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Foundation For Excellence India Trust (FFEIT)
Estd: 2003
Used for Beneficiaries: 98%
Address : No. 840, MHT House, 1st Floor, 5th Main, Indiranagar 1st Stage, Bengaluru 560038. Karnataka
Email :
Web-site :
Telephone : +91 80 25201925
Donor Contact : Mr. R. S. Sastri / +91 9880547390 /
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201320142015
Income From
Government Sources000
Institutional Sources7,893,4939,378,55117,240,142
Foreign Sources37,171,47262,202,532118,208,182
Other Income0020,641
Total Income (A)52,744,93491,176,129158,324,349
Expenses For
Direct Programme Activities46,299,78184,715,536138,713,509
Programme Staff Cost2,552,9024,294,1186,577,253
Travel Expenses72,691316,340507,807
Direct Programme Expenses48,925,37489,325,994145,798,569
Fund Raising Expenses827,110226,372745,113
General Staff Cost000
Overhead Expenses867,1611,358,0431,452,958
Other Expenses/Transfer000
Total Expenditure (B)50,674,94891,220,917148,436,107
Surplus / (Deficit) (A-B)2,069,986-44,7889,888,242
Balance Sheet201320142015
Fixed Assets261,358946,300867,859
Current Assets (excl. Cash)373,053675,6281,451,349
Cash/Bank 4,662,03810,409,95918,252,929
Accumulated Deficits000
Total Assets17,960,45025,621,96041,372,210
Corpus / Share Capital6,205,73413,784,98518,131,691
General Funds11,747,75411,702,96619,454,238
Earmarked Funds0134,0093,750,281
Current Liabilities6,962036,000
Total Liabilities17,960,45025,621,96041,372,210
Other Details201320142015
Direct Beneficiaries (Nos)1,9242,6293,414
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 26,31034,58043,350
Number of Staff91120
Highest Salary (Rs p.a.)530,323636,3871,692,775
Lowest Salary (Rs p.a.)78,00082,600119,988
Regd. under : The Indian Trust Act, 1882
Auditor : G. S. Prakash & Co
Bankers : ICICI Bank Ltd

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

Trustees/Directors/Managing Committee:
Ms. Sudha Kidao, Managing Trustee
Ms. Smita V. Uttarwar, Trustee
Mr. Rishikesha T. Krishnan, Trustee
Mr. Venktesh Shukla, Trustee

Source : Audit Report 2015

Financial Note : 1) Income from Institutional Sources mainly includes grants from Cognizant for providing scholarships. 2) Income from Foreign Sources mainly includes grants from Foundation for Excellence Inc (USA). 3) Donations include funds received from Non-FCRA sources, with no further bifurcations provided. 4) Direct Programme Activities are mainly Scholarships disbursed. In FY15, Direct Programme Activities include net expenses for programmes funded by Hans Foundation (Rs40.76 lakhs) and Michael & Susan Dell Foundation (Rs11.40 lakhs), thereby understating the Income and Expenditure for the year to that extent. 5) Fund Raising Expenses mainly include marketing and communication expenses.

NGO Profile :
Foundation For Excellence India Trust (FFEIT) was set to provide scholarships to economically weak, deserving students pursuing professional courses. Students studying professional courses in the areas of technology, engineering, or medicine are eligible for these scholarships. A scholar who completes his or her programme through FFEIT can become a member of the Trust to help other scholars in the future. FFEIT is the Indian arm of the United States-headquartered Foundation for Excellence Inc. (FFE).

FFE has supported nearly 14,800 scholars and has awarded over 38,000 scholarships aggregating Rs60 crores, making FFE one the largest scholarship granting organizations for higher education in India.

Open House Events and alumni Connect: A series of Open House events were conducted in 7 cities in FY15 to bring stakeholders like students, alumni, facilitators, volunteers, individual/corporate donors and community partners together. They also awarded the prestigious FFEIT Scholarships to deserving students. The crucial and responsible role of being a part of the FFEIT community, leveraging the community network of FFEIT stakeholders, and contributing to the growth of FFEIT were also conveyed at these events. The role of alumni in building a sustainable Foundation through contributions to fulfil the pledge of support undertaken by each scholarship recipient was emphasised, and alumni were encouraged to stay connected with the organisation. Around 1,300 individuals whose lives had been touched by FFEIT interacted with the Trustees during these events, and FFEIT alumni with noteworthy contributions were felicitated as well.

Mentoring - FFE's New Initiative:  In FY15, FFE launched its first ever one-on-one structured mentorship programme in Bengaluru, in partnership with Mentor Together, where 100 FFE scholars were matched with senior level corporate employee mentors. This programme aimed at understanding student interests, aptitudes and skills that enabled pairing of students to corporate mentors. The Mentoring Programme facilitated in building critical workplace skills and social connectivity for the students with a focus on communication, interpersonal, self-management, and decision making skills. Overall, 723 mentor-mentees meetings were organised. The initial cohort of 83 students completed eight months of the mentoring programme.

The FFEIT Scholars’ Association also has a web portal that promotes and publicises FFEIT’s nationwide activities.