Indian citizens donating to the Parinaam Foundation are allowed tax breaks on donations. We are now in a position to accept foreign currency donations and grants in addition to those from Indian citizens and companies. (See bottom of page for tax details and more information.)
You can donate either by giving a general donation or by supporting one of our impact areas:
- Urban Ultra Poor Program
- Diksha (Financial Literacy Program)
- Community Initiative
General Donations: To cover the administrative costs of running our programs and providing the many interventions that the poor so desperately need on a day to day basis and for which they, nor us, can ever dare to count: Auto fares to reach a patient to a hospital in time; help with conversational English classes; support for the de-addiction awareness; help with the chronic diseases that no health insurance will ever cover. It goes on and on. Every little bit helps.
You can also support a specific program/specific activity, such as sponsoring a child's education under the Academic Adoption Program or through the Educational Grant Initiative. Below are a few examples of specific activities that you can sponsor. Details of the actual cost to conduct these are also given.
Here are some of the ways you that can sponsor a specific program/activity:
Educational Grant Initiative: This initiative refunds the interest paid on education loans back to the loan-takers. The refunding of the interest is based on stringent criteria, for example upon the mother's loan repayment rate, the student's performance and the student's enrollment in next year's term. The initiative encourages mothers to keep sending their children to school and borrow for the education of their children. It enforces the importance of sending girl children to school and encourages Micro Finance Institute's Field Staff to give loans for education.
A grant that refunds the interest for one student ranges from Rs.400-700 (USD 7-13).
Sadly, under the mistaken notion that we do this program to support Ujjivan's education loan, rather than the fact that we support the poor to manage their greatest aspiration (quality education for their kids), we struggle to find kindly donors to provide the funding for the Educational Grant Initiative.
Read more Educational Grant Initiative.
Higher Education Scholarship Program: While our strategic partner Ujjivan provides education loans, it does not provide loans beyond the 12th grade/standard. The student's families are thus forced, once again, to take high interest loans from moneylenders or burden their family financially to pursue higher education.
We have therefore launched the Higher Education Scholarship Program, wherein with the help of donations received, scholarships are provided for deserving students to pursue higher education whether it is undergraduate studies or graduate degrees. Strict criteria and due diligence ensure that the awardees are truly deserving.
We provide 60% of a student's total tuition costs up to a maximum of Rs.15000 (about 275 USD) each, which is a huge support for a child to attain her/his dream. The number of scholarships we give out depends on the donations that come in. Every little donation to this program counts!
Read more Highre Education Scholorship Program.
Academic Adoption Program: This program targets the children from our Urban Ultra Poor Program, whose families are too poor to be eligible for even microfinance loans.
In this program, generous benevolents "adopt" a child to sponsor his/her studies until completion of school life (i.e. until the 12th grade/standard). Each sponsor receives a personalized profile of the child and at the end of each academic year, receives the child's photograph and a report card on the child's progress.
We also encourage our sponsors to actively participate with the child from year to year by visiting them, sending a post card, a gift for their birthday or the many things you can do to create a bond between yourself and the child you are helping.
You can help under the Academic Adoption Program onetime grant of Rs.11000 (USD 200) per child along with Rs.8000 (USD 145) per child per academic year. We are continuously looking for sponsors under this program.
Please contact Ms. Mallika Ghosh for more information and how to go about to adopt a child to sponsor his/her studies. Email:firstname.lastname@example.org | Tel: +91 80 4071 2121
Read more Academic Adoption program.
Medical Intervention Program/Medical Intervention Fund: Health shocks are the biggest factor that drives the poor even below the poverty level. It can take a family that is doing quite well and put them into a mentally and financially hellish situation. Lack of funds to pay the hospital costs often kills. To this end we have started a fund that will subsidize the cost of hospital care of patients from among our families. We aim to make this program one of our key interventions.
All donations are highly appreciated and will have a huge direct impact on the lives of our beneficiaries. A Donor List and donations that will have commitments towards specific surgeries are also being sought.
Read more about the Medical Intervention Program.
If you have any questions regarding donations, please contact us on:
Cheques can be made out in favour of "PARINAAM FOUNDATION" and sent to:
#92 Jakkasandra Extension,
Sarjapur Main Cross Road,
Koramangala 1st Block,
Bangalore 560 034,
Parinaam Foundation was incorporated as a not-for-profit organization under Section 25 of the Companies Act 1956, on March 31st, 2008. Parinaam received its tax exempt status under Section 12A on January 20th, 2009 and its approval under Section 80G of the Income Tax Act 1961 in July 2009. The 80G (5)(vi) of the Income Tax Act 1961 approval, which allows Indian citizens a tax break on donations, has been validated “in perpetuity” under CBDT Circular No. 5/2010. The general approval under the Foreign Contribution Regulation Act 2010 (FCRA) has also been approved by the Home Ministry of the Government of India and is valid for 5 years until January 16th, 2017.