Snapshot
Mugavari Foundation
SECTOR: Education
SUB SECTOR: Hostel
% Spent on beneficiaries
92%
Financial Score:
Age: 8 Years
Tax Benefit: 50%
Foreign donations: X
Location(s): Work in progress.
Issues Addressed:
Work in progress.
Supported by:
Work in progress.
Key Trustees:
Mr. K. Ramesh, Founder & Managing Trustee Mr. D. Sundaramoorthy, Trustee
Mr. R. Saravanan, Trustee Mr. D. Jaisankar, Trustee
Ms. Gowri Krishnamoorthi, Trustee Ms. Suseendra Balamurugan, Trustee
Ms. Sangeetha Mohanavel, Trustee Dr. Parimala Krishnamurthy, Trustee
Sector Comparison:
Beneficiary Spend:
Average: 82.9% Highest: 100.0% Lowest: 38.0%
Income:
Average: Rs4 cr Highest: Rs75 cr Lowest: Rs1 lac
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Mugavari Foundation was established to focus on helping deserving students from humble background to continue their pursuit for higher education in Chennai. They accomplish this by either taking care of all their needs or providing these students with partial scholarships.

During FY14 Mugavari Foundation accommodated 40 new students. Of these 30 joined professional courses and 10 students are preparing for civil services. Besides these, more than 100 existing student beneficiaries through Mugavari continue to get support. In addition to smaller donors, Mugavari continues to benefit from food and accommodation facilities from their long time patron, Mr. Duraisamy of the Manidhanaeyam Charitable Trust. As of today there are 232 students who have been taken care of by Mugavari with the help of more than 133 sponsors and 7 Vanavil Students.

Vanavil (Tamil for rainbow) is an Alumni programme through which ex-students students who have benefitted from the Mugavari Foundation are encouraged to give back. These students contribute 7% of their income to Mugavari to help fund for their education programme 

Income
Rs
70 lac
Expense
Rs
75 lac
Source : Audit Report 2018