The responsibility of the German charity, Deutsche Stiftung zur Förderung des Vedischen Weltkulturerbes, which serves as the German co-operation partner, is to be responsible for collecting German donations and transferring them to the Nepal Maharishi Foundation for Vedic Culture, which is then responsible for using these funds in accordance with the German laws for charitable organizations.
As a charitable foundation according to Paragraph 51 ff. AO the Stiftung zur Förderung des Vedischen Weltkulturerbes is authorized to remit tax deductible donation receipts.
There will be a consistent flow of financial reporting between these two Foundations as well as an exchange of information, reports and even Nepal visits organized for the donors.
Use of Donations and Transparency
There will be a consistent flow of financial reporting between these two Foundations as well as an exchange of information, reports and even organized visits to Nepal for the donors. According to an agreement between both foundations, the Nepal Foundation will provide the German Foundation with annual audited financial statements of account of funds and other means received for the Charitable Project which also must be submitted to the government of Nepal. In addition, the German foundation will receive a detailed report of the use of all donations including all expenditures incurred during a yearly period, as well as the latest property statement.
The German Foundation has the right to examine at any time and place to be mutually agreed upon by the parties, the books and records of the Nepal Foundation.
Two in-resident representatives, Mr. Royal Lillge, MBA, and Mr. Robert Wallace, of the Deutsche Stiftung zur Förderung des Vedischen Weltkulturerbes, who are very familiar with the circumstances of the country, will keep the German Foundation updated and fully informed of the activities and of the ongoing general developments being undertaken by the Nepal Foundation.
Additional to the annual audited financial statements, the Nepal Foundation shall furnish to the German Foundation each year a full and complete written report of its activities for the preceding calendar year (including e.g. pictures, brochures, news-paper-reports, etc.) and the plans for the coming year. On request, the Nepal Foundation will also furnish such a report at any other time.
The Nepal Foundation will hold general meetings and board meetings according to the provisions of the articles of the Nepal Foundation. The German Foundation may request at any time to have copies of the records of these meetings and their decisions in English.
The Nepal Foundation will permit the German Foundation’s officers, directors, employees or committee members to enter at reasonable times, with a three-day notice, any premises used by the Nepal Foundation, in order to evaluate and observe their activities and programs and to inspect all records relating to the same.
YES, I would like to support the Vedic Pandits in Nepal!
Stiftung zur Förderung des Vedischen Weltkulturerbes
Volksbank in der Ortenau, BLZ 6649 0000
Account No. 15 54 35 07
IBAN: DE 29 6649 0000 0015 5435 07
Please provide your name and the purpose of the transfer:
Support of the Nepal Pandit group
Please note whether your donation is a monthly, yearly or a one time donation.
Thank you for your support!
If you would like a donation receipt recognized by the tax office, please contact us by email (email@example.com).