Corporate can also support us through Corporate Social Responsibility (CSR) initiatives, as mandated by the Companies Act, 2013. Companies meeting specific financial criteria are required to allocate a portion of their profits to social causes, including those implemented by us or as per your choice. We can submit well-defined project proposals that align with the company’s CSR objectives and demonstrate a strong track record of impact.
Here’s a more detailed look at how you can support us :
- Understanding CSR and Identifying Potential Partners:
- The Legal Mandate:
The Companies Act, 2013, mandates that companies with a net worth of INR 500 crore or more, or a turnover of INR 1000 crore or more, or a net profit of INR 5 crore or more, spend at least 2% of their average net profit of the past three years on CSR activities, according to the Companies Act.
- CSR Objectives:
Companies often focus their CSR efforts on areas like education, healthcare, rural development, environmental sustainability, and poverty alleviation.
- Researching Companies:
We are also ready to support your research with a strong CSR presence and identify those whose objectives align with our own.
- Networking:
Attending industry events, conferences, and CSR forums can help us connect with potential corporate partners.
- Crafting Compelling Proposals:
- Well-Defined Projects:
We are ready to develop well-structured project proposals that clearly outline the problem, proposed solution, activities, timelines, budget, and expected outcomes.
- Alignment with CSR Objectives:
Proposals should demonstrate how the project aligns with the company’s specific CSR priorities and contribute to its stated goals.
- Impact Measurement:
We will be able to demonstrate our past achievements and provide a plan for measuring the impact of the proposed project.
- Transparency and Accountability:
We are transparent in our operations, financial activities and financial report , have strong governance structures, and maintain proper accounting records.
- Ensuring Eligibility and Compliance:
- Registration:
Having the necessary registrations like Section 8 company registration, 12A, and 80G certificates and eligibility for CSR funding.
- Compliance:
Maintaining compliance with all relevant legal and regulatory requirements is crucial for attracting and retaining corporate support.
- Building Strong Partnerships:
- Open Communication:
Maintaining open and transparent communication with corporate partners for building trust and fostering long-term relationships.
- Regular Reporting:
Providing regular progress updates, financial reports, and impact assessments to the corporate partner for maintaining transparency and accountability.
- Celebrating Successes:
Highlighting the achievements of the partnership and the positive impact on the community can further strengthen the relationship.
- Exploring Other Avenues of Support:
- Event Sponsorship:
Companies may be willing to sponsor fundraising events, awareness campaigns, or workshops organized by us.
- In-Kind Donations:
Companies can also provide in-kind donations of goods, services, or expertise to support our operations.
- Employee Volunteering:
Companies may encourage their employees to volunteer their time and skills to support our various ongoing project .