthcare facility

State Bank of India (SBI) on Friday donated Rs 22.87 lakh to Ram Manohar Lohia (RML) Hospital, New Delhi, for augumenting healthcare facility to help nation in the fight against the COVID-19 pandemic.