Rotary RMV Welfare Foundation

Rotary RMV Welfare Foundation is a registered Trust set up in 2012. It was set up the Rotary club of Rajmahal Vilas as their wing for purely community service activities. The Trust has obtained section 80G exemption from the income tax authorities.

The Trust has an exclusive bank account which is different from the club account. All donations for service activity to Rotary Rajmahal Vilas is credited to the trust account and used exclusively for community service activity.

From 2021, the club’s Silver Jubilee year, the Welfare Foundation also accepts endowments from donors, wherein the principal is kept in fixed deposits and only the interest is used every year for a service activity specified by the donor.

There are 11 trustees who volunteer for a term of two years. The service activity proposals of the club are financed by the Trust.

OFFICE BEARERS

  • Rtn. Deepa Sashindran – Chairman
  • Rtn. Surendraa Singhvii – Secretary
  • Rtn. Nanda Kishore T – Treasurer
  • Rtn. Pranjit Dutta
  • Rtn. Rajagopal Hegde
  • Rtn. Rajaram Krishnamurthy
  • Rtn. Kirti Mehta
  • Rtn. Arjun Merwade
  • Rtn. Lakshmi Devprakash
  • Rtn. Pushpalatha G
  • Rtn. A Subramanya Navada

ENDOWMENT PLAN

As part of the special celebrations and plans for our 25th anniversary, we have instituted a unique and innovative ENDOWMENT PLAN for our Welfare Trust. Our trust is a registered non-profit welfare organisation with Sec. 80G exemption and its own PAN number.

DIAMOND

10 LAKHS

GOLD

5 LAKHS

SILVER

3 LAKHS

The unique features of the Endowments are as the following :

  • The Funds shall be permanently kept in a government bond /deposit by our trust, and only the interest shall be used year after year for service projects.
  • The donors can choose the avenue of service they wish to use the funds for each year, like health, education, environment etc.
  • The donor shall be recognised EVERY YEAR during the Governor’s Official Visit (GOV) for their generous contribution.
  • Donors shall be free to name their Endowment as they wish, for instance, say in the memory of their grandparents or parents or anyone else.
  • Donors shall have the option to upgrade their plan from Silver to Gold and Gold to Diamond in future if they so wish.
  • The Endowments will provide all future presidents of the club with a ready resource for small projects.
  • Every year, new endowments can be obtained both internally and externally, and in a few years, the Club shall endeavour to collect over 1 crore in Endowments.
  • As the Endowment corpus grows year after year, the club shall also grow stronger and more independent.
  • Senior past presidents of the club and other well-wishers, as well as future leaders of the club, shall be encouraged to participate in the Endowment Plan as part of the unique culture of the club in the interests of its long term health and vitality.

Foundation Snapshot

CONTRIBUTE TO RMV WELFARE FOUNDATION

Contributions towards our service activities can be made to the following account:

A/c Name: Rotary RMV Welfare Foundation
Savings Bank Account no: 33420100001815
Bank: Bank of Baroda
Branch: New BEL road branch
IFSC code: BARB0VJVSAM (Pls note fifth digit is zero)

Our trust is a registered non-profit welfare organisation with Sec. 80G exemption and its own PAN number.