+ Our annual expenditure is about Rs.36 to Rs.40 lacs. Out of this, the Government sanctions about Rs.20 lacs and actual disbursement is 80% of the sanctioned sum and the remaining 20% will have to be borne by us. Moreover this gets reduced by 10% every year. The centre manages the remaining out of donations. The centre has not built any corpus fund as of now, which would ensure financial sustainability. Hence we are in the process of creating a Corpus of Rs 5 crores.
* All donations made in India are exempted from tax. We can provide 80G certificate from IT.
Donations from US and Canada can be as per the details given below, through CII Outreach INC., which is registered in US as a 501(c)(3) organisation. Donations made through this channel are tax exempt in US and Canada.
- Name of the beneficiary : CII OUTREACH INC
- Name of the Bank : Bank of America
- Account No : 0041 2830 2602
- Branch Address : 1700 N Moore Street, Arlington, Virginia
- Swift Code : BOFAUS3N
While writing a cheque to
CII Outreach Inc, the name of our Institution, namely,
Madhuram Narayanan Centre for Exceptional Children, Chennai, Tamil Nadu, India, for which the donation is being made needs to be mentioned on the cheque in the "For" line, or, if there is no such line then in the covering letter.
In case of wire transfer, the cover letter should mention the full name of the Institution, namely,
Madhuram Narayanan Centre for Exceptional Children, Chennai, Tamil Nadu, India, which would benefit from the donation.
