UN Sustainable Development Goal: Goal 16: Peace, Justice and Strong Institutions
% Spent on beneficiaries
Age: 6 Years
Tax Benefit: 50%
Work in progress.
Build a corpus to systematically support credible and vetted NGOs;
Help donors make informed donation decisions;
Give small/mid-sized NGOs more visibility
Stone Shippers Ltd.; Jardine Llyod Thompson
Quantum Advisors Pvt. Ltd.; Cricket Club of India; Padmanabh Mafatlal Group; Oil Field Instrumentation (India) Pvt. Ltd.; The Watumull Foundation; D. L. Shah Trust
Mr. Iyer Venkata Subramaniam;
Mr. Rahul Goel
SGP was awarded the 'Best Social Impact Initiative' at the India Wealth Awards organized by AIWMI - 2018
Article on SGP published in Civil Society magazine's Feb 2019 issue
HYNGO was set up with the goal of promoting transparency in the social sector and helping donors make donation decisions in a strategic manner. HYNGO is the only organization in India standardizing detailed financial and program information on 650+ NGOs across 504 zip-codes and 13 sectors
Advisory Services: We recommend NGOs to donors which match their unique requirements, and also monitor the fund utilization. We make an effort to identify NGOs meeting the highest standard of credibility but having lesser visibility than the popular NGOs.
YourRedButton - newly launched: YourRedButton aims at building a Corpus and providing a steady stream of inflows to support credible NGOs and help them become sustainable over time. This will allow NGOs to focus on implementing the great work that they do, instead of focusing on fundraising. HYNGO will monitor the utilization of funds and share half-yearly program reports and fund utilization statements with donors for 10 years.
Systematic Giving Plan (SGP): A first of its kind initiative which enables investors to contribute 10% of their investment with a Mutual Fund (MF) every year to NGOs vetted and monitored by HYNGO. Quantum MF is the first fund house to adopt SGP.
Income Rs11 lac
Expense Rs11 lac
Source : Audit Report 2019
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