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We at Lovedale, take seriously our role as fiscal stewards of the donations entrusted to us by our members, stake holders and various agencies. Each gift helps transform the lives of community we work closely with.We try to keep our overhead rate low and work to maximize the use of our funding. You can find the summary of how we expend funds in the audit reports in following pages.
Lovedale currently extends support to about a lakh of children through various initiatives including free schools,whole school development,environment,women and youth. The financial philosophy of Lovedale has been driven by three basic parameters –
However, with the growing number of recipients of our programs, it is imperative for us to hire professionals who are subject matter specialists in their respective fields. These individuals also help us grow as an organization with their well-defined and meticulous inputs. Though hiring motivated experts certainly adds up to the administrative costs incurred by us, we do believe in maintaining the quality of our programs. However, as most donors look for low-administrative costs; it becomes a challenge for us to cater to both sides – excellence and expenditure.
The members of the Trust contribute 20% of the annual budget towards the administrative expenses; hence, 100% the sponsorship directly help a child/youth for their academics/ training, food, health care and other maintenance. We work on simple campaigns and affordable donation modes to reach to every individual who wishes to make lasting difference.
Though ad hoc donations do not completely suffice all the running costs of the project. We try to minimize the administration costs.There is a touch of austerity in all our expenses.Our program funding is solely raised from individuals, corporate CSR and international grant agencies. You may visit our Programs Section to get more information of our funding partners.Our upto date financials are available for your reference on this website.