Platform encourages nonprofits to crowdfund their annual budget in transparent online event
Bengaluru: At a time in which many nonprofits have struggled to stay afloat, GiveIndia’s annual fundraising challenge – starting tomorrow, February 1 – comes as a boon with ₹4 crore to give away as rewards to NGOs who participate.
In the last seven years, Bengaluru-based GiveIndia has awarded more than ₹10 crore to participating Indian NGOs to support their impact interventions. About 60 nonprofit organisations – among the 450 who join the challenge – raise anything between 30-80 per cent of their yearly fundraising budget during GFC.
The event is held in the last two months of the financial year, giving donors the opportunity to benefit from tax savings for their monetary contributions. Tax deductible 80(G) and 501(c)(3) receipts are issued for domestic and international donations. GFC gives NGOs a chance to hone their crowdfunding skills, an expertise that stands them in good stead in a technology-driven era where the emphasis is on online fundraising.
Sumit Tayal, COO, GiveIndia said: “GiveIndia Fundraising Challenge 2022 is an open invitation for all nonprofits and their supporters to raise money for their chosen philanthropic causes. As India’s most trusted giving platform – and in keeping with our founding mantra of promoting the giving culture- we encourage all NGOs to join the challenge. We are geared up to give every support required for their fundraising success.”
Every one of the 2,500+ NGOs registered with GiveIndia with an active fundraising page will be automatically entered into the eighth edition of GFC. Those not with GiveIndia but who wish to participate and have the chance to win matching rewards for upto 25% of the amount raised, can go through a simple registration and due diligence process to join.
Over 450 NGOs- including Team Everest, Deesha Education Foundation and Umeed Foundation – participated in GFC 2021 and raised ₹17 crore for causes like healthcare, COVID relief, children and education.
