Charity

Mother Teresa's death anniversary is observed as the International Day of Charity. She was awarded the Nobel Peace Prize in 1979 for her work in mitigating poverty, suffering and fostering harmony

A charity working with homeless people in Auckland, New Zealand unknowingly distributed candies filled with a potentially lethal dose of methamphetamine in its food parcels after the sweets were donated by a member of the public. Auckland City Mission told reporters on Wednesday that staff had started to contact up to 400 people to track down parcels that could contain the sweets -- which were solid blocks of methamphetamine enclosed in candy wrappers. New Zealand's police have opened a criminal investigation. The amount of methamphetamine in each candy was up to 300 times the level someone would usually take and could be lethal, according to the New Zealand Drug Foundation -- a drug checking and policy organisation, which first tested the candies. Ben Birks Ang, a Foundation spokesperson, said disguising drugs as innocuous goods was a common cross-border smuggling technique and more of the candies might have been distributed throughout New Zealand. The sweets had a high street val

This give-and-hold strategy has left the couple with a pool of assets to support charitable endeavors that now ranks among the 20 largest private foundations in the US

Melinda French Gates says she will be donating USD 1 billion over the next two years to individuals and organisations working on behalf of women and families globally, including on reproductive rights in the United States. It's the second billion-dollar commitment French Gates has personally made in the past five years. In 2019, she pledged over ten years to expand women's power and influence. Earlier this month, French Gates announced she would step down from the Bill and Melinda Gates Foundation, and vowed to focus on women and families. As a part of leaving the Gates Foundation, French Gates received USD 12 billion from Bill Gates for her philanthropy going forward. French Gates, one of the biggest philanthropic supporters of gender equity in the US, said on Tuesday in a guest essay for The New York Times that she's been frustrated over the years by people who say it's not the right time to talk about gender equality. "Decades of research on economics, well-being and governance

Jr NTR donated Rs 12.5 lakh to a Sri Bhadrakali Sametha Veerabhadra Swamy Temple based in Cheyyeru, Andhra Pradesh

Form 10A is an application form filed by trusts/institutions who wish to get themselves registered for income tax exemption. Form 10 AB is filed to renew their permanent registration

The income tax department on Thursday extended the deadline for charitable and religious trusts to furnish registration application with tax authorities till June 30. The Central Board of Direct Taxes (CBDT) had earlier extended the due date for filing Form 10A, Form 10AB by trusts, institutions and funds multiple times and the last such extension was till September 30, 2023. "Considering the representations received by CBDT requesting for further extension of due date for filing of such forms beyond the last extended date of September 30, 2023, and with a view to avoid genuine hardships to taxpayers, CBDT has extended the due date of filing Form 10A/Form 10AB up to June 30, 2024," the CBDT said in a statement. Form 10A is an application form filed by trusts/institutions who wish to get themselves registered for income tax exemption. Form 10 AB is filed by trusts/institutions to renew their permanent registration. CBDT further clarified that if any such existing trust, institution

Since 2020, he has seeded his charity with tax-deductible donations of stock worth more than $7 billion at the time, making it one of the largest in the Unites States

Helping charitable institutions recognised by the government, scientific institutions and even political parties can earn deductions

The charity doles out more than $1 billion in grants annually, including over $100 million in Africa

The CAG, in a 2022 report, estimated the loss of potential revenue from charitable bodies at Rs 18,800 crore between the assessment years 2014-15 and 2017-18

Investor Warren Buffett has donated Berkshire Hathaway stock worth USD 27 million to an unnamed charity. Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities and Exchange Commission late Wednesday. This donation is in addition to Buffett's annual gifts to the Bill & Melinda Gates Foundation and four smaller foundations run by his family that he has been making since 2006. Buffett has said that more than 99% of his nearly USD 118 billion fortune will eventually go to charity, and he has gradually been giving it away over time. He has given those five foundations stock worth roughly USD 50 billion over the years. Buffett didn't identify the charity that received his latest donation this week. Even after this latest donation, Buffett still holds 218,237 Class A shares of Berkshire stock, which are the most expensive shares on the market. Thursday morning, the shares were up USD 2.183 to sell for USD 539,680 apiece. Berkshire does have a .

Asci said that there have been some concerns about ads for charitable causes that create donor distress through the use of images that may be too graphic

The income tax department has tweaked disclosure norms for charitable institutions claiming I-T exemption by seeking additional details. As per amendments to the Income Tax Rules, which will come into effect from October 1, charitable institutions will have to now disclose whether the activities undertaken by them are charitable, religious or religious cum charitable. The amendment also includes a declaration under which the charitable institution will have to give details of donations received from a person in excess of Rs 2 lakh in a single day. The details to be furnished include the name of the payer, address, amount of payment and PAN (if available). Nangia Andersen LLP Partner Vishwas Panjiar said the government had recently revamped the registration requirement applicable for charitable organisations for claiming tax exemption or obtaining an 80G certificate under the Act. "The government have now made consequential amendments in the Income-tax Rules (Rule 2C, 11AA and 17A)

Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall

In his thirties, the Zerodha co-founder has pledged to give away half his wealth

Every year, a number of wealthy individuals across the globe pledge to donate to charitable causes, including climate change, education, and healthcare

The co-founder of Zerodha, Nikhil Kamath (35), is the fourth Indian to join the community after Azim Premji, Kiran Mazumdar-Shaw, Rohini, and Nandan Nilekani

Amazon on Thursday announced that it will shut down its charity donation programme, "AmazonSmile", as it failed to create the impact the company hoped for

Asserting the purpose of charity should not be conversion, the Supreme Court reaffirmed on Monday that forced religious conversion is a "serious issue" and against the Constitution. The court was hearing a plea filed by advocate Ashwini Kumar Upadhyay seeking direction to the Centre and states to take stringent steps to control fraudulent religious conversion by "intimidation, threatening, deceivingly luring through gifts and monetary benefits". The Centre told the court it is collecting information from states on religious conversion through such means. Appearing before a bench of Justices M R Shah and C T Ravikumar, Solicitor General Tushar Mehta sought time to furnish detailed information on the issue. Mehta sought a week's time from the court which it granted. "The purpose of charity should not be conversion. Allurement is dangerous," the top court said, and acknowledged that forced religious conversion is a very serious matter. When a lawyer questioned the maintainability of