ACTIVITIES

Donation in the Last 39 Years

An overview of the scope and quantum of the Foundation’s activities during last 39 years are highlighted in the following statistics.

Total donations disbursed by the Foundation to institutions and individuals up to 30 June, 2020, amounting to Rs.616.70 million, in addition to qarz-e-hasanah amounting to Rs.5.30 million to different individuals.

 Donations to Charitable Institutions

Applications are accepted from reputable institutions providing charitable services in the fields of health, education and general welfare for financial assistance. The applications are thoroughly investigated and identities of the trustees are carefully examined. The Foundation satisfies itself that the institution is providing benefit to the poor and indigent persons. The integrity of the trustees and sustainability of the project are given prime importance. The institutions should be a registered legal entities under relevant laws governing NGOs/CBOs and must have a proven track record of charitable services. Their accounts must be regularly audited by a firm of reputable chartered accountants. Utilization of the donated funds is carefully monitored to ensure that the assistance provided by the Foundation is utilized only for intended purpose.

Category-wise summary of donations to institutions is as under:

(Rs. In million)

Category Since Inception Up to 30th June 2015  

2015-16

 

2016-17

 

2017-18

 

 2018-19

 

2019-20

Educational

154.47

6.20 5.02 5.27 7.2

5.0

Medical

156.82

36.80 27.30 27.66 27.2

40.2

General Welfare

33.66

7.50 22.40 9.5

4.5

Total:

344.95

43.00 39.82 55.33 43.9

49.7

*TOTAL = RS.576.7 MILLION*

Donations to Individual Beneficiaries

In case of individuals who approach for assistance from the Foundation, their bona fides are established by investigative visits and other reliable sources. The Foundation provides financial support for medical treatment, education of school going children, subsistence allowance to widows or issue-less women and contributes towards marriage expenses of their daughters. The individuals applying for financial assistance should fill in the form providing all the required information and submit copies of their Computerized National Identity Cards and other relevant documents as required.

 

Category-wise summary of donations to individuals is as under:

(Rs. In million)

Category Since Inception Up to 30th June 2015

2015-16

2016-17 2017-18 2018-19

2019-20

Educational

5.01

0.67

0.24

Medical

9.74

0.54 0.59 0.49 0.33

3.23

General Welfare

17.75

0.40 0.32 0.37

0.33

Total:

32.51

0.54 0.99 0.80 1.37

3.80

*TOTAL = RS.40.01 MILLION*

Interest Free Loans

Furthermore, the Foundation extends financial assistance to highly meritorious students who cannot afford higher education as well as to needy individuals for achieving self-reliance. The financial assistance is in the form of qarz-e-hasanah/ interest free loan, normally repayable over a period of 10 to 12 years. The repayment arrangement is agreed in each individual case. The loanee students are required to sign a loan agreement along with repayment schedule and provide two guarantors. Total sanctioned since inception was Rs.5,302,880/-, and outstanding as on 30-06-2020 was Rs.3,199,566/-.
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