India is home to the highest number of NGOs in the world with more than 33 lakh (3.3 million) nonprofits registered in the country. While only 13,000 NGOs in India are allowed to raise funds from foreign donors in compliance with current regulations, Indian nonprofits have historically raised more than Rs 8,500 crores (US$1.3bn) annually from international donors. It is estimated that a significant portion of international donation is led by Indian diaspora, which is the largest diaspora population in the world. According to Ministry of External Affairs, Govt. of India, there are more than 3 crore (30 million) NRIs / PIOs living outside India with more than 60 lakh (6 million) residing in the US and UK.
Incentives for your local and International Donor Networks: Tax incentives are often considered to be a crucial factor in encouraging philanthropy. By offering tax benefits to US and UK donors for cross-border giving into India, this partnership will help Indian NGOs and social enterprises attract more philanthropic capital to scale their existing programs.
Impact Guru’s and GlobalGiving’s Training + Support: By being a part of this partnership, organizations will also have access to full range of benefits like special matching and bonus days, online training academies, and GlobalGiving’s donor and donation management system.
Access to Impact Guru’s one-on-one account management: Once an organization’s fundraiser is posted on Impact Guru, our relationship manager will walk organizations through the entire process of posting a fundraiser, reaching out to donors, and running a fundraising fundraiser.
This partnership is particularly transformational for the social sector because more than 50% of funds raised online by nonprofits on Impact Guru are sourced from international donors. According to a research report by The Bridgespan Group, if the charitable contributions of Indian diaspora in US were consistent with those of other American households in similar income brackets, and they directed 40% of their philanthropy to India, $1.2 billion additional funds could flow from such donors towards Indian social causes per year.