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Charity

International Day of Charity 2024: History, Significance, and top 10 Quotes

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

International Day of Charity 2024: History, Significance, and top 10 Quotes
Updated On : 05 Sep 2024 | 11:49 AM IST

NZ food bank distributes candy with lethal amount of methamphetamine

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

NZ food bank distributes candy with lethal amount of methamphetamine
Updated On : 14 Aug 2024 | 9:50 AM IST

Nvidia CEO Huang has billions at foundation where he logs 1-hour weeks

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

Nvidia CEO Huang has billions at foundation where he logs 1-hour weeks
Updated On : 27 Jun 2024 | 9:54 PM IST

Melinda Gates to donate $1 billion over next 2 years for women's rights

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

Melinda Gates to donate $1 billion over next 2 years for women's rights
Updated On : 29 May 2024 | 8:21 AM IST

Jr NTR donates Rs 12.5 lakh to Andhra temple; here's all you need to know

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

Jr NTR donates Rs 12.5 lakh to Andhra temple; here's all you need to know
Updated On : 16 May 2024 | 5:49 PM IST

Relief for NGOs, trusts: June 30 is new deadline for registration, renewal

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

Relief for NGOs, trusts: June 30 is new deadline for registration, renewal
Updated On : 26 Apr 2024 | 9:20 AM IST

Tax dept extends deadline for charitable trusts' registration till June 30

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

Tax dept extends deadline for charitable trusts' registration till June 30
Updated On : 25 Apr 2024 | 10:37 PM IST

Elon Musk has a giant charity, but its money stays close to home

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

Elon Musk has a giant charity, but its money stays close to home
Updated On : 10 Mar 2024 | 11:37 PM IST

Donate for a good cause, get tax benefit: Here is how to do that

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

Donate for a good cause, get tax benefit: Here is how to do that
Updated On : 28 Jan 2024 | 11:14 PM IST

George Soros closes offices across $25 billion philanthropy empire

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

George Soros closes offices across $25 billion philanthropy empire
Updated On : 13 Oct 2023 | 12:06 AM IST

How and why the revenue dept is tightening its grip on charitable bodies

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

How and why the revenue dept is tightening its grip on charitable bodies
Updated On : 21 Aug 2023 | 11:11 PM IST

Buffett gives $27 mn in Berkshire Hathaway stock to an unnamed charity

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 .

Buffett gives $27 mn in Berkshire Hathaway stock to an unnamed charity
Updated On : 18 Aug 2023 | 8:20 AM IST

Honest, not causing grave harm: Asci releases guidelines on ads for charity

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

Honest, not causing grave harm: Asci releases guidelines on ads for charity
Updated On : 20 Jul 2023 | 12:09 PM IST

I-T dept tweaks exemption norms for charitable institutions, seeks details

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)

I-T dept tweaks exemption norms for charitable institutions, seeks details
Updated On : 26 Jun 2023 | 7:48 PM IST

Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn

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

Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn
Updated On : 22 Jun 2023 | 11:33 PM IST

Zerodha's Nikhil Kamath becomes 4th Indian to join 'The Giving Pledge'

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

Zerodha's Nikhil Kamath becomes 4th Indian to join 'The Giving Pledge'
Updated On : 08 Jun 2023 | 8:41 AM IST

Zerodha cofounder Nikhil Kamath to donate 50% of his wealth to charity

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

Zerodha cofounder Nikhil Kamath to donate 50% of his wealth to charity
Updated On : 06 Jun 2023 | 11:56 PM IST

Zerodha's Nikhil Kamath becomes youngest Indian to join 'The Giving Pledge'

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

Zerodha's Nikhil Kamath becomes youngest Indian to join 'The Giving Pledge'
Updated On : 06 Jun 2023 | 3:21 PM IST

Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose

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

Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose
Updated On : 19 Jan 2023 | 4:12 PM IST

Purpose of charity should not be religious conversion, observes SC

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

Purpose of charity should not be religious conversion, observes SC
Updated On : 05 Dec 2022 | 7:20 PM IST