Are Donations to Genesis Foundation Eligible for 80G Tax Benefits?

In India, under Section 80G of the Indian Income Tax Act, 1961, you can claim tax deductions and reduce your overall taxable income by donating to a registered NGO. Choosing the right NGO to donate to, to get benefits of 80G tax exemption in India is an important decision. We at Genesis Foundation fund life-saving surgeries, connect families to top hospitals, and give children a shot at life.

 

What is more, we are fully registered under Sections 12A and 80G, which means your charitable donations are eligible for 50% tax exemption.

Genesis Foundation: Best NGO in Gurugram

Genesis Foundation, an NGO in Gurugram, Haryana provides financial assistance for life-saving heart treatments to underprivileged children diagnosed with congenital heart defects (CHDs). Donations to Genesis Foundation are eligible for 80G tax benefits. You can donate to our cause and become eligible for a 50% tax deduction under Section 80G of the Income Tax Act. You will receive a soft copy of the 80G donation receipt, which can be submitted while filing your ITR to avail the tax benefit.

Important Points to Note

• Any individual, partnership firm, HUF, company and any other type of taxpayer can claim deduction under Section 80G when donating to Genesis Foundation.
• You can claim up to 50% or 100% of the donated amount, depending on the organization they are donating to. When you donate to us, you become eligible for 50% tax deduction.
• Only donations made to registered NGOs and charitable institutions qualify for deductions. We are registered under Sections 12A and 80G to provide tax deductions.
• To claim tax benefits, you should have a receipt of the donation made and NGO’s registration details. For example, at Genesis Foundation, an NGO in Haryana, donors get an 80G donation receipt.
• You must have your PAN card.
• The donation must be made via bank transfer, cheque, or digital payment. You can check our website and click on ‘Donate Now’ button to see modes through which you can donate to us.
• The donations made must be monetary. In-kind donations do not qualify for tax exemptions. It is important to note that cash donation above Rs. 2000 do not qualify for tax deductions.

How to Donate to Genesis Foundation to Avail 80G Tax Benefits?

Here are some ways you can donate and make a difference—for children and for yourself:

Individual Donations

At the Foundation, 100 % donations received from individuals are used towards the treatment of children with no allocation made towards administrative expenses. You can donate via digital wallets, net banking, bank transfers, payment through cheques etc. Click on this link to donate and make a difference today!

CSR Donations

Through CSR partnerships, companies not only fulfil their corporate social responsibility but also bring hope to families struggling with medical costs. At Genesis Foundation, all our CSR donors receive clear and transparent allocation reports detailing the child they have supported. These reports include the child’s medical condition, treatment details, and the impact of the donation. Donors can also meet the children supported by them at our partner hospitals.

 

Power of 100+

Power of 100+ is a payroll-giving initiative that enables employees of a company to voluntarily contribute Rs. 100 (or more) from their monthly salary to Genesis Foundation. This initiative shows that no matter how little or a lot, your contributions have the potential to transform lives, in this case- save little hearts.

Giving Made Easy

A monthly giving program, this initiative allows you to contribute a specific amount every month towards heart treatment of the children. The money is automatically debited from your account and donated to the Foundation every month for a tenure of your choice. As a monthly donor you can support our cause hassle-free, with the assurance that your funds are being utilised effectively. All transactions take place on a secure server through your respective bank, and you can cancel the donation anytime you wish to.

Become our Institutional Donor

You can also provide support to us in the form of corporate charity donations, where companies and institutions join us to save the lives of lesser privileged children born with CHD.

To Sum Up

Making an 80G donation to NGO in India is a rewarding experience that benefits both society and your financial well-being. By supporting NGOs like Genesis Foundation, you can save the money you spend on tax while at the same time support a cause that makes an impact on the life of an individual. Join us in our mission and vision of saving little hearts. Call +91 96506 03438 or email contactus@genesis-foundation.net to get more information.