CSR Funding

CSR funding registration is crucial for organizations seeking corporate social responsibility (CSR) support. By registering, you can access funding for your social initiatives. Ensure eligibility by meeting the following criteria:.

  • Ensure your organization is legally registered as a trust or company.
  • Qualify as a religious trust or charitable institution committed to social welfare.
  • Actively engage in rendering charitable services with annual financial audits for transparency..

Contact Us

Your CSR Funding with NGOExperts

We have simplified the process for you and can be done online with NGOExperts in 3 simple steps:

First, we'll have a consultation with you to assess your NGO's needs & determine which services are necessary.

Step 1

Next, we'll guide you through the paperwork & legal requirements needed to register your organization.

Step 2

We'll work with you to ensure that your NGO is in compliance with all applicable laws & regulations, & ready to make an impact.

Step 3

Introduction

Corporate social responsibility (CSR) has become an important aspect of business operations in today's world. It involves taking responsibility for the impact companies have on society & the environment. One way companies fulfill their CSR obligations is through CSR funding, which involves donating a portion of their profits or resources to social & environmental causes. CSR funding is not just a moral obligation, but also a way for companies to improve their public image, attract customers & investors, & retain employees.

According to a study by Cone Communications, 87% of customers will make a purchase based on a company's social or environmental values. Furthermore, CSR funding can have a significant impact on society, by promoting education, health, environmental sustainability, & community development.

Finding the right funding opportunities can be challenging for even the most experienced business professionals.So, we are here to help companies identify & secure the right funding streams, & ready to assist you in making the most of your CSR initiatives. Let us help you make a difference in the world while building a strong & sustainable brand.

What is Corporate Social Responsibility?

Corporate Social Responsibility (CSR) is an ethical business concept that aims to ensure that companies are accountable for their impact on society & the environment. It is a voluntary initiative that is adopted by businesses to promote sustainable development & social well-being. Corporate Social Responsibility in India covers a wide range of activities such as ethical practices, community development, environmental protection, human rights, & philanthropy.

CSR funding refers to the financial resources that companies allocate to support their CSR initiatives. It can take many forms such as grants, donations, sponsorships, & partnerships with non-profit organizations.

Many companies view CSR as a key driver of business success, as it can help to build a positive brand reputation, enhance customer loyalty, & attract & retain talented employees. CSR initiatives enable companies to make a real difference in the communities in which they operate, & also generate long-term value.

Types of Corporate Social Responsibility

  • ● Environmental Social Responsibility:Environmental CSR is focused on the impact a company has on the environment. It means implementing sustainable practices to reduce pollution & conserve natural resources.
  • ● Ethical/Human Rights Social Responsibility: This CSR highlights a company's commitment to ethical business practices & respecting human rights.
  • ● Philanthropic Corporate Responsibility:This CSR is all about giving back to society through charitable donations or volunteering. Companies may support social causes or organizations that align with their values & mission.
  • ● Economic Corporate ResponsibilityThis CSR refers to a company's responsibilities to its shareholders, customers, & suppliers. It includes ensuring economic stability & growth, treating employees & stakeholders fairly, & maintaining strong corporate governance.

Benefits of Corporate Social Responsibility

The introduction of Section 135 of Companies Act 2013 has made CSR mandatory for companies with a turnover above a certain threshold. The benefits of CSR under this act are numerous:

  • ● Positive Brand Image: Through CSR initiatives, companies contribute to social welfare, which further enhances their brand image as socially responsible entities.
  • ● Stakeholder Engagement: It also leads to better engagement with stakeholders, including customers, employees, shareholders, & communities.
  • ● Enhanced Business Performance: Companies that invest in CSR initiatives experience enhanced business performance as they are perceived as more trustworthy, & this results in an increased consumer base.
  • ● Improved Reputation: CSR initiatives help to improve the reputation of companies as they promote ethical, & sustainable practices.
  • ● Competitive Edge: CSR plays a key role in helping companies gain a competitive edge, as it meets the stakeholders' expectations & enhances their satisfaction with the company.
  • ● Competitive Edge: Through CSR initiatives, companies can establish themselves as industry leaders & thus, create a benchmark for others to follow.

Eligibility Under Corporate Social Responsibility

Before you begin the registration process, it is important to ensure that all the documents are ready & available. List of some essential documents include

  • ● Corporate Social Responsibility in India applies to every company, its holding & subsidiary companies, & foreign companies.
  • ● To be eligible, companies must have a net worth greater than 500 crore, turnover exceeding 1000 crore, & net profit of more than 5 crore in the preceding financial year.
  • ● Registered Indian companies contribute their CSR funding to NGOs that have certifications of 80G, 12A, & Non-Governmental Organizations Registration Certificate, as well as a Foreign Contribution Regulation Act Registration Certificate.
  • ● All documentation must comply with applicable acts & be submitted for renewal each year.
  • ● CSR expenditure must be reported in the company's annual report with details about policies, initiatives, funds, & projects implemented.
  • ● CSR initiatives must be relevant to the company's business activities, improve the quality of life for local communities, & be consistent with the company's values.
CSR is not optional but a legal requirement, & companies failing to comply may face penalties, fines, & loss of reputation.

How to Get CSR Funding?

As a nonprofit organization or social entrepreneur, securing corporate social responsibility (CSR) funding is essential for achieving your goals. However, getting CSR funding requires a strategic approach.

● Research & Identify Potential Donors

Before approaching any company for funds, research potential companies that operate in your area & assess their CSR initiatives. Look for companies with alignment in the cause your project addresses. Take note of their application criteria & eligibility requirements, which can vary widely.

● Proper Documentation of Your Project

Ensure that you have a clear understanding of what your project entails & that all relevant documentation is in order. Have a strong project plan, with a clear timeline of activities, list of stakeholders & the expected outcomes. Also, provide financials, project evaluation & impact assessment that will help the companies to evaluate your ideas better.

● Address Your Plan of Action

While CSR funding can provide a boost to your project, it is essential to realize that it is not a primary source of financing; hence you may not secure complete funding. Therefore, set realistic expectations regarding the amount of funding you can expect & plan accordingly.

● Set Expectations

While CSR funding can provide a boost to your project, it is essential to realize that it is not a primary source of financing; hence you may not secure complete funding. Therefore, set realistic expectations regarding the amount of funding you can expect & plan accordingly.

Get Empanelment with "National CSR Hub" at TISS

To secure CSR funding for their projects, NGOs can conveniently seek empanelment with the esteemed "National CSR Hub" at Tata Institute of Social Sciences (TISS). By achieving empanelment, you become a part of a professional network of development sector organizations in India. However, to qualify for this esteemed partnership, your NGO must fulfill certain requirements.

These include demonstrating financial capacity, transparency & sustainability, solid governance & organizational structure, a clearly defined core activity, established strategies & methodologies, a capable staff, proper administrative policies & procedures, effective program management, & proper documentation.

Net Profits for CSR

As per the CSR (Corporate Social Responsibility) policy, every company must set aside 2% of their average net profits from the previous three years towards fulfilling their CSR obligations. The calculation of net profits for CSR is done in accordance with Section 198 of the Companies Act, 2013.

This section states that when computing a company's net profits, any subsidies or bounties received from a government or public authority authorized for this purpose should be taken into account as credits. Essentially, companies can reduce their net profit amount by the subsidies or bounties they receive, thereby lowering their CSR contribution. This is important information for companies seeking to accurately calculate their CSR spending requirements.

Fines for Non-Compliance to CSR

If a company doesn't spend the money they're supposed to on social & environmental causes, they will face fines. The fine will start at Rs 50,000, but could go up to Rs 25 lakh. Also, any person in charge of the company who doesn't follow the rules can face fines of at least Rs 50,000 & up to Rs 5 lakh, as well as potential imprisonment for up to three years.

Companies need to spend their CSR money responsibly & follow the rules to avoid facing these penalties. These fines exist to ensure that companies are properly contributing to social & environmental causes, & are being held accountable if they don't fulfill their obligations.

Why Choose NGOExperts?

NGOExperts specializes in providing end-to-end project management services for CSR funding initiatives. Our experienced team ensures timely & efficient execution of projects while maintaining complete transparency. We offer comprehensive reporting & impact assessment services to help organizations achieve their CSR goals.

  • ● Extensive experience in CSR funding & management
  • ● Strong network of corporate partners & donors
  • ● Proven track record of successful collaborations with NGOs & corporate clients
  • ● Dedicated team of experts committed to social impact & sustainable development goals.

Our Process

We follow a simple three-step process to offer CSR funding guidance & other services for NGOs:

  • ● We begin by conducting a detailed analysis of your organization's needs & resources to identify the areas where we can offer the most impact.
  • ● Our team of experts will then work with you to develop a customized action plan that aligns with your objectives & timeframes.
  • ● Finally, we will implement the action plan & provide ongoing support on CSR Funding so that your organization remains on track to meet its goals.

Choose NGOExperts for our expertise, reliability & commitment to social impact.

"Additionally, if you're a private limited company looking to fulfill your CSR obligations and need assistance with registration and compliance, our team at NGOExperts can help you navigate the process seamlessly. We provide expert guidance on private limited company registration for CSR, ensuring that you meet all legal requirements while making a positive impact on society and the environment

Popular FAQ's on
CSR Funding

Corporate Social Responsibility (CSR) is a crucial framework for businesses to operate in a sustainable & ethical manner. However, it's not mandatory for every company to pay for CSR. To be eligible, the company must meet certain criteria.
As per the provisions, any company or its holding/subsidiary/foreign company that has a net worth over INR 500 crore or a turnover exceeding INR 1,000 crore in the preceding financial year, must pay for CSR. While there are no legal penalties for companies that do not meet the criteria, they may face backlash from stakeholders & an erosion of their reputation.

The answer varies depending on the company, but in general, the funds are managed by a dedicated CSR team. This team works closely with other departments within the company, such as finance & legal, to ensure that the funds are used in alignment with the company's values & goals. In some cases, the company may outsource the management of the funds to a third-party organization with expertise in CSR.

Keep in mind that there are certain eligibility criteria and guidelines to follow for both registration and certification. As you navigate the process, be sure to seek guidance from a professional like us & stay organized in your documentation.
  • ● Environmental responsibility relates to initiatives that reduce a company's impact on the environment.
  • ● Philanthropic responsibility aims to contribute to society's betterment through charitable acts.
  • ● Ethical responsibility is a measure of a company's commitment to conducting business fairly & morally.
  • ● Lastly, economic responsibility relates to improving the economic conditions of the communities in which a company operates.
  • These funds are essential in ensuring that a company is not just focused on profits, but also on contributing to the greater good.

    The answer is No. Despite the good intentions behind CSR spending, it is not allowed as a deduction in computing taxable income for the company. Essentially, this means that companies cannot use CSR funding as a way to lower their taxable income. While this may seem discouraging for companies wanting to do good, it's important to recognize that CSR should not be solely motivated by tax benefits. By prioritizing social responsibility regardless of tax incentives, companies can truly make a positive impact on society.

    Reliance Industries Limited (RIL) has secured the top spot for the highest CSR fund in India. A staggering Rs. 922 Cr was spent on CSR initiatives by RIL in the fiscal year 2020-2021. The company has always been at the forefront of corporate social responsibility & is committed to contributing to the communities around them. With a wide range of initiatives, RIL aims to make a difference in areas such as education, healthcare, environment, & rural development. The company places high importance on creating a sustainable future for all & continues to invest generously in its CSR programs to make a positive impact.

    Corporate social responsibility (CSR) scheme is a way for companies to show their commitment to the society & environment. It involves integrating socially responsible practices into a company's day-to-day operations, instead of solely focusing on profits. CSR schemes may take many forms, such as supporting communities, reducing waste & carbon emissions, promoting ethical business practices, or investing in employee well-being. The key objective of a CSR scheme is to create a positive impact on the society & the wider world, while also providing social & economic benefits to the company.

    According to the CSR policy, companies are required to spend 2% of their average net profits made during the preceding three years towards CSR initiatives. However, it's important to note that the computation of net profit for CSR is based on the guidelines outlined in Section 198 of the Companies Act, 2013. While profit may not be the driving force behind CSR efforts, it certainly plays a role in ensuring that companies are able to dedicate the necessary resources towards making a positive impact in their communities & beyond.

    Corporate Social Responsibility (CSR) is a crucial aspect of modern business that focuses on the broader impacts companies have on society & the environment. The primary objective of CSR is to make sure that corporations operate in a sustainable & responsible manner & take into account the social, economic, & environmental consequences of their actions.

    Corporate social responsibility (CSR) funding is an essential aspect of businesses that aim to make a positive impact on society. Through CSR funding, companies can actively contribute towards social & environmental causes that align with their values & beliefs. This type of funding ensures that companies are not solely focused on their financial bottom line but are also committed to being responsible corporate citizens. CSR funding can benefit society in numerous

    The answer is they want to have a positive impact on society & the environment. CSR involves taking responsibility for the impact a company has on the world beyond just its bottom line. This can include initiatives to reduce the company's carbon footprint, charitable giving, or other volunteer programs. While some may see it as a PR strategy, many companies see CSR as an integral part of their mission & values.

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