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 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.
Companies often focus their CSR efforts on areas like education, healthcare, rural development, environmental sustainability, and poverty alleviation.
We are also ready to support your research with a strong CSR presence and identify those whose objectives align with our own.
Attending industry events, conferences, and CSR forums can help us connect with potential corporate partners.
- Crafting Compelling Proposals:
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.
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:
Having the necessary registrations like Section 8 company registration, 12A, and 80G certificates and eligibility for CSR funding.
Maintaining compliance with all relevant legal and regulatory requirements is crucial for attracting and retaining corporate support.
- Building Strong Partnerships:
Maintaining open and transparent communication with corporate partners for building trust and fostering long-term relationships.
Providing regular progress updates, financial reports, and impact assessments to the corporate partner for maintaining transparency and accountability.
Highlighting the achievements of the partnership and the positive impact on the community can further strengthen the relationship.
- Exploring Other Avenues of Support:
Companies may be willing to sponsor fundraising events, awareness campaigns, or workshops organized by us.
Companies can also provide in-kind donations of goods, services, or expertise to support our operations.
Companies may encourage their employees to volunteer their time and skills to support our various ongoing project .