Persistent Foundation Report 2013-14
Total Page：16
File Type：pdf, Size：1020Kb
Persistent Foundation Report 2013-14 About Persistent Foundation To institutionalize the Corporate Social Responsibility initiative of Persistent Systems Limited (“the Company”) and to develop a systematic approach to administer the process of grant of donations, Persistent Foundation (the “Foundation”) was formed on October 29, 2008. The Foundation was registered with the office of the Deputy Charity Commissioner, Pune on March 21, 2009. Donations to the Foundation are eligible for 50% tax exemption under Section 80G of Income Tax Act. Presently, the Foundation primarily works in three focus areas - Health, Education & Community Development in Pune, Nagpur, Hyderabad & Goa, locations where Persistent Systems has its offices. In each of these focus areas, the key areas of work chosen by the Foundation for executing its own projects are as follows – 1. Health: Child Health, Women Health, Healthcare for differently-abled & elderly people and Blood Donation 2. Education: Education for the poor, Computer Education and Girls’ Education 3. Community Development: Village upliftment, Urban Upliftment and welfare of differently-abled & elderly people At broad level, the modus operandi of the Foundation’s work is as follows – 1. Designing, planning its own social projects and implementing the same with the help of Persistent Systems’ employees or implementation partner/s from the respective domain 2. Supporting & Facilitating the social projects initiated and driven by Persistent Systems’ employees 3. Providing monetary support to a number of social initiatives of Associate NGOs by generating funds through cause-specific donation drives among Persistent Systems’ employees, on monthly basis 4. Capacity-building of the Associate NGOs by providing them donations on annual basis 5. Organizing social events for networking or knowledge-sharing. Management of the Foundation: The Trustees of the Foundation as on March 31, 2014 were as under: A. Mrs. Sonali Deshpande, Chairperson B. Dr. Anand Deshpande, Founder Trustee C. Mr. P. B. Kulkarni, Founder Trustee D. Dr. Mukund Deshpande, Founder Trustee E. Mr. Pradeep Kumar Bhargava, Trustee F. Mr. Dilip Kale, Trustee G. Mr. Sameer Bendre, Chief People Officer of Persistent Systems Limited – Ex-Officio H. Mr. Rohit Kamat, Chief Finance Officer of Persistent Systems Limited – Ex-Officio I. Cpt. Kedar Paranjpye, Chief Admin Officer of Persistent Systems Limited – Ex-Officio Persistent Foundation - Confidential - Page 1 of 28 Persistent Foundation Report 2013-14 Projects executed by the Foundation since its inception: Hallmark Programs initiated & institutionalized by Persistent Foundation - Four-year old programs: 1. Breast Cancer Screening Program for slum/rural women – 1500+ women have been screened till date and necessary medication was provided 2. Girls’ Scholarship Program - Partial annual scholarship of Rs. 25,000 per year till completion of the Engineering degree has been given to 43 girls pursuing the Bachelor of Engineering & 2 girls pursuing Masters in Life sciences. 3. Village Upliftment Program - Till date, four such villages i.e. Salumbre, Kodawadi, Udasa and Velhe Cluster are being covered under this program Three-year old programs: 1. 20 Point Clinical Health Check-up and Weekly Doctor Facility at slum/rural schools - More than 10,000 students have been benefited in this Program is last two years. 2. Persistent Foundation E-School Lab - E-learning educational set-up has been provided to 35 slum/rural schools 3. Dram Job - Career Guidance seminars by experts of various fields for students of 8th to 10th standards. Two-year old programs: 1. Jointly running the Elderly-care centers - Till date, two such elderly-care centers are covered under this program 2. Facial Cleft Program - Till date, 55 poor children have been operated for the facial cleft palate 3. Doctor Facility Project: till date doctor facility is running at 13 slum schools, 5 primary schools, 3 special schools & 2 old age homes 4. Mobile Medicare Unit (MMU): till date we are supporting MMU for poor elderly in slum areas of Pune & Goa Hallmark Projects completed by the Foundation in FY 2013-14 Health: 1. 20point Clinical health check-up & Doctor facility project for 7500 students from slum schools in Pune and Nagpur 2. 225 cataract operations completed at Pune, Nagpur, Hyderabad and Goa Education: 1. Library Project – 7 Toy libraries & 5 book libraries have been set up at schools 2. E school Lab Project: Provided E learning set up to 23 slum / Rural schools in Pune & Nagpur Persistent Foundation - Confidential - Page 2 of 28 Persistent Foundation Report 2013-14 Community Development: 1. Water Conservation Projects – Conducted at3 water scarcity villages Hiware, Velhe, Vegare near Pune 2. Digitisation of Records Project – at BSSK & Bhandarkar Oriental Research Institute Where do we stand today? Donation Drives among employees: Health (Top 2): 1. Jaipur Foot –157 Jaipur Foot donated for amputees 2. Cataract Operation – 279 cataract operations sponsored Education (Top 2): 1. Student Sponsorship Program - More than 425 slum/rural students supported 2. Uniform, School Kit, School Book Donation – More than 500 students benefited from this Community Development (Top 2): 1. Jai Jawan - Gifting Diwali Sweets & Greetings to more than 750+ Indian Jawans at the border 2. Donation for restoration of Uttarakhand: more than Rs. 4 Lakhs donated for the cause by PSL employees Persistent Foundation - Confidential - Page 3 of 28 Persistent Foundation Report 2013-14 Where do we stand today? Special Achievements: Persistent Foundation is proud to mention that Persistent Systems Limited has been awarded with the following awards for its CSR activities and the Foundation’s activities have contributed in a big way: Persistent Foundation - Confidential - Page 4 of 28 Persistent Foundation Report 2013-14 Foundation’s activities in FY 2013-14: Financials During the year under review, the Foundation has received donations as per details given below: Sr. No. Particulars Amount Donation towards corpus - Persistent Systems Limited 112.28 1 - From Trustees and Employees 7.63 -Transferred from Income & Expenditure Account 12.00 Sub-total (A) 131.92 Donations towards direct expenses on objectives - Persistent Systems Limited 112.28 2 - From Trustees 5.00 - From Employees and others 56.89 Sub-total (B) 174.17 The Foundation received an interest income of 39.95 Lakhs on the fixed deposits investment made by it. The details of utilization of funds of the Foundation during the period under report are as under: Amount Donated to other Amount Donated Amount Institutions by Employees Sr. No. Particulars to other used for Total Amount of PSL through Persistent Institutions Projects Foundation 1 Education 12.49 39.67 27.14 79.30 2 Healthcare 8.02 35.13 5.80 48.95 3 Community Development 12.37 34.57 14.83 61.77 Total 32.88 109.37 47.77 190.02 The Foundation made Donations to various institutions in terms of the Donation Policy of the Foundation. As per the Donation Policy of the Foundation, the Foundation makes donations to approved institutions operating in the field of Education, Healthcare and Community Development. Exceptionally, the Foundation also donates small sums in special deserving cases to a few individuals. The list of institutions and individuals to which donations were made by the Foundation during the year under review is attached as Annexure 1. Persistent Foundation - Confidential - Page 5 of 28 Persistent Foundation Report 2013-14 Foundation’s Activities for FY 2013-14: Financial Year 2013-14 was the fifth year of operations of the Foundation. The Foundation continued to focus its resources in the following areas for aid, assistance and conducting projects during this year. 1. Health 2. Education 3. Community Development Brief summary of income and utilization of funds for FY 2013-14 vs. FY 2012-13 A Bird’s-eye-View of Total Income (Amount in Rs. Lakhs) Income Source FY 13-14 % FY 13-14 FY 12-13 % FY 12-13 Donation from Persistent Systems towards Corpus 112.28 33.61 67.27 31.32 Donations from Employees, Trustees & others towards Corpus 7.63 2.29 1.05 0.49 Donation from Persistent Systems towards Expenses 112.28 33.61 65.8 30.63 Donations from Employees, Trustees & others towards Expenses 61.89 18.53 48.45 22.56 Return on investments 39.95 11.96 32.23 15 Total 334.04 100 214.08 100 A Bird’s-eye-View of Utilization of Funds Focus area-specific break-up (Amount in Rs. Lakhs) Focus Area Donation Projects Employee Donation Total FY 13-14 % 13-14 Total FY 12-13 % 12-13 Education 12.49 39.67 27.14 79.30 41.73 62.05 45.08 Health 8.02 35.13 5.80 48.95 25.76 37.91 27.54 CD 12.37 34.57 14.83 61.77 32.51 37.67 27.37 Total 32.88 109.37 47.77 190.02 100.00 137.63 100.00 Community Focus Area Education Health Total FY 13-14 % 13-14 Total FY 12-13 % 12-13 Development Donation 12.49 8.02 12.37 32.88 17.30 29.26 21.26 Projects 39.67 35.13 34.57 109.37 57.56 62.12 45.14 Employee Donation 27.14 5.80 14.83 47.77 25.14 46.25 33.60 Total 79.30 48.95 61.77 190.02 100.00 137.63 100.00 Persistent Foundation - Confidential - Page 6 of 28 Persistent Foundation Report 2013-14 Location-specific break-up (Amount in Rs. Lakhs) Location Donation Projects Employee Donation Total FY 13-14 % 13-14 Total FY 12-13 % 12-13 Pune 32.88 93.29 37.70 163.87 86.24 106.72 77.54 Nagpur 0.00 12.10 3.36 15.46 8.14 14.72 10.70 Hyderabad 0.00 1.93 1.64 3.57 1.88 11.37 8.26 Goa 0.00 2.05 5.07 7.12 3.75 4.82 3.50 Total 32.88 109.37 47.77 190.02 100.00 137.63 100.00 Focus area-specific break-up (Amount in Rs.