Corpus for Charity
At the global level, 17 Sustainable Development Goals (SDGs) were adopted in September 2015 by 193 member states of the United Nations to end poverty, protect the planet, fight inequality and injustice, and ensure prosperity for all as part of a new sustainable development agenda. India has played an integral role in the formation and evolution of SDGs and is committed to its achievement. In fact, the progress at a global level to achieve the SDGs largely depends on India since India’s population is around 17% of the world population.
India needs to make large investments for achieving the SDGs by 2030 and this may not be possible with government initiatives alone. There is a need for a more collaborative approach between the government, private sector, civil society and the citizens. In fact, this is what Goal no. 17 is – Partnerships for the goals.
HelpYourNGO’s Response to SDGs: YourRedButton
University endowments and foundations worldwide invest their corpus for long term capital appreciation. Eg. Harvard University’s endowment has built a corpus of over $40 billion (2020), Bill & Melinda Gates Foundation Trust endowment was $49.8 billion (2019). Typically, the earnings / capital distributions from these endowments tend to fund 30% to 50% of their annual operating budgets. Imagine if NGOs in India could rely on a similar pool of capital to support the fantastic work they do!
The idea to create YourRedButton was born out of our desire to create a steady stream of fund flows for credible NGOs working towards the Sustainable Development Goals. We see how much time and energy the smaller and mid-size NGOs spend on fundraising, and wanted a solution that would enable them to focus on their work instead of worrying about fundraising. SGP allows NGOs to focus on implementing the great work that they do, rather than wasting their resources on fund raising – which they may not even be good at. This can move our Nation a step closer to achieving the SDGs by 2030.
YourRedButton allows you to support vetted NGOs over 10 years with a single donation today.
YourRedButton Transaction flow:
The monies invested in YourRedButton are invested in SEBI approved mutual fund schemes. The NAV and the value of the corpus will rise or fall with the markets. Every year, 10% of the YourRedButton corpus value is redeemed and donated to the selected NGOs. HelpYourNGO shares donation receipts and 80G certificate with the donors to enable them to claim tax deduction.
HelpYourNGO Reporting:
HelpYourNGO liaises with the NGOs to ensure that the reporting schedule is met which includes submission of periodic Program Reports and Fund Utilization Statements. This is essential for effective monitoring and evaluation of the funds contributed to the NGOs. Program Reports and Fund Utilisation Statements are shared by HelpYourNGO every 6 months, for a period of 10 years, for the donors to review. We charge a 5% fee on the disbursements to cover part of our management expenses.
Donate via YourRedButton and change lives with just a click! Your single donation today can support credible NGOs over 10 years.
