Financial Support

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What percent of the financial assistance is spent on Administration? And at what level?

  • 5 to 7 % at the H.Q. of support agency and Project Area level

At what levels the financial assistance is spent? What is the mode of sending the money?

H.Q. of support agency5%Corpus
 15%Central Training and other arrangements
Project Area Center5%School in process and other arrangements
 75%Existing Schools
 100% 
Money transaction at all level is strictly done through Bank A/c only

What are the schemes to collect donations for Ekal Vidyalay?

1. School AdoptionAnnual ($ 365) Rs.16,000/-
2. Child AdoptionAnnual($ 10) Rs.500/-
3. Child AdoptionFor three years($ 20) Rs.1,000/-
4. Child AdoptionLifetime($ 60) Rs.3,000/-

In how many years the school becomes self sufficient? What are the expectations for local contribution ?

  • Approximately in 5 years In some regions it takes 6 to 7 years Expectations for local contribution:
Village levelTeacher's Honorarium and Teaching Aids
Cluster and Sub Area levelTrainings and Travel Expenses
Project Area levelHonorarium and Office Expenses

If a donor is unable to give support for an year, is the school closed? If not, what is the arrangement?

  • The schools is not closed
  • The alternative arrangement is by finding a new donor from the corpus fund

Is there any possibility of writing the name of the donor on the sign board? And how often school are being allotted?

  • Yes, it is possible. A flax banner with the donor's name printed, is sent to the school to be pasted on the sign board.
  • School are being allotted to the donor twice in a year i.e., in month April (Ram Navami) & October (Deepavali)

What are the reports expected at the chapter of support agency, before the assistance is sent?

  1. Monthly Account Report (MAR)
  2. Monthly Work Report (MWR)
  3. Quarterly Work Report (QWR)

Whose approval, at the assisting center is obtained, before sending the assistance?

Checkingby the Project Section In-charge (by Office staff)
Approvalby the H.Q. Coordinator
Analytical studyby the sub-committee (field related office work)

Are the accounts regularly audited?

  • Regular audit arrangements at all the three levels 
    1. Center
    2. Chapter
    3. Project Area

 
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Ekal Fundraising 2012

Join us for Ekal 2012 fundraiser with Samir Date and Dipalee Somaiya