From where do our funds come?
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| All donations made to this Organisation are voluntary and come philanthropic individuals and organizations. No grants or maintenance costs are received from any government agency. |
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How are they accounted for?
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| All funds received are duly receipted and auditied. Annual audited accounts are submitted to the income tax authorities and the Charity Commissioner. |
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How are they invested?
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| All donations received are credit to the Corpus fund, which is invested in seure securities, mainly in the nationalized banks. The interest obtained from the corpus fund is used for the running and maintenance. |
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How can one make a donation?
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| Anyone can make a donation in cash or kind. Donation are accepted in cash or cheques in the name or Care India Medical Society. All donations should be handed only to the Administrator / Secretary and an official receipt obtained for the same. Cheques should be sent by registered mail and will be duly acknowledged after the realization of the same. When no receipts are required, the cash donation can be dropped in the donation box at Hospital Vishranti. For donations in kind, the donors are requested to inquire with the Administrator, what materials are required and would be useful in the hospital, before bringing the same. All donors are requested to sign a form stating details of the donation and earmarking the donation for the Corpus Fund. This is necessary for tax purposes. Also the PAN number of the donor must be stated. |
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Are there facilities for endowments?
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| Endowment for one floor : |
50 lakhs |
| Endowment for one ward : |
10 lakhs |
| Endowment for one room : |
4 lakhs |
| Co-sponsor one single room : |
2 lakhs |
| Endowment for one single bed : |
1 lakh |
| Equipping one ward : |
3 lkhs |
| Cost of one bed : |
25,000/- |
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How are the endowments commemorated?
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| All endowments are commemorated with a donor plaque on the item endowed. |
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Are there facilities for sponsoring running expenditure?
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| We have three ongoing projects for which funds are required for the recurring expenditure. Sponsorship can be made on monthly / yearly basis or for a specific benefit to the community. |
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How are donations acknowledged?
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All donations received are acknowledged with an official receipt.
All donations of Rs.10, 000/- and above receive our special Certificate of Appreciation.
All major donors are listed as “Benefactors / Ambassadors of Care India Medical Society” and receive periodic reports of the work done to I them how their donations is helping our patients. |
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Are there any special benefits for donors?
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| All donations and endowments are accepted totally unconditionally. |
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Are there any tax benefits for donors?
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| Yes, all donors receive tax Exemption Certificate and are entitled for Income Tax rebates under Sec. 80G. Current 80G Exemption Order No. is Pn./CIT-I/12A(a)/80G/66/2008-09/1047 valid up to 31.03.2011. This is renewed every three years. |
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How are foreign donations received?
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| All foreign donations, either in Indian currency or foreign currency or foreign currency are deposited only in our Foreign Current Account under the FCRA with the Bank of India(Pune Main), East Street, Camp, Pune - 411001. An audited statement of all foreign donations is sent annually to Delhi as required by F.C.R.A regulations. |
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What is corpus? Are donations to Care India Medical Society Corpus Tax Exempt?
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| To be sustainable, NGOs need to build up a strong organization. Given the erratic nature of funding, developing a corpus fund is one way that the NGOs have adapted to do this. Donating to the corpus fund helps NGOs design long-term programmes, meet organization costs or emergency needs and achieve long-term viability. Donations to the Care India Medical Society Corpus are also eligible for 100% tax exemption, |
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How do I make a donation?
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| Thank you for your interest in supporting our cause. Our work depends entirely on voluntary contributions. Donate Now. Or find out about other ways of supporting our activities. |
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I am a member of the press - where do I go for information?
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| Visit the News letter for latest updates or contact the media section by sending an email to info@careindia.org.in |
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