Deliberate to help the needy and deserving candidates

Receipt of contribution

The donors are not expected to part with their committed money from their account. They would block the funds they have committed in their Bank accounts only and as and when they get the recommendations from the shaping future committee: the donors would pay the amount. It is only commitment we are seeking.

Where to make the payment

The beneficiaries are not expected to get any money in their hands. The donors would make the payment directly to the institute concerned. For instance, if one student wants its fee to be deposited to the Institute of Chartered Accountants then in such case, the payment of fee would be made directly to ICAI by the donor.

No Money Transactions with shaping future & beneficiary

In this mission, the group of people pursuing this mission. Shaping Future will have nothing to do with the money of the donors hence there are no chances of any manipulation or misuse of the money committed by the donors. The beneficiary will not have any money in his hands hence chances of any misuse are ruled out:

The donor would be well aware of the use of donated money, hence ‘Shaping Future’ does not have to present any statement of accounts to the donors.

Balance forward

If the donor has committed say Rs. 500000/- and the money donated is just Rs. 100000/- in such case the remaining amount of Rs. 400000/- would spill over to next calendar year.

No Statutory Compliances

Since Shaping Future is an informal group and there would not be any financial transactions hence, we will not be required to maintain any books of accounts and no statutory compliances have to be made.