As stewards of the Trust, we are committed to transparency and accountability. All of the monies received are solely used to fund the education of underprivileged students. Trustees volunteer their time and by its charter are not permitted to be compensated in any manner from the Trust funds.
Nachiappan Foundation Trust has a PAN registration number AABTN8513E. It was registered with the sub-registrar’s office in Chennai on 23 August 2013. Income under the foundation is exempted from tax as per the certificate issued by the commissioner of Income Tax, Chennai. The registration certificate under section 12 AA of the income tax act was received from the director of income tax (Exemptions) Chennai, under reference number DIT (E) No.2 (427) 13-14 SL No. 396/13-14 dated 28.03.2014.
The funds received in the corpus of the foundation has been placed in several fixed deposits and the income accruing from these deposits are used to fund the students on an ongoing basis.
Donations made to the foundation will qualify for section 80g deductions under the income tax act from this financial year.
Name
Nachiappan Foundation Trust
Bank
HDFC Bank
Branch
Chennai, 40 Nungambakkam High Road, Chennai 600034
Account Number
50100327525115
MICR
600240006
Branch code
000082
Swift code
HDFCINBB (Head office)
IFSC Code
HDFC 0000082
No. | Name | Amount | Date |
1 | Clasticon Solutions PVT. LTD. | INR 40,000.00 | 04/06/2024 |