Crowdfunding for Society registration

As part of preparations for Global Alumni Meet, we have arrived at one very important milestone — Formal registration of Bangalore Alumni Chapter as a Registered Society. In terms of maturity of a chapter, for us at Bangalore, it is a significant step because we will be the second such chapter to get registered at Delhi NCR Chapter.

A registered chapter gives you the flexibility to have a bank account for the chapter, raise funds for alumni welfare activities, receive sponsorship for alumni events etc. This also means there will be a dedicated board of members who will oversee the activities of the chapter. So from a lose group of volunteers, we graduate to dedicated office bearers who can be changed by rotation, thus enabling more and more alums to contribute efforts towards community management.

As per the best estimate received from a CA for society registration, it will cost Rs. 11,000 towards professional fee and stamp duty charges. In a true sense of an alumni-driven initiative, we are looking forward to crowd-source the funds for registration cost of Rs. 11,000.

Alums can pool any amount they wish to donate towards this fund. Anyone interested to donate can message Anuj Jindal (2K1 batch, Bangalore Chapter) on 9036003110 and commit an amount. Anuj will track the commitments till the pool reaches 11000. After that, we will stop taking donation requests.

Anuj will then coordinate with these alums and share the bank account in which they can transfer the amount.

This activity has to be completed by Sunday 30th July so that we can proceed with registration in the subsequent week.

FAQ

Q. How much can I donate?

A. Any amount you can afford. There is no upper or lower bar. But the campaign will run till we raise commitments totaling 11000.

Q. Can I still donate if the total matches 11000?

A. We appreciate your enthusiasm. It is your chapter and there will be many more opportunities for you to contribute. We prefer to raise funds against a target.

Q. What advantage do I get by donating?

A. We’ll recognize you as a donor for this alumni cause on social channels of Bangalore Chapter.

Q. By when should I transfer funds after sending my commitment?

A. By Sunday, the funds have to be collected so that we can move to the next step.

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