Hi,
We are running a foundation, and my boss wants me to work on it. However, I have no idea what suggestions I can offer regarding the operation of a foundation. He is asking how we can make our foundation shine and how we can help the needy. I have suggested some ways, but he wants everything in a proper format, where each idea must be well-planned, including how it will be implemented, what needs to be followed for that idea, how many employees are required for implementation of any plan, etc. Could you please guide me on how to create a proper plan?
From India, Chandigarh
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3We are running a foundation, and my boss wants me to work on it. However, I have no idea what suggestions I can offer regarding the operation of a foundation. He is asking how we can make our foundation shine and how we can help the needy. I have suggested some ways, but he wants everything in a proper format, where each idea must be well-planned, including how it will be implemented, what needs to be followed for that idea, how many employees are required for implementation of any plan, etc. Could you please guide me on how to create a proper plan?
From India, Chandigarh
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Ok, it's a tricky one!
I believe you should sit down with your boss and make an action plan. Let's assume that your organization is working for "women empowerment". Just assuming, okay?
- Identify which areas you would like to work in. Obviously, you would want to know the geographical areas where women are underprivileged and deprived. Rajasthan and Bihar, for instance?
- I'm not clear if yours is a foundation or NGO. You need to decide whether you will intervene directly or through project partners. Look at your total funds, see how much money is there at your disposal in programs and operations.
- Depending on how much budget is allocated and if you are working directly or with the help of local NGO partners. You need to do a baseline survey, i.e., identify the villages where help is required. This would involve extensive research - Refer to surveys done by the Government, find out people's entitlements and rights, help them in connecting to banks, MGNREGA, give training on gender sensitization, nutrition, etc.
There is a lot to be done. Just open your eyes, look around! I'm sure you will find a lot of information.
Vineeta
From India, Delhi
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I believe you should sit down with your boss and make an action plan. Let's assume that your organization is working for "women empowerment". Just assuming, okay?
- Identify which areas you would like to work in. Obviously, you would want to know the geographical areas where women are underprivileged and deprived. Rajasthan and Bihar, for instance?
- I'm not clear if yours is a foundation or NGO. You need to decide whether you will intervene directly or through project partners. Look at your total funds, see how much money is there at your disposal in programs and operations.
- Depending on how much budget is allocated and if you are working directly or with the help of local NGO partners. You need to do a baseline survey, i.e., identify the villages where help is required. This would involve extensive research - Refer to surveys done by the Government, find out people's entitlements and rights, help them in connecting to banks, MGNREGA, give training on gender sensitization, nutrition, etc.
There is a lot to be done. Just open your eyes, look around! I'm sure you will find a lot of information.
Vineeta
From India, Delhi
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Hi Vineeta, thanks for guiding, but the problem is that my boss is not giving any idea. I just went to him yesterday to discuss what to do; he just replied, "This is your job to think how to invest the funds of our foundation and how to get returns on funds invested." He wants to invest around 20-25 lakhs. I am not getting what should be the plan; he just gave the idea like scholarships or some educational training programs could be beneficial, that's it. But he wants me to implement properly; which students would be given scholarships, what else the things I need to consider, etc. He is not giving that kind of idea.
Please guide me.
From India, Chandigarh
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Please guide me.
From India, Chandigarh
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Dear Panki,
The details provided by you are very much inadequate.
1. Is it a Regd. Trust devoted to serve the general public or community or a minority's organization/HUF?
2. Before you could pose your problems, you should study your Charter of the Foundation from which you would derive some idea. This is very much necessary because your activities cannot deviate from the Aims & Scope of your Foundation.
3. I presume your Foundation should have a Governing Council or Board of Trustees or Committee. What happened to them? I think you cannot plan certain activities on your own without their directions, guidance, and approval. Therefore, why don't you try to convene a meeting of them and discuss what to do and what not to do?
4. I cannot presume the Foundation is aimed at charities as you people are discussing about 'investing your funds' or so. You have to attach an Aims & Scope clause first for us to apply our minds to that.
5. Is the Foundation registered with the IT Dept.? Has it got an exemption under sec. 80G/GG?
6. Go through what your Foundation was doing in the past and what you derived from those activities.
7. If your bosses wish to aid higher education, there are many avenues. Is it that your activities are restricted only to your places and higher/professional education?
8. Is the budget of Rs. 20-25 L indicated for per annum or at this point in time? Do you have corpus funds to replenish your fund flow regularly?
9. It appears that these funds/aid should be ensured they are returned to the Foundation, which means the funds are lent to the identified as refundable loans, and so on.
Visualize systematically, keeping in mind the clauses provided in the Trust Deed.
From India, Bangalore
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The details provided by you are very much inadequate.
1. Is it a Regd. Trust devoted to serve the general public or community or a minority's organization/HUF?
2. Before you could pose your problems, you should study your Charter of the Foundation from which you would derive some idea. This is very much necessary because your activities cannot deviate from the Aims & Scope of your Foundation.
3. I presume your Foundation should have a Governing Council or Board of Trustees or Committee. What happened to them? I think you cannot plan certain activities on your own without their directions, guidance, and approval. Therefore, why don't you try to convene a meeting of them and discuss what to do and what not to do?
4. I cannot presume the Foundation is aimed at charities as you people are discussing about 'investing your funds' or so. You have to attach an Aims & Scope clause first for us to apply our minds to that.
5. Is the Foundation registered with the IT Dept.? Has it got an exemption under sec. 80G/GG?
6. Go through what your Foundation was doing in the past and what you derived from those activities.
7. If your bosses wish to aid higher education, there are many avenues. Is it that your activities are restricted only to your places and higher/professional education?
8. Is the budget of Rs. 20-25 L indicated for per annum or at this point in time? Do you have corpus funds to replenish your fund flow regularly?
9. It appears that these funds/aid should be ensured they are returned to the Foundation, which means the funds are lent to the identified as refundable loans, and so on.
Visualize systematically, keeping in mind the clauses provided in the Trust Deed.
From India, Bangalore
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Dear Sir,
As I mentioned, I am a fresher, hence the terms you used in your reply are beyond my knowledge. My problem is to plan something to help people through our foundation. It's just a project where management wants to invest 15-20 lakhs one time, provided that the project must also have some gains in returns. For instance, if we start an educational course for the needy for free, they might work for our organization. What could be such plans where society could benefit, and the foundation can keep getting returns for further helping the needy?
Regards,
Panki Sharma
Or you can share your views at
+917696048002
From India, Chandigarh
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As I mentioned, I am a fresher, hence the terms you used in your reply are beyond my knowledge. My problem is to plan something to help people through our foundation. It's just a project where management wants to invest 15-20 lakhs one time, provided that the project must also have some gains in returns. For instance, if we start an educational course for the needy for free, they might work for our organization. What could be such plans where society could benefit, and the foundation can keep getting returns for further helping the needy?
Regards,
Panki Sharma
Or you can share your views at
+917696048002
From India, Chandigarh
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Dear Panki,
The ultimate aim of your foundation is appreciable. However, I am not sure about the nature of operations of your foundation. For now, I suggest setting up vocational courses with sufficient labs, tools, and proper tutors in a computerized environment to educate deserving students freely. You can establish your own criteria for identifying the beneficiaries. I am also unsure about how many trained students your organization can accommodate and for how long. Perhaps you could simultaneously establish a few business ventures where you can accommodate them and, coincidentally, earn revenue that can be reinvested into your foundation. There is always a shortage of trained personnel in the service sector, such as plumbing, electrical work, AC/refrigeration, automobile maintenance, courier services, garbage clearing/recycling, and processed drinking water supply, among others. If needed, there are plenty of project reports available online that can guide you. Wishing you all the best. If you require personalized emails on this topic, please provide your email ID so that friends can respond directly.
Kind regards, [Your Name]
From India, Bangalore
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The ultimate aim of your foundation is appreciable. However, I am not sure about the nature of operations of your foundation. For now, I suggest setting up vocational courses with sufficient labs, tools, and proper tutors in a computerized environment to educate deserving students freely. You can establish your own criteria for identifying the beneficiaries. I am also unsure about how many trained students your organization can accommodate and for how long. Perhaps you could simultaneously establish a few business ventures where you can accommodate them and, coincidentally, earn revenue that can be reinvested into your foundation. There is always a shortage of trained personnel in the service sector, such as plumbing, electrical work, AC/refrigeration, automobile maintenance, courier services, garbage clearing/recycling, and processed drinking water supply, among others. If needed, there are plenty of project reports available online that can guide you. Wishing you all the best. If you require personalized emails on this topic, please provide your email ID so that friends can respond directly.
Kind regards, [Your Name]
From India, Bangalore
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Dear Pankaj,
What is your industry and what type of employment can your company provide to your locality? Please consider starting an institute that can cater to your company's requirements. Accommodate deserving candidates free of cost while charging for other category candidates. The training provided at this institute should include practical classes focusing on safety and environmental consciousness. By doing so, not only will it be a CSR activity, but the outcomes will also be beneficial for your organization's needs. Additionally, you can take advantage of tax benefits from offering a free quota of seats.
Furthermore, this investment will remain as capital and serve both the society and your organization's future employees. Think from this perspective as suggested by Mr. S. Kumar.
From India, Kumbakonam
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What is your industry and what type of employment can your company provide to your locality? Please consider starting an institute that can cater to your company's requirements. Accommodate deserving candidates free of cost while charging for other category candidates. The training provided at this institute should include practical classes focusing on safety and environmental consciousness. By doing so, not only will it be a CSR activity, but the outcomes will also be beneficial for your organization's needs. Additionally, you can take advantage of tax benefits from offering a free quota of seats.
Furthermore, this investment will remain as capital and serve both the society and your organization's future employees. Think from this perspective as suggested by Mr. S. Kumar.
From India, Kumbakonam
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