Snapshot
H M Charitable Trust
SECTOR: Education
SUB SECTOR: Scholarships
% Spent on beneficiaries
100%
Financial Score:
Age: 21 Years
Tax Benefit: 50%
Foreign donations:
Location(s): Work in progress.
Issues Addressed:
Work in progress.
Supported by:
Work in progress.
Key Trustees:
Mr. Haresh R Mehta, Trustee
Ms. Prassana H Mehta, Trustee
Recognition:
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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H M Charitable Trust (HMCT) was established to support deserving underprivileged children complete their education by sponsoring a major part of their education expenses. The Trusts principal objects are to give provide help to students in the form of scholarships, freeships, prizes and free books, and to establish and support educational institutions for the benefit of students with less privileged backgrounds.

HMCT extends financial assistance to students who have secured a minimum of 60% in their examinations and come from financially deprived background. Applications are collected at the beginning of the academic year and eligible students are short-listed for financial assistance. Students’ fees are paid directly to the institutes where they are studying. In order to ensure that the parents are serious and uncompromising, parents of eligible students have to contribute two months’ fees as well.

HMCT has supported over 3,000 students since their inception, providing a total of Rs12,701,523 since their inception in 2001. They monitor students’ performance regularly, and they have to maintain an average of 60% in their exams to continue to be eligible for assistance.

Income
Rs
15 lac
Expense
Rs
15 lac
Source : Audit Report 2012
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