Should I setup my own Foundation or Trust?<br />
You can setup your own charitable entity if you plan to donate at least 5 L p.a. or 25 L corpusand answer YES to any of th...
A. Donate Now, Decide beneficiaries later <br /><ul><li>Tata Trusts, a sustained tradition of bequeathing personal wealth ...
Started as a way of promoting higher education and research, has grown to support health; education; and livelihoods
Individual scholarships/medical emergency grants – all channeled through the Trust
Leave behind a legacy of giving for your children
Get a tax break as soon as you make the donation in your current earning year and/or when you need it the most
Have flexibility in the timing of your donations
Get clarity on your philanthropic objectives as you structure your giving
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Why when create_a_trust_11th_feb

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  • 1) Tata Trusts.. - http://www.tata.com/article.aspx?artid=cZrbJBDWkRQ=Sir Ratan Tata Trust was established in 1919 with a corpus of Rs8 millionin September 1898, Jamshetji Tata pledged half his personal wealth, an amount of Rs30 lakh (then £200,000), to make his dream of a &quot;university or institute of research&quot; a realityGrants made – vision expanded, institutions etc.Managed to keep csr separate2) ShivNadar – Daughter RoshniNadarTightly managed – family trustees – 4 members – husband, wife, daughterEducational institutions – SSN school, college and a proposed university
  • http://www.indiacsr.in/article-1844-An-overview-of-Philanthropy-in-India-for-the-year-2010-INDIACSR-report.html
  • APF – started with grant-making to ngos to support education ultimately moving to an implementing agency to fill in a service gap of trained teachers, also is engaging with the government in parallelDF – promoting entrepreneurship &amp; innovation as change catalysts. Distribute funds into Health, Edu, Agri, Livelihoods. Does not raise funds. For building implementation capacity in existing organizationsWF – promoting entrepreneurship &amp; targeted job creation..work in partnership with ngos, foundations, government. Long term investment strategy
  • http://www.bhartifoundation.org/wps/wcm/connect/bhartifoundation/BhartiFoundation/Home/Get%20Involved/Corporate/Donate%20Now/PG_DonateNow
  • 5L pa. – time is not mentioned?
  • Why when create_a_trust_11th_feb

    1. 1. Should I setup my own Foundation or Trust?<br />
    2. 2. You can setup your own charitable entity if you plan to donate at least 5 L p.a. or 25 L corpusand answer YES to any of the statements below<br />Donate now, Decide beneficiaries later<br />Donate land, property or securities<br />Create an implementing/operating organization<br />Raise money from public<br />
    3. 3. A. Donate Now, Decide beneficiaries later <br /><ul><li>Tata Trusts, a sustained tradition of bequeathing personal wealth to their trusts
    4. 4. Started as a way of promoting higher education and research, has grown to support health; education; and livelihoods
    5. 5. Individual scholarships/medical emergency grants – all channeled through the Trust
    6. 6. Leave behind a legacy of giving for your children
    7. 7. Get a tax break as soon as you make the donation in your current earning year and/or when you need it the most
    8. 8. Have flexibility in the timing of your donations
    9. 9. Get clarity on your philanthropic objectives as you structure your giving
    10. 10. Ability to channel all donation requests in a formal and structured manner</li></li></ul><li>B. Donate land, property, or securities<br /><ul><li>Donations made in-kind to a charity are not eligible for tax deduction
    11. 11. Small local charities not competent to receive in-kind donations
    12. 12. Sell and donate cash – decrease in donation amount by capital gains tax
    13. 13. Sell and donate securities to your own trust - VineetNayarsold a million shares in HCL Technologies worth Rs 43 crore, in a bid to raise money for his charity SAMPARK
    14. 14. Realize as needed as in case of AzimPremjiwith a Private Irrevocable Trust - future distributions can be made at any time
    15. 15. Invest property as an asset of the trust, income will continue to grow tax-free</li></li></ul><li>C. Create an implementing/operating agency<br /><ul><li>Work to fund beneficiaries directly at grassroots
    16. 16. Have an innovative model that no other organization is involved in
    17. 17. Fill a service gap or build implementation capacity in existing organizations
    18. 18. Setup a scholarship fund for the children of your maid, office clerks etc. and get tax exemption for the same
    19. 19. Hire staff to manage your giving program
    20. 20. AzimPremji Foundation, started as a grant making foundation evolving into an implementation agency
    21. 21. Arghyam Foundation, promoting strategic efforts that enhance equity in access to water to the marginalised
    22. 22. Wadhwani Foundation, promoting entrepreneurship & targeted job creation</li></li></ul><li>D. Raise funds from Public<br /><ul><li>Distribute donations over a wide variety of causes
    23. 23. Higher Personal Trust Factor
    24. 24. Leverage your network to channel more money into the sector/cause
    25. 25. KC Mahindra Education Trust raises funds to supportits Nanhi Kali programme
    26. 26. Bharti Foundation raises money for education of under-privileged</li></li></ul><li>A foundation may be right for you if….<br />
    27. 27. Have you completely thought it through?<br />
    28. 28. I do want to setup a foundation, what is the legal structure that would suit me the most?<br />

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