Crisis: Of the 3.3 million registered Indian NGOs, it is reported that <10% have complied with filing annual returns with the Registrar in the last financial year. Hence, the need for transparency!
HYNGO was set up with the goal of promoting transparency in the social sector and helping donors make donation decisions in an enlightened, strategic and impactful manner. HYNGO is the only organization in India that standardizes detailed financial and program information on 650+ NGOs across 489 zip-codes and 13 sectors.
Donor Advisory Services: We recommend NGOs to donors (corporates, individuals, foundations, etc.) which match their unique requirements, and also monitor the fund utilization for them. We make an effort to identify NGOs which meet the highest standard of credibility and run efficient programs but have lesser visibility than the popular NGOs. Since inception, we have raised over ₹41 million for NGOs.
Systematic Giving Plan (SGP): HYNGO launched SGP - a first of its kind initiative in the world. SGP enables investors to contribute 10% of their investment with a Mutual Fund (MF) every year towards charitable causes vetted and monitored by HYNGO. Quantum MF is the first fund house to adopt SGP.
Income Rs5 lac
Expense Rs3 lac
Source : Audit Report 2018
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