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The Gospel Of Wealth


I quote from the Gospel of Wealth published twenty-five years ago. This then is held to be the duty of the man of wealth. First: to set an example of modest, unostentatious living, shunning display; to provide moderately for the legitimate wants of those dependent upon him, and after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is strictly bound as a matter of duty, to administer in the manner which in his judgment is best calculated to produce the most beneficial results for the community.

The man of wealth must become a trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer. Those who would administer wisely must indeed be wise. For one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown into the sea than so spent as to encourage the slothful, the drunken, the unworthy.

In bestowing charity, the main consideration should be to help those who help themselves. It provides part of the m Read more of this post

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Oprah On Giving


wealthymattersMy mission is to use this position, power, and money to create opportunities for other people.-Oprah Winfrey

SP Hinduja On Giving


You work to earn, and earn to give. But I don’t believe in donating for charity sake. Always link philanthropy to economic growth.-SP Hinduja

An Insight


wealthymatters Read more of this post

NGO Stats


wealthymatters

Although there’s no centralised database on the number of NGOs in India, unofficial figures indicate that there are over 20 lakh NGOs registered under various Societies’ Registration Acts, Trust Act, etc.

The general policy of the government of India is not to encourage soliciting of foreign contribution. However, if funds are intended for bona fide welfare activities, foreign contribution can be received by NGOs by obtaining registration or prior permission from the central government. NGOs in the country have to register with the government for receiving foreign contributions as per the Foreign Contribution Regulation Act (FCRA).The total number of NGOs registered under FCRA is 43,527 .

Nearly half of the registered NGOs under FCRA – over 19,000 out of the 43,527 – do not file annual returns with the government  containing details of foreign receipts and utilisation. Read more of this post

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