About IOD Foundation
Charity and philanthropy have formed the core of every society across the globe. The Indian scenario is no different. But what had started with the giving away of aims, establishment of inns for travelers or even arrangements of drinking water on highways, has outgrown into something much more homogenous. The formation of foundations, trusts, societies, and company’s not-for-profit go a long way, in justifying the above statement.
It is more than imperative that each ‘IOD Foundation’ abides by principles of good governance in true letter and spirit. It is a vehicle for undertaking activities of charitable and philanthropic nature, which seek to promote the goals of inclusive growth and development in the economies globally.
IOD Foundation acts as a support system by taking care of, serving and addressing certain pressing issues in the economy. Protection of Children Rights, Women Empowerment, Senior Citizens, enabling persons with disabilities, promoting education, Health, Natural Resource Management, supporting development of agriculture, promoting art and craft, preserving the cultural heritage, etc. are just an indication of the vast variety of areas in which it can work to bring about a difference in the society.
Since ‘IOD Foundation’ relies on money from various sources, including individual donors, foundations, corporations, and governments, it is it’s utmost responsibility to ensure highest standards of good governance in managing and carrying out it’s affairs. Though the Code that follows does not attempt to enlist all applicable legal requirements for charitable entities, yet it is intended at prescribing a set of principles and standards which are to be adopted by ‘IOD Foundation’ on a voluntary basis to ensure enhanced levels of transparency and good governance in its functioning.
IOD Foundation may take necessary steps to provide for an online platform to encourage and promote e-filling of forms and disclosures for greater transparency.
‘IOD Foundation’ has been setup to support the cause of upliftment of the segments of the society which have not been able to participate and contribute in the growth of the economy. The ultimate goal of IOD Foundation needs to be provided with a strong foundation, which is stabilized with principles.