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Dasra Commits to Advancing Women's Leadership at Clinton Global Initiative 2023 Meeting in New York

Pti: Dasra Commits to Advancing Women’s Leadership at Clinton Global Initiative 2023 Meeting in New York

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The share of the rich decreased in the donation amount

There has been a significant decrease in the amount donated by the country's super rich people for charitable purposes. This has come down sharply to Rs | BLiTZ

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ISDM, Dasra and Governance Counts conclude first cohort of women on boards program

ISDM, Dasra and Governance Counts conclude first cohort of women on boards program
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Philanthropy Pie Boosted Mainly by Individual, Family Contributions in FY'20: Report

Philanthropy Pie Boosted Mainly by Individual, Family Contributions in FY'20: Report
While increasing marginally, the share of philanthropic contribution by domestic companies and foreign sources decreased in the overall pie in FY'20 in comparison to FY'19.
Representative image. Photo: Perry Grone/Unsplash, (CC BY-SA)
Business16/Mar/2021
New Delhi: The share of philanthropic contribution by domestic companies declined from 29% in FY’19 to 28% in FY’20 in the overall pie, according to the 11th edition of the India Philanthropy Report 2021.
The share of foreign funding, which has seen an increased scrutiny by the central government, has also declined from 31% in FY’19 to 25% in FY’20.

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Funding from family philanthropy in India triples to Rs 12,000 cr in FY20

Family philanthropy has proven resilient throughout the pandemic and grew to nearly Rs 12,000 crore in fiscal year 2020, accounting for almost two-thirds of the rise in private sector funding since FY19, says a report.
According to the India Philanthropy Report 2021, co-created by Bain and Company and Dasra, funding from family philanthropy has tripled its corpus, growing to nearly Rs 12,000 crore in FY 2020.
As per the report, in FY 2020, private-sector funding which stems from four sources including foreign, corporate, retail, and high-net-worth individuals (HNIs) or families totalled about Rs 64,000 crore and 20 per cent of this came from family philanthropy.
While foreign contributions account for a quarter of all funding, domestic corporation donations also known as Corporate Social Responsibility (CSR) account for 28 per cent and retail investors account for another 28 per cent.

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Family philanthropy funding triples but social sector will still see a deficit

Family philanthropy funding triples but social sector will still see a deficit
But a decline in revenue and profitability will impact Indian corporationsâ ability to contribute to the social sector through CSR activities.
Image: Alamy
Funding from family philanthropy tripled its corpus to â¹12,000 crore in the last financial year but the social sector will continue to see an annual funding deficit because of a pandemic-induced setback, says a new report. Indiaâs rich continue to contribute a lot less compared to their American counterparts.
A decline in revenue and profitability from the pandemic will impact Indian corporationsâ ability to contribute to the social sector through their corporate social responsibility (CSR) initiatives, according to the

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