Report Company
The i-Care Foundation
The i-Care Foundation (iCF) is a not for profit organization that solicits funds from donors, who may/may not give advise as to which charitable organizations the funds should be channeled to. It acts as trusted channel for these funds to reach the charitable organizations. It also monitors and evaluates the performance of these charitable organizations and helps them to improve their working. It reports back to the donors as to how their donation was utilized. The Foundation focuses in the areas of Education, Health and Entrepreneurship/Jobs.
The i-Care Foundation (iCF) is first Pakistan focused donor-advised charitable fund (DAF). This is a way of giving charity in which the donor, an organization, family, or individual, gives their donation to the DAF, for onward transmission to the charitable organization of the donors choice. The iCF offers the opportunity for a hassle free, low cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience as iCF does the due diligence and all management aspects for them, enjoy cost savings and obtain tax advantages by conducting their grant making through the platform of iCF.
Community foundations pioneered the development of donor-advised funds, and a number of commercial sponsors, educational institutions, and independent charities now offer this service. Donor-advised funds are the fastest growing charitable giving vehicle in the United States of America, with more than 100,000 donors participating with over $17.5 billion in assets.
The objects of iCF are to provide funds for charitable causes with a focus on Education, Health, and Entrepreneurship/Jobs. In the performance of these objects, the Board of Trustees of iCF makes every effort to comply with the wishes of the donors. An important value added by iCF is that it will as part of its standard operating procedure do due diligence of the donors advised charity and if desired, report back to the donor with its observations, as to the strengths and weaknesses of the organization. This research will be done both qualitatively and quantitatively with the aid of state-of-the-art and sophisticated computer software. If the donor wishes, iCF may also provide information and its views regarding other charitable organizations in the philanthropic space. In addition iCF would also make available its counsel to the various charities that it works with, for ways to improve their governance, instill transparency and ethical practices, put proper accounting and reporting practices in place and finally to help them in improving delivery of their projects.
The i-Care Foundation (iCF) is first Pakistan focused donor-advised charitable fund (DAF). This is a way of giving charity in which the donor, an organization, family, or individual, gives their donation to the DAF, for onward transmission to the charitable organization of the donors choice. The iCF offers the opportunity for a hassle free, low cost, flexible vehicle for charitable giving as an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience as iCF does the due diligence and all management aspects for them, enjoy cost savings and obtain tax advantages by conducting their grant making through the platform of iCF.
Community foundations pioneered the development of donor-advised funds, and a number of commercial sponsors, educational institutions, and independent charities now offer this service. Donor-advised funds are the fastest growing charitable giving vehicle in the United States of America, with more than 100,000 donors participating with over $17.5 billion in assets.
The objects of iCF are to provide funds for charitable causes with a focus on Education, Health, and Entrepreneurship/Jobs. In the performance of these objects, the Board of Trustees of iCF makes every effort to comply with the wishes of the donors. An important value added by iCF is that it will as part of its standard operating procedure do due diligence of the donors advised charity and if desired, report back to the donor with its observations, as to the strengths and weaknesses of the organization. This research will be done both qualitatively and quantitatively with the aid of state-of-the-art and sophisticated computer software. If the donor wishes, iCF may also provide information and its views regarding other charitable organizations in the philanthropic space. In addition iCF would also make available its counsel to the various charities that it works with, for ways to improve their governance, instill transparency and ethical practices, put proper accounting and reporting practices in place and finally to help them in improving delivery of their projects.