FOUNDATION FOR EXCELLENCE INDIA TRUST

Similar documents
FFEIT NEWSLETTER. Vol. 1, Issue No. 4 March Note from Managing Trustee, FFE India Trust:

Application Form For JAPAN s Grant Assistance for Grassroots Projects (GGP)

ELECTION COMMISSION OF INDIA

Scheme of Merit cum means based scholarship to students belonging to minority communities.

Aegis Skills Edge Pvt. Ltd.

Corporate Social Responsibility Annual Report of Apple India Private Limited (the Company ) FY

STATE NURSING COUNCIL CONTACT ADDRESS (O) (O) (F) (O) (F)

Sample INDEX. 1. List and Information about Nursing Colleges from India. 2. States

An analysis of CSR fund flow in India from FY to FY 18-19

Environmental Impact Assessment

Department of Economic Analysis & Research, NABARD

Sankalp India Foundation Annual Report

'START-UP INDIA' SCHEME 1

The maximum age limit for General candidates is 25 years of age as on for all posts.

Rural Health Care System in India

INVITATION FOR APPOINTMENT OF INTERNAL AUDITORS FOR THREE YEARS FROM FY Indian Council for Research on International Economic Relations

THE ORIENTAL INSURANCE COMPANY LIMITED A-25/27, ASAF ALI ROAD HEAD OFFICE, NEW DELHI

Let s play on the Spectrogram

A journey towards a sustainable future

CHAPTER-7 ICT DIFFUSION AND DIGITAL DIVIDE IN INDIA

ADMISSION NOTIFICATION 2018 EXECUTIVE POST GRADUATE CERTIFICATE PROGRAMMES

FREQUENTLY ASKED QUESTIONS. < About GGP Scheme > 2. < About Grant Assistance > 3. < About Process of Sanction of Grant > 4. < How to apply for GGP > 4

Welcome to this meeting on July 21, 2017

6 th National Convention of NGO Accountants Network. 4 th 5 th August, 2014, Delhi

CHECK-LIST AND GUIDELINES FOR SUBMISSION OF PROPOSALS UNDER THE CENTRALLY SPONSORED SCHEME- POULTRY DEVELOPMENT

FFEIT NEWSLETTER VOLUME 2, ISSUE NO. 16, APRIL Note from the Managing Trustee: Dear Friends and Supporters,

Rural Health Care System in India. Rural Health Care System the structure and current scenario

To evaluate the impact of NRHM interventions, by Agencies outside the Government, and make recommendations on:

Dr. Ambedkar Medical Aid Scheme (Revised 2016)

Surakshit Khadya Abhiyan TM

India CSR Outlook Report CSR Analysis of BSE Big 300 companies (FY ) August-September 2017

Care Champion Gold can look forwards to: PRE RACE DAY ON RACE DAY POST RACE DAY Regular contact with India Cares.

Rural Health Care System in India. Rural Health Care System the structure and current scenario

Rojgar Samachar, Government Jobs, Employment News Weekly: February 1 to February 7, 2016

AUDITORS RE,PORT. (i) In the case of Balance Sheet, the state of affairs of the society as at 31ST

CHAPTER V RAJA RAM MOHAN ROY LIBRARY FOUNDATION (RRLF)

CHAPTER 30 HEALTH AND FAMILY WELFARE

Effective NRI Banking... 4 Follow these simple steps for effective NRI Banking.

Certificate to be given by Chartered Accountant

[CURRENT AFFAIRS 4-Aug -2018]

EXPRESSION OF INTEREST FOR FNGO PROCUREMENT OF OPELIP

Start Date of candidate registration for November, 2009 CA Final qualified (and others as mentioned above) candidates: 1st February, 2010

GUIDELINES FOR ORGANISING CONFERENCE / SEMINAR/ WORKSHOP/ FDP/ STTP BY AFFILIATED COLLEGES IN COLLBOARTION WITH GUJARAT TECHNOLOGICAL UNIVERSITY

Speed Post. New Delhi dated the 8 th September, The Chief Secretaries of All the State Govts. (As per list attached)

P.O. BOX: 5925, JEDDAH-21432, KINGDOM OF SAUDI ARABIA TEL: (009662) , FAX: CABLE: BANKISLAMI

Request for Proposal. Selection of Data Collection Agency for Field Work for Impact Evaluation of Evaluation Study

CALL FOR PROPOSALS FALL 2018

abilities DIYA foundation 2012 annual report

TRANSFER/ PLACEMENT POLICY FOR GROUP A OFFICRS OF THE INDIAN REVENUE SERVICE (C & CE)

HUMBOLDT STATE UNIVERSITY SPONSORED PROGRAMS FOUNDATION

India has a large youth population

Corporate Social Responsibility (CSR) Policy

University of Vermont and State Agricultural College 4-H Program, Inc.

MAKE IN INDIA MITTELSTAND! Make In India Business Support Programme for German Mittelstand and Family Owned Enterprises

PGP IIM Udaipur's flagship 2 year Post Graduate Program in Management

INDIAN COUNCIL OF PHILOSOPHICAL RESEARCH Darshan Bhawan, 36, Tughlakabad Institutional Area M.B Road, New Delhi

Due Diligence at United Way of Chennai is a collaborative effort and a multi-stakeholder process involving:

University of Florida Foundation, Inc. Financial and Compliance Report June 30, 2016

SURANA & SURANA NATIONAL TRIAL ADVOCACY MOOT COURT COMPETITION & JUDGMENT WRITING COMPETITION ON CRIMINAL LAW 2017 RULES AND REGULATIONS

DBT in Fertilizers. PoS Procurement Status 16 th March Department of Fertilizers

PLEASE READ THIS CAREFULLY BEFORE COMPLETING THE

C. Scope of activities The CSR activities of HDFC ERGO are as per the provisions of Schedule VII of the Act.

Invitation for Expression of Interest (EOI) for Hiring of an agency for Capacity Building Scheme through an ECBC Cell in Uttar Pradesh SDA

Annual Report Financial Year

No financial proposal is required to be submitted as the selection is based only on technical proposal. 2 TERMS OF REFERENCE

HENDERSHOT, BURKHARDT & ASSOCIATES CERTIFIED PUBLIC ACCOUNTANTS

REFERENCE NOTE. No. 23 /RN/Ref./August/2013. National Highways Development Project: An Overview

Brief about ITIs and process of opening and grant of affiliation of ITIs Role of Industrial Training Institutes (ITIs)

NET PATIENT FOUNDATION TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

Paragon Studios Ltd. Trustees' report and financial statements. for the year ended 31 May 2014

तम लन ड क न द र य व श व द य लय

Guidelines for preparation of AWP&B for the year

THE INDIAN NURSING COUNCIL ACT, 1947* ACT NO. 48 OF

Concept Note on Transformation of Employment Exchanges to Career Centres And Model Career Centres

Invitation for Expression of Interest (EOI) for Hiring of an agency for Capacity Building Scheme through an ECBC Cell in Karnataka State PWD

Dr. Ajay Khera Deputy Commissioner Ministry of Health and Family Welfare, Government of India February 17 th, 2012

Frequently asked Queries (FAQs) for the participating candidates

CHAPTER 9. ROLE OF SCIENCE AND TECHNOLOGY ENTREPRENEURS' PARKS (STEPs) FOR ENTREPRENEURSHIP DEVELOPMENT

General Education (Schooling Education) Aligarh Muslim University UNIVERSITY MERIT SCHOLARSHIP UNIVERSITY GENERAL MERIT SCHOLARSHIP

Terms and Conditions for the Gold hi Gold Competition (hereinafter referred to as "Competition")

CSU COLLEGE REVIEWS. The California State University Office of Audit and Advisory Services. California State University, Sacramento

Chapter II. Health Care System in India

4 th Hiring, Attrition & Compensation Trend Survey : By Genius Consultants Ltd.

A. SUPPORT FOR CONDUCTING SEMINAR / WORKSHOP /CONFERENCE

Cultural Competency Initiative. Program Guidelines

Corporate Social Responsibility Policy

BOARD OF REGENTS POLICY

GOLDEN JUBILEE YEAR (Part II)

CONFORMED COPY. April 4, 2011

Workshop on Ind AS 115/ IFRS 15 and Ind AS 116/ IFRS 16

Online live workshop on IFRS 15 and IFRS 16. Learning and Development Academy by Grant Thornton

Micro Enterprise Assistance Program District 2 Guidelines FY

Subject: Monitoring of the ICDS Training Programme: Minutes of the first quarterly review meeting during Regarding

Pl.B/Circular/Seminars State Plan Funds/ CIRCULAR

Accounting for Government Grants

FY2007 ANNUAL REPORT ON GIFTS AND FUND RAISING

Ref : ACASH/Exhb/ / Date :

Corporate Presentation JULY 2015

GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION RAJYA SABHA PROGRESS MADE UNDER 'STARTUP INDIA'

48 th ANNUAL REPORT

Transcription:

FOUNDATION FOR EXCELLENCE INDIA TRUST Annual Report 3-4 Nurturing Brilliance * Transforming Generations

FFE INDIA TRUST AT A GLANCE About the Trust: Mission: Program: Eligibility: Process: Results: Donations: Trustees: Promoted by Foundation For Excellence, Inc. (FFE USA) a tax exempt, publicly supported charitable organization based in Santa Clara, California, USA(www.ffe.org). Registered as a Public Charitable Trust in Bengaluru, Karnataka. Registered under u/s A (a) of the IT Act, 96. Registered under the Foreign Contribution (Regulation) Act, 976. Bring about a transformation in the lives of academically bright and economically underprivileged students in India by enabling them to complete their higher education in India. Provide scholarships to students pursuing studies in professional courses in Engineering, Technology and Medicine. Academic performance, family income and background. Volunteers (facilitators) and institutions, pre-registered with the Trust, identify eligible students in India and provide assistance in submitting scholarship applications to the Trust. All FFE scholars who have graduated are encouraged to fulfill their pledge to support the education of at least brilliant and needy students by making financial contributions to the Trust. Since inception until 3 March 4, 974 students assisted. Rs.8,8,73,4 disbursed as scholarships. Donations are accepted towards: () Corpus of the Trust; () General purposes of the Trust; (3) Adopt A Scholar Program, earmarked funds for scholarships to students designated by state, gender and course of study; and (4) Towards the Scholarship Program Donations are eligible for tax deduction u/s 8G of the IT Act. India Trust is registered under FCRA (the Foreign Contribution (Regulation) Act), 976. Rs. 8,43,99,365 received as donations since inception to 3 March 4 (excluding the grant from FFE Inc.USA), with Rs.,6,54,4 being contributions from FFE scholars. Venktesh Shukla, Rishikesha T. Krishnan, Sudha Kidao (Managing Trustee) and Smita V Uttarwar Bankers: ICICI Bank Ltd, Jayanagar Branch, Bengaluru 56 Auditors: G S Prakash & Co., Chartered Accountants, Bengaluru - -

FOUNDATION FOR EXCELLENCE INDIA TRUST The Trustees of Foundation For Excellence India Trust are pleased to present the highlights of the work of the Trust for the year ended 3 March 4. From the start of FY -, FFE India Trust, Bengaluru has been responsible for the implementation of the Foundation For Excellence Inc. (FFE), USA's Scholarship Program in India. The Trust's activities in India has expanded to include scholar services, alumni outreach, Facilitator engagement and raising funds with a special impetus to create awareness about the Foundations' activities. FY 3-4 saw an increased growth in the Trust's activities in these focus areas. Scholarship Program FFE India Trust awarded 69 scholarships amounting to Rs. 7,46,55, during FY 3-4 as compared to 94 scholarships for an amount of Rs. 4,55,7,49 during FY -3. FFE Inc. awarded a grant directly to the FCRA account of FFE India Trust for the fourth year. Of the 69 scholarships, 85 scholarships for an amount of Rs. 5,7,35, were funded out of the grant provided by FFE Inc. USA; the remaining 779 scholarships amounting to Rs.,9,, were funded out of donations raised by the Trust. Of the 69 scholarships awarded during FY 3-4, 69(inclusive of 9 Engineering and 5 Medical) were new, first time scholarships while,46 were renewal scholarships. The most significant change to the Scholarship Program was the implementation of an online technology platform for the scholarship application process. This new online process allowed students around India to apply directly to FFE through an online preliminary form; the process of qualifying the student continued, with eligible students being matched to Facilitators who conducted further verification. Details of scholarship disbursement to the 69 students by state and gender are detailed in Annexure. Management of FFE India Trust Four meetings of the Board of Trustees were held during the year financial year 3-4; meetings were held on April 3, on th June 3, on 9th October 3 and the fourth on th October 3. Activities and Outreach FFE Open House events to build and connect the growing FFE community were held in 6 cities during FY 3-4. FFE stakeholders including students, alumni, facilitators, volunteers, individual and corporate donors, and community partners gathered together at these series of events; students were awarded the prestigious FFE Scholarship at some of these public gatherings which was a collaboration between FFE and FFE alumni state chapters that were operational. FFE Open House events were held in Dharwad on 8th September 3; Pune on 9th September 3; Bengaluru on th October 3; Chennai on th November 3, Kolkata on nd February 4 and culminated in Ahmedabad on 3rd February 4. - -

FFE Founder, Dr. Prabhu Goel participated in the Open House event in Pune, and together with industry and community leaders, who support FFE, had an opportunity to meet and interact with the larger FFE family. Eminent Guests of Honour who participated in FFE's events included Mr. Gopichand Katragadda, Managing Director, GE India Technology Center, and Mr. T V Mohandas Pai, Chairman, Manipal Global Education Services at the Bangalore Open House; Dr. R A Mashelkar, National Research Professor, Chancellor AcSIR & President, Global Research Alliance, and Mr. Ravi Pandit, Chairman & Group CEO, KPIT Cummins Infosystems in Pune; Dr. M B Chetti, Director of Education, University of Agricultural Science in Dharwad; Mr. T P Raman, Former CEO, Sundaram Mutual Fund in Chennai; Mr. Sanjay Jain, Managing Director, TT Textiles and Mr. Debasish Mitter, Country Head, Michael & Susan Dell Foundation (MSDF) in Kolkata and Mr. K H Patel Chairman, Gujarat Chamber of Commerce and Industry and Dr. Ashish Nanda, Director, IIM Ahmedabad at the Ahmedabad Open House. The power of networking, and enriching the growing FFE community through participation at community events held nationwide by FFE, leveraging the network of FFE stakeholders and contributing to the growth of FFE through contributions of time, connecting to corporates and new donors and donating to FFE to make it a self-sustaining organization were key messages conveyed at each of these events. Alumni were encouraged to stay connected with FFE and to the alumni network by leveraging social media (Facebook, Linked In) and engaging with FFE scholars. FFE Trustees interacted with over FFE stakeholders during FY 3-4, mainly through participation at FFE Open House events and local meetings organized for soft skills training. FFE alumni whose contributions to the Foundation were noteworthy were honored at these events, including an award of a Certificate of Excellence to celebrate their successes. The Alumni Chapters in 5 states (Karnataka, Tamil Nadu, Maharashtra, Gujarat and West Bengal) continue to promote FFE's mission through local activities and are connecting to other state chapters. The FFE Scholars' Association web portal, sa.ffe.org continues to promote and publicize FFE's nationwide activities. It also serves an important role for FFE alumni to network socially and professionally, to collaborate on projects, to seek help from peers or for mentorship and to contribute to FFE's growth. Donations to the Trust The Trust received a grant of Rs. 4,68,84,846 from FFE USA in FY 3-4. In addition, the Trust raised donations amounting to Rs. 4,7,5,369.3 as compared to Rs.,5,95,894 in FY -3. This included donations of Rs. 9,6,77 from 96 FFE alumni as compared to Rs. 5,79,999 from 6 FFE Scholars during FY -3; of these, 8 alumni were new donors to the Trust. Donations included a significant grant from the Michael & Susan Dell Foundation, USA to support the education of 4 Engineering students from urban India; from Give India; from KLA-Tencor Foundation, Chennai; from Cognizant Technology Solutions India Private Limited, Chennai; from Praxair Foundation through United Way Worldwide; from Robert Bosch Engineering and Business Solutions Limited, Bangalore; from Indication Instruments Ltd., Faridabad; from Bill Forge Pvt. Ltd., Bangalore; from Ashok Leyland Limited, Chennai; from Bally Cares, Bangalore; from 3M India Limited, Bangalore; from OCM India Limited, Punjab; Analog Devices India Pvt. Ltd., Bangalore; Kanors Consultants, Noida; Accel India Management Co. Pvt. Ltd., Bangalore; Caterpillar India Pvt. Ltd. Bangalore; India Value Fund Advisory, Mumbai; Microsoft Employee contributions through CAF India and CISCO employee matching grants through CAF America. Donations included Rs. 75,79,5 to the Corpus of the Trust, Rs.34,4,98 to the General Fund, Rs. 8,7,535 to the Scholarship Fund and Rs.,79,4,63 to the Adopt A Scholar Program. - 3 -

Category wise Donations to FFE India Trust: 3-4 (in Indian Rupees) Category of Donor Accounts The accounts of the Trust for the year ended 3 March 4 as audited by Shri G S Prakash, Chartered Accountant, are appended. Excluding donations of Rs.75,79,5 to the Corpus, the Trust earned income of Rs.9,,76,9 during FY 3-4. Of this amount, remittances from FFE, USA accounted for Rs.4,68,84,846 and Rs.93,78,55 from Cognizant Outreach towards the Cognizant Outreach Scholarship Programme. Donations to the General Fund and the Scholarship Program accounted for Rs.3,3,73,8 and interest on investments and bank deposits for Rs.7,39,63. The Trust disbursed Rs. 7,46,55, on FFE scholarships and Rs.93,78,55 on Cognizant Outreach Scholarships. The Trust incurred Rs.7,87,366 as administrative expenses (excluding depreciation of Rs. 3,,58 ) with an excess of income over expenditure of Rs. -44,788. The Trustees thank all donors for their support and generosity. We also thank our Facilitators and volunteers whose consistent support and participation is invaluable to us. The Trustees look forward to another exciting year of growth of the Scholarship Program, expanding our base of donors, Facilitators and active alumni, extended engagement with all FFE stakeholders, leveraging the growing community network, to launching new initiatives and to your sustained support. For the Board of Trustees, Corpus Fund General Fund Scholarship Fund Adopt A Scholar Program Amount Corporates - 5,, 4, 49,8,55 74,87,55 Trusts/Foundations,69 3,84,339,88,6,6,94,5,636,49,55 Facilitators -, 7, - 8, FFE Alumni,94,55 7,9,636,6,396 8,,695 9,6,77 Other Individuals 73,63,7 59,79,3,8 3,5,77,8,6,94 Total 75,79,5 34,4,98 8,7,535,79,4,63 4,7,5,369 Sudha Kidao Managing Trustee - 4 -

G.S. Prakash, B.Com. F.C.A. Chartered Accountant th No.8, 4 Main Road, (Next to Indian Bank), Chamarajapet, Bangalore-568 Phone : 8 66 3687 Telefax: 8 66 3686 prakashca@dataone.in pganagnur@yahoo.in FORM NO. B (See Rule 7 B) Audit Report under section A (b) of the Income Tax Act 96, in the case of Charitable or Religious Trust or Institutions We have examined the Balance Sheet of M/s. FOUNDATION FOR EXCELLENCE INDIA TRUST, AAATF 985 D, as at 3st March, 4 and the Profit and loss account for the year ended on that date which are in agreement with the books of account maintained by the said Trust or institution. We have obtained all the information and explanation which to the best of our knowledge and belief were necessary for the purposes of the audit. In our opinion, proper books of account have been kept by the head office and branches of the above-named Trust visited by us so far as appears from our examination of the books, and proper Returns adequate for the purposes of audit have been received from branches not visited by us subject to the comments given below:- In our opinion and to the best of our information, and according to information given to us the said accounts give a true and fair view:- (i) in the case of the balance sheet, of the state of affairs of the above named Trust as at 3st March 4 and (ii) in the case of the profit and loss account, of the Excess of Expenditure Over Income of its accounting year ending on 3st March 4. The prescribed particulars are annexed hereto. For G.S. Prakash Place : Bangalore, Date : 6th August, 4 G.S. Prakash Chartered Accountant. (Membership No. 987) - 5 -

FOUNDATION FOR EXCELLENCE INDIA TRUST BALANCE SHEET AS AT 3ST MARCH, 4 LIABILITIES CORPUS FUND Op.Bal. as per last Balance Sheet Add: Additions During the year (Schedule-3) GENERAL FUND Op.Bal. as per last Balance Sheet Add: Excess of Income over Expenditure Cognizant Outreach Scholarship Balance 65734. 75795.3 747753.8-44788.3 AMOUNT Rs 3784985.3 7965.59 349. ASSETS FIXED ASSETS (Schedule-) INVESTMENTS (Schedule-) Government of India 8% Taxable Bonds Non-cumulative for 6 years FD with ICICI Bank Ltd., LOANS & ADVANCES Security Deposit with CC Avenue Tax Deducted at Source Tax Deducted at Source TDS Recoverable Rent Deposit Telephone Deposit - BSNL AMOUNT Rs 9463. 78. 6487.55. 4847. 94. 35. 5. 399. Cash & Bank Balance Cash ICICI FCRA A/c.73 ICICI SB A/c.-5598 67. 63894.45 48364.78 56959.89 56959.89 For Foundation For Excellence India Trust As per report of even date attached Sudha Kidao Managing Trustee Rishikesha T Krishnan Trustee G.S. Prakash Chartered Accountant Place : Bangalore, Date : 6th August, 4-6 -

FOUNDATION FOR EXCELLENCE INDIA TRUST INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 3ST MARCH, 4 EXPENDITURE AMOUNT INCOME AMOUNT Rs. Ps. Rs. Ps. To Scholarships (Schedule - 5) " Cognizant Outreach " Scholarships " Salaries & Bonus " Bank Charges & Interest " Printing & Stationery " Postage & Courier " Professional & Consultancy Charges " Legal Expenses " Audit Fees " Office Expenses " CC Avenue Transaction Fee " CC Avenue Software Charges " CC Avenue Service Tax " Local Conveyance Expenses " Open House Meeting Expenses " Meeting Expenses " Marketing & Communication expenses " Marathon Alumni Expenses " AMC Charges - Computer & UPS " Staff Welfare " Telephone Expenses " Travel Expenses " Electricity Charges " Office Rent " Depreciation " EXCESS OF INCOME OVER EXPENDITURE 74655. 937855. 37593. 46.49 7769. 468. 7746. 45. 44944. 83. 96.54 444.96 986.5 6498. 67938. 746. 4. 47. 378. 469. 5. 3984. 598. 6. 357.85-44788.3 By Donations Received (Schedule - 4) " Cognizant Outreach Scholarships " Interest on Fixed Deposit " Interest on FCRA Account " Interest on 8% GOI Bonds " Interest on SB A/c - 5598 " Marathon Alumni Contribution 857964.53 937855. 64747. 3946. 549.58 65568. 5. 9769. 9769. For Foundation For Excellence India Trust As per report of even date attached Sudha Kidao Managing Trustee Rishikesha T Krishnan Trustee G.S. Prakash Chartered Accountant Place : Bangalore, Date : 6th August, 4-7 -

FOUNDATION FOR EXCELLENCE INDIA TRUST RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 3ST MARCH, 4 R E C E I P T S AMOUNT P A Y M E N T S AMOUNT Rs. Ps. Rs. Ps. To Opening Balance By Scholarship Paid 74655. " Cognizant Outreach Scholarship 937855. - ICICI FCRA A/c 789.59 " Interest & Bank Charges 46.49 - ICICI - 5598 A/c 387599.8 " Office Expenses 83. - Cash on Hand 5999. " Postage & Courier Charges 468. " Printing & Stationery 7769. " Donations Received: " Professional & Consultancy Fees 7746. - FCRA Account 46884846.6 " Legal Expenses 45. - IVFA Donations Received 5. " Audit Fees 44944. - Adopt a Scholar 546.3 " Open House Meeting Expenses 67938. - Scholarship Fund 79533.9 " Marketing & Communication expenses 4. - General Fund 95798.5 " Annual Maint.-Computer & UPS 378. " Corpus Fund Received 75795.3 " Local Conveyance Expenses 6498. " MSDF Grant 8. " Salaries, Bonus, & Conveyance 37593. " Marathon Alumini Contributions 5. " Staff Welfare Expenses 469. " Cognizant Outreach Scholarships 955598. " Telephone Expenses 5. " Travel Expenses 3984. " Interest received on: " Office Rent 6. - Interest on FCRA Account 3946. " Electricity Charges 598. - Government of India Bonds 549.58 " Meeting Expense 746. - Bank Fixed Deposits 64747. " Marathon Expenses 47. - Interest on SB A/c-5598 65568. " CC Av. Annual Software Charges 444.96 " Fixed Deposits Matured " CC Avenue 6. 686. " CC Avenue Service Tax " Computer 986.5 73844.55 " CC Avenue Transaction Fees " Office Equipments 96.54 4833. " Furniture & Fixtures 4943. " Electrical Fittings 7459. 9769.8 For Foundation For Excellence India Trust " Fixed Deposit " Rent Deposit " Tax Deducted at Source " Closing Balance: - Cash on Hand - ICICI FCRA A/c. - ICICI SB A/c.- 5598 767.55. 94. 67. 63894.45 48364.78 9769.8 Sudha Kidao Managing Trustee Rishikesha T Krishnan Trustee Place : Bangalore, Date : 6th August, 4-8 -

FOUNDATION FOR EXCELLENCE INDIA TRUST SCHEDULES FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 3ST MARCH. 4 Schedule - : Fixed Assets Particulars BLOCK - I W.D.V. as on.4.3 Additions before 3.9.3 Additions after..3 as on 3.3.4 Depreciation for the year W.D.V. as on 3.3.4 Rate of Depn. i) COMPUTER 784.9 75865. 654979.55 75799.45 5863.8 499665.64 6% BLOCK - II ii) Electrical Fittings 4558.3 7459.. 9.3.93 9898.39 % iii) Furniture and Fixtures 533. 4943.. 9446. 944.6 748.4 % BLOCK - III iv) Office Equipments 3639. 3. 4933. 8453. 88.5 7374.7 5% 6358.4 35537. 6799.55 5687.97 357.84 9463. FOUNDATION FOR EXCELLENCE INDIA TRUST SCHEDULES FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 3ST MARCH. 4 Particulars Schedule- : Investments GOI Bonds Fixed Deposits : () ICICI BANK LTD No. (73) - 3..3 () ICICI BANK LTD No. (598) -.6.3 Total Schedule-3 : Total Corpus Donations Received Amount Rs 78. 687.55 3. 6487.55 75795.3 Schedule-4 : Donations Received (A) Donation received into FCRA. From Foundation for Excellence Inc. (USA). From Other Donors Total - A (B) Donation received into Non-FCRA Total - (A+B) 46884846.6 537685.4 653. 785543.5 857964.53 Schedule-5 : FFE Scholarships Disbursed From - FCRA Account From - Non -FCRA Account 5735. 9. 74655. - 9 -

FOUNDATION FOR EXCELLENCE INDIA TRUST SCHEDULE-6 : NOTES FORMING PART OF ACCOUNTS FOR THE YEAR ENDED 3ST MARCH, 4. ) The Trust has been registered under Foreign Contribution (Regulation) Act, 976 vide Registration Number 944348. ) The Trust has opened an FCRA Bank Account and all the foreign remittances are credited to this account. 3) During the Financial Year 3-4, the Trust has received Donations amounting to Rs.6,83,93,4/- into FCRA Account comprising of Rs.4,68,84,846/- from FFE Inc. USA. The Trust also received Donations amounting to Rs.,9,44,75/- into the Non-FCRA Account. 4) During the Financial Year 3-4,the total amount disbursed as Scholarships was Rs.7,46,55,/- comprising of Rs.5,7,35,/- from the FCRA Account, and Rs.,9,,/- from the Non-FCRA account, 5) Remuneration to staff and reimbursement of Cost of Travel to Board Members/Trustees is attached as Annexure- A. 6) Depreciation is calculated as per rates prescribed by Income-Tax Rules 7) It is the policy of the Assesse to prepare his Financial Statements on cash receipts and disbursements basis. On this basis, revenue and related assets are recognized when received rather than when earned and expenses are recognized when paid rather than when the obligation is incurred. 8) The Assesse does not have any liability towards Gratuity. 9) The Fixed Assets are disclosed at actual cost less depreciation. ) Since the Assesse follows Cash System of accounting, revenue is recognized on receipt of income. For Foundation For Excellence India Trust As per report of even date attached Sudha Kidao Managing Trustee Rishikesha T Krishnan Trustee G.S. Prakash Chartered Accountant Place : Bangalore, Date : 6th August, 4 - -

ANNEXURE A TO THE NOTES OF ACCOUNTS Staff remuneration [Gross yearly + benefits] in Rupees The salary and benefits of the NGO Head, the highest paid staff member and the lowest paid staff member in the financial year 3-4 Head of the organisation: (including honorarium) Nil Highest paid Full Time regular staff: Lowest paid Full Time regular staff: Rs.6,36,387/- per year Rs.8,6/- per year Distribution of staff according to salary levels and gender break up Slab of gross salary (in Rs) plus benefits paid to staff (per month) Less than 5 5,,, 5, 5, 5, 5,,, Greater than,, Male staff Female staff 5 5 Total staff 5 5 Remuneration and reimbursements to Board members No. 3 4 Name Sudha Kidao Smita V Uttarwar Rishikesha T Krishnan Venktesh Shukla Position on the Board Managing Trustee Trustee Trustee Trustee Gross Remuneration Per Annum (Rs.) NIL NIL NIL NIL Date when this board member was first appointed on the board 5 Sept July 3 July 9 July 9 Amount reimbursed (in Rs.) to All Board members in the financial year 3-4 for the following items: 3 4 International Travel Domestic Travel Local Conveyance Entertainment Expenses Rs.,5,3/- Rs.,57,53/- Nil Nil Total Cost of International Travel by Board Members/Staff/Volunteers on behalf of organisation for 3-4: Rs.,5,3/- Total Cost of National Travel by Board Members/Staff/Volunteers on behalf of organisation for 3-4: Rs.3,9,84/- - -

ANNEXURE - FOUNDATION FOR EXCELLENCE INDIA TRUST SCHOLARSHIP PROGRAM STATISTICS BY ACADEMIC YEARS (AY) SCHOLARSHIPS AY - - AY - - AY - -3 No. Amount No. Amount No. Amount BY TYPE / GENDER First Time Scholarships Female Students Male Students 47 97 373,9,9,959,7,965 87,83,994 533 4 49,5,98,78 9,3,95 96,66,88 477 3 346,3,56,58 36,7,587 95,38,57 AY - 3-4 No.,69 8 96 Amount 3,39,85, 6,5,,78,7, Renewal Scholarships Female Students Male Students Female Students Male Students 676 7 56,46 67 879,48,86,77 38,,63,,75,4,58,78,36 6,9,8,98,59,8,53 7 88,686 396 9,6,94,547 63,5,65,98,89,8 3,87,93,37 9,37,7,95,56,,447 34 5,94 473 45 3,4,4,5 77,48,994,46,65,57 4,55,7,49,3,66,58 3,4,3,88,46 364,96,69 57,57 4,6,7,,,4, 3,5,3, 7,46,55,,6,55, 5,84,, BY COURSE / YEAR OF STUDY Engineering/Technology First year Second or subsequent year of study 9 45 459,4,9,63,6,96,77,7,93,456,46 46 955 3,3,3,8,,46,59,9,83,49,576 38,96 3,8,6,3,8,4,97,7,64,934,85,7,68 6,,,,95,65, 3,5,45, Medical (MBBS) First year Second or subsequent year of study 86 6 4,43,73 8,7,859,5,864 64 83 8 56,59,46 8,4,79 38,44,456 347 96 5 74,45,778,74,96 5,7,87 44 5 9,4,55, 43,6, 8,95, Other Degree / Professional Courses First year Second or subsequent year of study 3,46 3,44,35 5, 3,9,35,58,78,36 6 6,686,4,,4, 3,87,93,37,94 8,5 8,5 4,55,7,49 3,69 9, 6, 3, 7,46,55, BY STATES Andhra Pradesh Assam Bihar Chattisgarh Delhi Goa Gujarat Haryana Jammu & Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Odisha Puducherry Punjab Rajasthan Tamil Nadu Uttarakhand Uttar Pradesh West Bengal 45 4 8 7 64 5 8 7 3 96 43 6 49 3 38 73 9,85,396 9,7,89,49,75, 5, 47,5 7,7,6,5,,9,855 5,33,49,69,856 7,56,7,66,444,7,9 59,,56 3,57,5, 35,,455 5,5, 9,34,88 5,85,594 - - 5 6 3 3 7 6 7 3 33 5 4 34 7 73 36 6 9,7,85,7,4,33,898 3,7,58 6,5,6,5 39,78,546,6,5 47,5,83,59 75,35,59 4,6,67,7,36 33,3,5 4,48,3 77,37,36 5,,75, 64,96,64 8,96,483 5,5, 5,3,94 64 7 3 8 4 3 47 7 4 34 6 5 65 3 355 3 8 38 46 6 9 4,83,495 494 35656 4,7,3 9,5,88,8 45,86,4,85, 97,5,78,6 84,95,5 5,95,4,3,57 4,98,4 7,33,5 86,5,5 8,,5, 77,77,555,,4 5,64,4 3,75,943 8 8 68 35 8 353 9 34 463 39 63 75 5 344 9 5 44 6 8 99 34,45,,5,,3,,35, 3,, 4,9, 88,, 3,,,7, 9,95,,33,97,5 9,85, 8,5, 5,5, 4,6, 98,4, 3,,7, 4,5,,5,4,5 7,77,5 3,4, 58,5,5,46,58,78,36,686 3,87,93,37,94 4,55,7,49,69 7,46,55,

Board of Trustees, Management and Administration Board of Trustees Venktesh Shukla Rishikesha T. Krishnan Smita V. Uttarwar Sudha Kidao (Managing Trustee) Management and Administration Sudha Kidao Managing Trustee R S Sastri Operations Director Contact Information In India Foundation For Excellence India Trust No. 84, MHT House st th Floor, 5 Main st Indiranagar Stage Bengaluru - 56 38 Phone: (9) (8) 5 95 R S Sastri Operations Director shekharsastri@ffe.org In USA Foundation For Excellence Inc. 7 Oakmead Parkway, Suite Sunnyvale CA 9585 Phone: (48) 985 Kohinoor Chakravarty Development Director kohinoor@ffe.org Scholarship Program: scholarships@ffe.org Alumni Relations: adr@ffe.org Email Inquiries www.ffe.org/ffeindia sa.ffe.org - 3 -

FOUNDATION FOR EXCELLENCE INDIA TRUST st th st No. 84, MHT House, Floor, 5 Main, Indiranagar Stage, Bengaluru - 56 38 Phone: (9) (8) 5 95 www.ffe.org/ffeindia