The Annual General Meeting of IIMPACT Educating the Girl Child Inc. was held on 13 Nov 2023. The following office bearers and members were unanimously elected.
Rajiv Dhar, President
Alok Ralhan, Vice President & Secretary
Dinesh Chauhan, Treasurer
Vipin Narula, Member
Raghu Rama Swamy, Member
Gina Rigzin, Member
Dilip Rao, Member
The President thanked the outgoing members for their contributions and welcomed the new members. Minutes of the AGM are here: IIMPACT AU AGM Minutes 13 November 2023.
The Foreign Contributions (Regulation) Act 2010 in India (FCRA) now requires all charities to use overseas funds to directly pay for expenses, rather than via third parties (such as the NGOs that deliver services for IIMPACT India). This affects all foreign-funded charities in India.
To comply with these regulations, IIMPACT India will now directly pay around 70% of costs (such as teacher salaries, supervision, teaching materials) for each LC sponsored by IIMPACT Australia, from the AUD funds we send them. They will cover the balance of overheads (30%) for each LC from their local INR fundraising. The balance of our funding for 28 LCs (as at 1 Jun 2023) will be used to fund 70% of costs for an additional 12 LCs, under the same model. These LCs will be shown as sponsored by IIMPACT Australia.
LC sponsors will continue to enjoy full visitation and signage rights, with no changes. Note that all of your donation is still being applied to the compliant funding of LCs in India.
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