Published: February 2024 (2 years ago) in issue Nº 415
Keywords: Donation Channeling Group (DCG), Governing Board, Unity Fund and Fundraising
New donation channeling process
The establishment of the Donation Channeling Group (DCG) was approved by the Governing Board in their 65th meeting held on 12th Dec 2023. The DCG team will roll out the donation channeling process from 1st April 2024, the start of the new financial year.
In preparation for this, all units/projects presently receiving donations (domestic, either from Auroville units or other Indian sources; or foreign sources) and those new projects / units which intend to receive them, are to immediately start to fill up a “Project Registration Form” (PRF) and this needs to be completed latest by 15th Feb ‘24. Only those units who register themselves with the DCG will be able to receive donations through Unity Fund or via the donation portals. For larger donations, funds will be released to projects in tranches.
For every request for withdrawal of funds from the Unity Fund, a “Funds Release Form” (FRF) needs to be filled in. All statutory rules and regulations and guidelines will have to be followed by the Projects / Units, including the maintenance of separate accounts for Foreign Donations. A letter of acknowledgement is to go to the donor for every donation with a copy to the DCG. A quarterly report will have to be sent to all donors with a copy to the DCG.