Tomorrow’s Foundation Update and Proposal to increase support --- Harsha Kudoor May 14, 2014.

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Presentation transcript:

Tomorrow’s Foundation Update and Proposal to increase support --- Harsha Kudoor May 14, 2014

Tomorrow’s Foundation Based in West Bengal Education Support, Vocational Training, Psychological Assistance, Hostel facilities for under-privileged children in high risk areas. ( More than 1200 students have graduated and close to 9000 kids have received help since inception in 1991

TF Stars Joint SAC Program between ASHA and TF The funds are utilized for the Mother Project and Sponsorship Project Focused on the children in Kalighat area, Kolkata’s red-light district. Supports 50 students as of today Last disbursement : Feb 2014 ($6753) Funding from ASHA SV since 2006 : $118,375

2014 – 2015 Budget For the currently supported 50 students (22 secondary and 28 higher level students) the budget comes up to Rs. 8,49,772 ( $14,101) 50 ASV Students' update ( ).xls Notable costs are for remedial coaching to improve academic performance and cost of following up with the students. ASV BUDGET xls They have requested a release of funds in the first week of June (They work on a Jan-Dec Schedule and the costs for the past 3.5 months has had their funds running thin at this point)

Request for more support We received a request from TF to provide for the support of more children this time. They would like ASHA to support an additional 50 children ( Their original request in 2013 was for 123 children) Cost per child as per budget is ~ $282. Based on how much additional funds ASHA is willing to release, they will provide us an updated budget.

Why fund them? TF is a well organized effort with a proven ability to affect the lives of these children for the better over the past 23 years We have had a good working relationship with them with prompt, transparent and sincere communication for the past 8 years. The mother project has had remarkable success – 87% of the students in this program passed the annual exam in – Retention rate of students was up to 96% They are working towards increasing parent participation which is in line with ASHA’s view of an NGO eventually having a self sustaining formula.

Polls Required To approve budget To support more children. How many?

Thank You