social development funding
Post on 14-Jul-2015
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Social development funding from the Christian community in India
CA Sunil Fernandes
CA Manju George
CA Paris Verghese
CA Mark D’Souza
CA Simon Rodrigues
Coordinated By: Pradeep Dewars
The Vision - Love
• “Love your neighbour as yourself” - Jesus
• Viewing India and Indians as our neighbours
• Loving enough to make a difference
The Challenge
• New regulations making foreign contribution more difficult for Christian NGOs
• Lack of trustworthy options for charitable contributions
• A growing need for CSR and philanthropic spends in the social sector to bolster development needs in India
The Solution
• Focus on creating and developing a 100% local funding channel
• Creation of Section 8 Company to encourage funding to Christian NGOs▫ Funding for Secular activities only▫ Partnership approach with Christian NGOs to
promote effectiveness and impact
• Core team of respectable professionals
• A metric driven approach
Objectives
• 100% Local Funding
• Empowerment of NGOs▫ Medical▫ Education▫ Charity▫ Others
• Accountability
• Services
• Advocacy
CSR Activities
• Indian Companies that want to maxiseimpact investment
• Primarily Philanthropic CSR activities• Operational and Transformational can be
added later as advisory service• Metrics to gauge effectiveness of activity
NRI Funding
• Primarily NRI Christians who may want to contribute to the development situation in India
• Largely web based interface and through word of mouth
• Metrics to gauge impact of investment made
Local Funding
• Push and pull based methods to encourage contribution from Christian community
• Community focused events• Initially community driven, scaling up to
national impact
Local Events
• Fetes, fundraisers etc. held once or twice a year
• Rallying the community to stronger participation
Localised Funding –100% by Indians for
India
NGO Empowerment
Focus on Development
Partnering with NGOs across development sectors including Medical, Education, Charity and Others
Best Practices
Tracking of international best practices in the space and sharing of methods with partner NGO
Social Impact Metrics
Sharing of metrics and scorecards used in sector so partner NGO has tools to track the impact they make
Sector Highlights
Sharing of information on NGOs operating in underfunded sectors or sectors without enough participation
Metrics for Greater Accountability
Impact
• Measuring effect of investment made• Social factors• Development
factors• Effect on BoP
Efficiency
• Are partnered NGOs performing as well as they can?• Access to best
methods• High Social
Returns/Impact per Rs. 1,000 funding received
Contribution
• Channel-wise Percentage of funding passed on to NGOs
Services
Building of Scorecards for Social Impact
NGO assessment
Fundraising events and advocacy
Accreditation of NGOs
• Handled through separate entity
Ad
vo
cacy
Identify unsatisfied sectors and boost awareness / requirement for social development in that space (Eg. Family counselling, Old age care, etc)
Bringing knowledge to investors of NGOs operating in underfunded sectors or priority social development sectors
Build Affiliations both to expand reach and increase impact of advocacy actions
Getting off the Ground
• CEO with passion and a strong social perception
• No Share Capital
▫ Investment of time, office space and other needed resources
• Policy of no FCRA
• OPEX resources
Contributing to building the Company
Businessmen
Professionals
Individuals
WhoTime
Talent
Resources
How
Core Strategy
Unique tangible and intangible assets that create a competitive advantageGenuine Assets
• Plenty of charity aggregators operating in India make it more difficult to source ready funds. Need to
differentiate ourselves in order to make funding goals
• Unique access to Christian community in India – we are the first to actively target this sector
• Eventual creation of unique intellectual property (year 3+, provided success of concept)
Tracking of both global best practices in the non profit space as well as governmental and other local legislation impacting business
Vigilance to Forces of Change
• Technological trends: Are NGOs globally achieving greater impact through newer/different methods?
Can we help partner NGOs develop those same methods to increase impact?
• Governmental trends: Awareness of restrictions and new regulations that can either help or adversely
affect the company
Metric driven approach to performance of company, impact of charitable contributions and effectiveness of NGO partners
Disciplined Performance Measurement
• Strict performance measurement and reporting to facilitate transparency
• Tracking of performance metrics to forecast expected funding patterns and to identify NGOs with high
impact of activity
• Identification of NGOs with low impact so we can see if we can help them become more effective
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