Siri Foundation - 2018 Annual Report

Letter from the founder

A Glance back at 2018 – “Meaningful difference” -July 10, 2019

Dear Friends,

The 2018-19 academic year was a remarkable year for Siri Foundation. Four of our bright students graduated from their respective Bachelors’ programs, and our very first sponsored student, Ms. Mani Illapu, secured a job at Karur Vysya Bank as a Grade-One Officer. Without your support and donations these children may have decided to drop out of school and be subject to a life of hardship, but, are now on the paths to changing both their futures and their families. We are proud to have been part of their pursuit of a better life and are humbled and awestruck by their perseverance.

In 2018, we received both 12AA (official non-profit status) and 80G (tax incentives for donors) certificates. Our last financial year closed on March 31^st, 2019, with a budget 100% greater than the year prior, reaching more than 900 students in 4 villages. I am delighted to state that Siri Foundation has once again focused majority of our budget on the real purpose and kept our administrative expenses under 2.5% of our overall spending, a feat that would not be possible without our passionate volunteers and community support.

While we are seeing success today, we are still looking to the future, as thirty-two students are currently chasing their dreams with the help of our wonderful volunteers and donors. I express my deepest gratitude to all of you that have made a difference in the lives of these children and I cannot wait to see what we can accomplish together next.

Kind regards

Srini Chintala / Founder & Trustee

Siri assumes the role of a parent in order to guide our students down the path to success. Two of our main trust members are teachers at government schools and have been active members of rural communities for the last twenty-three years. Their network of teachers at other government schools helps Siri to identify children in need of financial support.

Our trust members ensure students maintain a dedication to their own success, and also meet with the families of students in person before funds are released.

97.7% our spending went to the direct cause in 2018

Our Impact

We have started higher-education scholarships program with one student in 2012 and now has grown to 32 active students in 2018-19. We enrolled more young women (20) than young men (12) in the initiative. We have found great success in the program and hope to gather more funding to create a wider impact on the rural communities we serve.

- Since the inception of the foundation in 2010, we have opened 5 libraries that are operating in 4 villages.
- As of March 2019, 38 students have received scholarships and mentorship for the higher education.
- Out of 32 active beneficiaries 23 are in the bachelor’s in engineering and sciences programs, 6 students in diploma courses and 3 are in 11th grade.
- In FY 2018-19, Less than 2.5% spent on administrative expenses.
- We have been running summer education programs for the last six years successfully.
- 20 students have received National Means-Cum-Merit Scholarship (NMMS) instituted by the Department of School Education and Technology, under the Ministry of Human Resource Development.
- The infrastructure projects in-collaboration with the local community resulted more than 300% growth in student enrollments at Koduru Elementary school. (22 students in 2016 to 82 students in 2019)
- More than 900 students are benefiting from the sports grants & Libraries at 4 villages

Our mission

Our mission is to create a meaningful difference in the lives of underprivileged children through educational programs.

Siri Foundation provides long-term support to disadvantaged students throughout the length of their education, aiding in the achievement of their goals through educational scholarships, financial support, and mentorship, while instilling the values of volunteerism and community service.

Students and volunteers annual meet Jan-2019

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