What Is a Corpus Fund?
The donation to Corpus Fund is a long term donation that helps provide long-term future financial security to non for profit organisations. The original corpus donation continues to remain intact as a corpus, and the interest income generated from the corpus is used to fund ongoing programs and administrative costs. It provides a means of ensuring sustainable growth of the organisation, therefore providing the organisation with additional credibility to the public, and in addition, may qualify for a tax exemption benefit in terms of Income Tax Act 1961, Section 80G in India.
