Donations to RKM Vivekananda Educational and Research Institute
Ramakrishna Mission Vivekananda Educational and Research Institute (RKMVERI) is a non-profit educational institution that relies on financial support from government bodies and individual donors.
Categories of Donation
- Student scholarships
- Faculty sponsorships and chairs
- Support to monastic faculties and members'
- General fund
- Community service activities of the RKMVERI
- Infrastructure development
The students of RKMVERI come from different economical and social background. Many of them need financial support for tuition, boarding and lodging, costing about thirty-five thousand rupees per year per student. Any donation in this regard will go to the corresponding endowment fund of RKMVERI which provides scholarships to the students. A donor can also provide a student scholarship in the memory of any person. In such cases the scholarship will be named after that person.
The faculty of RKMVERI needs salaries and contingency support to discharge their research and teaching responsibilities. The young faculties require around one lakh rupees per month as a salary, and one lakh rupees per year as contingency. Senior faculties require around two lakh rupees per month as a salary, and two lakh rupees per year as contingency. If a senior faculty receives pension from other academic and research institutes then the salary requirement for a senior faculty reduces to one lakh rupees per month. A donor can also provide this support in the memory of any person. In such cases their will be a chair named after that person in any department/subject of his/her choice.
Monks of Ramakrishna Mission are assigned the responsibilities for teaching undergraduate and postgraduate students. Because of their monastic vows, the monks are not entitled to receive any salary or honorarium for their service to RKMVERI. However, financial support is needed to provide food, clothing, medical, travel and other general expenses. Any donation in this regard will be considered as Sadhu Seva.
RKMVERI needs regular money for salaries of non-teaching staff, various educational and religious programmes, and other running expenses.
RKMVERI is active in doing community service outside its campuses and in rural India. These activities include Vivekdisha project, Yoga project, Krishi Vigyan Kendra, centre for disabled children.
RKMVERI needs regular donations for library, laboratories, construction of new buildings/facilities, maintenance, etc.
How to Donate
Donations can be made either in cash or cheque. Donors giving donations exceeding Rs.10000 must provide their PAN card number.
Cheques and drafts may be drawn in favour of Ramakrishna Mission Vivekananda Educational and Research Institute, Belur Math.
The Government of India has granted 100% income tax exemption to RKMVERI under section 80G, subsection 2(a) (iii f) of the income tax act, 1961, by an order issued by the department of revenue, ministry of finance. This is a provision applicable to universities and academic institutions of national eminence.
All the donations to RKMVERI, being a deemed-to-be-University will therefore be eligible for 100% exemption from income tax.