Summary
Foundation For Excellence India Trust (FFEIT)
Education
Scholarships
Estd: 2003
Used for Beneficiaries: 99%
Address : No. 840, MHT House, 1st Floor, 5th Main, Indiranagar 1st Stage, Bengaluru 560038. Karnataka
Email : shekharsastri@ffe.org
Web-site : www.ffe.org
Telephone : +91 80 25201925
Donor Contact : Mr. R. S. Sastri / +91 9880547390 / shekharsastri@ffe.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201420152016
Income From
Government Sources000
Institutional Sources9,378,55117,240,14218,171,366
Foreign Sources62,202,532118,208,182133,094,082
Donations17,860,43320,565,49244,516,564
Sales/Fees000
Interest/Dividend1,734,6142,289,8932,952,753
Other Income020,64190,149
Total Income (A)91,176,129158,324,349198,824,914
Expenses For
Direct Programme Activities84,715,536138,713,509178,451,789
Programme Staff Cost4,294,1186,577,25310,665,848
Travel Expenses316,340507,807262,197
Direct Programme Expenses89,325,994145,798,569189,379,834
Fund Raising Expenses226,372745,11329,795
General Staff Cost000
Overhead Expenses1,358,0431,452,9581,429,684
Depreciation310,508439,467306,395
Other Expenses/Transfer000
Total Expenditure (B)91,220,917148,436,107191,145,708
Surplus / (Deficit) (A-B)-44,7889,888,2427,679,206
Balance Sheet201420152016
Assets
Fixed Assets946,300867,859827,224
Current Assets (excl. Cash)675,6281,451,3491,123,845
Cash/Bank 10,409,95918,252,92918,944,724
Investments13,590,07320,800,07331,745,073
Accumulated Deficits000
Total Assets25,621,96041,372,21052,640,866
Liabilities
Corpus / Share Capital13,784,98518,131,69119,092,492
General Funds11,702,96619,454,23827,133,443
Earmarked Funds134,0093,750,2816,388,754
Loans000
Current Liabilities036,00026,176
Total Liabilities25,621,96041,372,21052,640,866
Other Details201420152016
Direct Beneficiaries (Nos)2,6293,414N.A.
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 34,58043,350N.A.
Number of Staff112019
Highest Salary (Rs p.a.)636,3871,692,775N.A.
Lowest Salary (Rs p.a.)82,600119,988N.A.
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 2016

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 Program Activities are mainly Scholarships disbursed. In FY16, Direct Program Activities include net expenses for programs funded by Hans Foundation (Rs39.45 lakhs) and Michael & Susan Dell Foundation (Rs23.91 lakhs), thereby understating the Income and Expenditure for the year to that extent. 5) Fund Raising Expenses mainly include marketing and communication expenses and payment gateway charges.

NGO Profile :
Foundation for Excellence India Trust (FFEIT) is the Indian arm of the United States-headquartered Foundation for Excellence Inc. (FFE). FFEIT was set up in Bengaluru in 2003 to provide scholarships to economically weak, deserving students pursuing professional courses in the areas of technology, engineering, and medicine. A scholar who completes his or her program through FFEIT can become a member of the Trust to help other scholars in the future.

FFE has supported nearly 16,000 scholars and has awarded over 40,000 scholarships aggregating Rs80 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 6 cities in FY16 to strengthen engagement with stakeholders like students, alumni, facilitators, volunteers, individual/corporate donors and community partners together. These events provided an opportunity to bring together students and alumni, offering a scope for interaction and forging new and strong bonds with the organisation and between themselves. FFE’s model of self-sustainability is closely linked to participation of FFE’s alumni in its growth. This includes financial contributions from alumni as well as alumni engagement as volunteers – contributing their time and talent to further the mission of FFE.

Mentoring: FFE launched Work Skill Mentorship program in Bengaluru, in partnership with Mentor Together, around 100 FFE scholars were matched with senior level corporate employee mentors. The duration of the Mentorship included 734 meetings and in excess of 1500 hours of mentorship, with an average meeting time of 2 hours. Emotional maturity, social and career maturity, occupational self-efficacy related criteria were measured for mentees at the start and finish of the program.

Summer Training Program: In response to a need for a structured work readiness training program for FFE scholars, a 3 week pilot, residential Summer Training Program (STP)  launched in partnership with IIT-Gandhinagar. The training aimed to improve employability of FFE scholars by supplementing academic learning with technical and soft skills. 58 students completed the training program and graduated in FY16.

FFE was awarded a “Certificate of Merit” by the National CSR Leadership Congress and Awards in September 2016.



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