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This article describes the various laws related to non profit organisations in India. A non profit organisation can be registered in India as a Society, under the Registrar of Societies or as a Trust, by making a Trust deed, or as a Section 8 Company, under the Companies Act, 2013. [1]
While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. [3] An NFPO must be differentiated from a NPO as they are not formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not ...
The IRS, after reviewing the application to ensure the organization meets the conditions to be recognized as a tax-exempt organization (such as the purpose, limitations on spending, and internal safeguards for a charity), may issue an authorization letter to the nonprofit granting it tax-exempt status for income-tax payment, filing, and ...
Infosys Foundation is a non-profit organisation based in Karnataka, India, established in 1996 by Infosys to support the underprivileged sections of society. [3] It supports programs in the areas of education, rural development, healthcare, arts and culture, and destitute care [4] in remote regions of India.
It also provides grants for endowments, has a separate programme for small grants and gives grants to individuals for education and medical relief. SRTT is part of Tata Trusts which is headed by the CEO Siddharth Sharma. The grants offered by the Trust can be broadly classified as: [5] Institutional grants; Endowment grants; Small grants ...
India Foundation for the Arts (IFA) is an independent, nationwide, non-profit organization that funds and implements projects in practice, research, and education in the arts and culture in India. Established as a public trust in 1993 [ 1 ] and headquartered in Bangalore , IFA has been involved in over 850 projects.
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There are three primary types of microgrants; one is a small sum of money (~US$50–500) granted to an individual to start an income-generating project, another is a small grant (~$2,000–$10,000) to a community for an impact-oriented project and a third is a small grant to an individual for any cause they see fit.