CSR funds for Libraries for poor children in India
By Ramamohan Rao Kakani - Secretary, BREAD Society
Trent Ltd., Mumbai, a TATA Group Company has donated Rs. 400,000 on 30th March 2019 as part of their Star & Diya 2019 project to set up 10 new BREAD Children's Libraries after due diligence. This is the first time that a TATA enterprise has made a donation to BREAD Society. We are now in the process of setting up the libraries and we hope to complete this well before the scheduled time of four months in which time we are expected to complete it.
Ms. Nandini Piramal has donated Rs.600,000 to set up 24 libraries. This donation was also received on 30th March 2019 through GiveIndia with which BREAD Society is listed.
GiveIndia has also donated through several individual donors, numbering 351, a sum of Rs. 798,660 on 25th March 2019 for establishing 28 BREAD Libraries.
We hope to utilize the entire donation of about Rs.18 lakh within three months from now and establish 62 libraries. GiveIndia stipulates that donations received through it should be fully utilized within three months. GiveIndia makes no provision for Corpus fund donations. So, it becomes imperative for BREAD Society to find resources for adding new books and give prizes to student in respect of BREAD libraries set up with donations received through GiveIndia. This is where GlobalGiving Foundation comes to the aid of BREAD Society with campaigns like "Little by Little".
We hope t0 receive enough donations through Little by Little campaign to be able to fulfill our promise to schools to add new books and give prizes for write-ups on books soon after the schools reopen starting in mid-June and completing the work of giving additional books by the end of July 2019 to 1,159 existing BREAD library schools. We have our hands full with work in the coming three to four months and our volunteers will do it joyfully.
BREAD Society has not engaged a single employee in its 30 years of existence.
Mar 15, 2019
Libraries for poor children in India
By Ramamohan Rao Kakani - Secretary, BREAD Society and Project Leader
BREAD Society has set up 1,159 children's libraries in the last ten years, 135 of them during the current financial year (April 2018 to March 2019). We have set up a library with Rs. 40,000 in January 2019 at ZPHS, Masapet in Rayachoti Mandal of Kadapa district with donations received from GlobalGiving Foundation. We have invested the balance amount of donation from GGF, Rs.28,000 as Corpus for replenishing books.
Government of Andhra Pradesh has issued orders to Regional Directors of Education and District Education officers asking them to follow the systems and processes evolved by BREAD Society in operating BREAD Children's Libraries. This means that from now on responsible students (Voluntary Student Librarians, VSLs) selected by class teachers will operate the libraries and lend books to other students to take home, read and return. It is hoped that this will result in optimal usage of library books.
BREAD Society is taking an active part in the Little by Little campaign and it hopes to receive 60% matching grants subject to its status remaining as Super Star for which chances are very bright and subject to matching grants being available.
Dec 31, 2018
Libraries for poor children in India
By Ramamohan Rao Kakani - Project Leader
5th REPORT to GLOBALGIVING FOUNDATION: PROJECT ID #: 19863 – 28th December 2018
A sum of Rs. 68,198.73 has been credited to BREAD Society’s FCRA Bank Account on 27th December 2018. This is in respect of $ 1,006.50 contributed through GlobalGiving Foundation as communicated on 21st Dec. 2018. We will be setting up a library with Rs. 40,000 in the month of January 2019 at ZPHS, Masapet in Rayachoti Mandal of Kadapa district. We will invest Rs.28,000 as Corpus for replenishing books. Interest received on the total corpus of RS. 88,000 will be utilized for replenishing new books to existing BREAD libraries every year.
Interest on these two amounts will be worked out at 6.5% per annum till July 1st 2019 (for 9 months on Rs. 60,000 and 6 months on Rs. 28,000) and the actual amount of interest works out to Rs. 3835. We will utilize this amount to gift books to existing libraries in 2019.
From July 2019 interest will be worked out on annual basis at the then prevailing rate of interest. And new books will be gifted to existing libraries from 2020 on.