Building Corpus Fund for a Charitable Trust
This query is : Resolved
03 February 2025
I run a Charitable Trust. I want to build Corpus Fund.
One way is to get "Corpus Fund Donations" from Donors, with specific instructions to treat it as a Corpus Donation.
My Question is: Can I also add the 15%of the Trust's annual income to the Corpus, after spending 85% of the annual donations for charitable purposes?
Thanks. Balamitra Foundation.
One way is to get "Corpus Fund Donations" from Donors, with specific instructions to treat it as a Corpus Donation.
My Question is: Can I also add the 15%of the Trust's annual income to the Corpus, after spending 85% of the annual donations for charitable purposes?
Thanks. Balamitra Foundation.
Nikhil Kaushik
(Expert)
04 February 2025
Dear Raju.
Why would you even want to do that? the funds over and above 85% are a free float fund and can be accumulated just like corpus and that you can use in any manner that you want to for the objectives of the trust.
Happy to understand more about your objectives here and see how I can help you. Please DM me or reach me out at canikhilkaushik@gmail.com
Why would you even want to do that? the funds over and above 85% are a free float fund and can be accumulated just like corpus and that you can use in any manner that you want to for the objectives of the trust.
Happy to understand more about your objectives here and see how I can help you. Please DM me or reach me out at canikhilkaushik@gmail.com
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