Summary
Agewell Foundation
 
Elderly
Advocacy
Goal 10: Reduced Inequalities
Estd: 1999
Used for Beneficiaries: 98% *
Address : M-8A, Lajpat Nagar II, New Delhi 110024. Delhi
Email :  agewellfoundation@gmail.com
Web-site : www.agewellfoundation.org
Telephone : +91 11 29836486
Donor Contact : Mr. Narendra Negi / +91 9810030979 / agewellfoundation@gmail.com
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201720182019
Income From
Government Sources3,548,205750,7900
Institutional Sources3,698,2274,606,3263,774,250
Foreign Sources3,632,5025,231,3274,349,581
Donations9,038,28610,299,35615,990,527
Sales/Fees000
Interest/Dividend86,00895,082104,943
Other Income6,439602709
Total Income (A)20,009,66720,983,48324,220,010
Expenses For
Direct Programme Activities17,107,99118,478,06518,338,692
Programme Staff Cost1,523,762174,993179,692
Travel Expenses91,408403,48994,984
Direct Programme Expenses18,723,16119,056,54718,613,368
Fund Raising Expenses0072,216
General Staff Cost333,5011,13642,090
Overhead Expenses771,773684,83341,456
Depreciation323,889210,327179,613
Other Expenses/Transfer3,108,640442,2072,193,688
Total Expenditure (B)23,260,96420,395,05021,142,431
Surplus / (Deficit) (A-B)-3,251,297588,4333,077,579
Balance Sheet201720182019
Assets
Fixed Assets2,593,9302,390,5022,220,588
Current Assets (excl. Cash)536,34578,342121,747
Cash/Bank 1,716,0742,473,5267,465,941
Investments000
Accumulated Deficits000
Total Assets4,846,3494,942,3709,808,276
Liabilities
Corpus / Share Capital1,894,1761,894,1761,894,176
General Funds168,8591,183,3096,380,066
Earmarked Funds1,198,872601,152315,908
Loans1,023,052772,234492,986
Current Liabilities561,390491,499725,140
Total Liabilities4,846,3494,942,3709,808,276
Other Details201720182019
Direct Beneficiaries (Nos)122,181176,119170,357
Indirect Beneficiaries (Nos)1,103,020966,7141,015,000
Cost Per Direct Beneficiary (Rs) - Avg. 188115123
Number of Staff151415
Highest Salary (Rs p.a.)360,000180,000180,000
Lowest Salary (Rs p.a.)192,00048,00048,000
Note: * Adjusted. Transfers to Reserves have been excluded from total expenses to calculate the proportion of expenses 'Used for Beneficiaries'
Regd. under : The Indian Trust Act, 1882
Auditor : A. K. Nair & Co.
Bankers : Axis Bank
Standard Chartered Bank

Donor tax benefits : 80G 50%
Eligible for foreign donations : Yes

Trustees/Directors/Managing Committee:
Mr. Himanshu Rath, Founder Chairman
Mr. Narendra Singh Negi

Source : Audit Report 2019

Financial Note : 1) In FY13 and FY14, income from Government sources includes money donated by Rural Electrification Corporation. 2) Donation in kind is 61% of total income in FY13, 72% in FY14, 59% in FY15, 70% in FY16, 26% in FY17, 49% in FY18 and 26% in FY19. 3) Other income includes write off of credit balances and assets. 4) Expense Breakup provided by the NGO from FY17 onwards. 5) Programme Staff Cost has drastically reduced from FY18 onwards since the NGO has moved towards developing a volunteer based team now. 6) Fund Raising Expenses includes Advertisement expense. 7) Transfer to Reserve Fund to the extent permitted (15%) has been taken in Other Expenses/Transfers.

NGO Profile :
Agewell Foundation is a non-profit working in New Delhi and National Capital Region (NCR) for the welfare and empowerment of the elderly since 1999. They endeavor to bring about a change in society's perceptions of older persons, while promoting improved interactions between generations.

In addition to their work in Delhi, Agewell has set up a two-tier network of over 7,500 primary and 80,000 secondary volunteers spread over 718 districts in India. Agewell Foundation has been recognized for its efforts and the Economic and Social Council (ECOSOC) has granted it Special Consultative Status at the United Nations.

Their programs include:

  • Helpline for Older Persons: With the help of trained counsellors, Agewell reaches out to around 25,000 elderly on a daily basis. These counsellors identify and assist the elderly with family and social problems, financial and health related issues, etc. It works as a bridge between the assistance seekers and assistance providers.
  • Research and Advocacy Centre: Agewell conducts studies in areas relating to ageing and uses these findings to advocate on issues concerning the welfare of the elderly with the government, international agencies and others. It also carried out a nationwide survey to study the issues related to gender discrimination faced by the elderly in India.
  • Equipment Distribution: Agewell set up collection points at locations throughout Delhi to collect donations (monetary or clothing) and sensitizing the youth on their responsibilities. In 2019, Agewell distributed 150,000 pieces of woolen, 2,850 food packets, 3,100 wheelchairs, 4,200 walkers and 150,500+ adult diapers to the elderly.
  • Employment Exchange: Agewell helps provide opportunities to the retired elderly in areas such as consultancy, accountancy, tuitions and training.
  • Family Membership Scheme: It aims at providing family support to the elderly living alone in Delhi. A team of trained counsellors spend time with the elderly, provide medical support, guide on legal matters and help them pay their bills. 
  • Digital Literacy: Agewell provides Digital Literacy training to senior citizens to bridge the intergenerational gap in the society. So far, around 16,500 have been trained under this program.