How we stay accountable
A new foundation has to earn trust before it asks for money. These are the commitments we hold ourselves to, and the documents you can check them against.
Restricted funds stay restricted
Money given to a named programme is held in a separate ledger and spent only there. If we cannot spend it on that programme we come back and ask you, rather than quietly moving it. Unrestricted gifts go to the programme with the largest current funding gap, and we say each year which that was.
Audited every year
Accounts are audited by a chartered accountant appointed under Section 139 of the Companies Act 2013, and financial statements and the annual return are filed with the Registrar of Companies. We publish the balance sheet and income and expenditure account on this site once filed.
Separate accounts where the law requires
Corporate social responsibility receipts are held and reported separately under Section 135 and the CSR Rules, project by project. Foreign contributions, once we are registered under FCRA 2010, will be held in the designated account required by that Act and used for nothing else.
No private benefit
No member or director receives salary, dividend, bonus or any benefit from the foundation, beyond reimbursement of out-of-pocket expenses. Related party dealings are recorded in the register under Section 189 and disclosed in the financial statements. Directors with an interest in any matter do not vote on it.
What we publish
- Annual audited financial statements
- Annual programme report, including what did not work
- Programme-wise allocation of restricted funds
- Registration certificates — incorporation, 80G, CSR-1 and FCRA as issued
Registrations
Section 8 company, CIN U88900MH2026NPL475133. PAN [PAN]. 12A/12AB [status]. 80G [status]. CSR-1 [number]. FCRA [status]. NITI Aayog Darpan [ID].