AN OPPORTUNITY FOR CORPORATES (UNDER THEIR CSR PROGRAM), INDIVIDUALS AND ORGANISATIONS TO PARTNER IN BUILDING A HEALTHIER INDIA
PHFI’s ‘FUND FOR PROMOTING PREVENTIVE HEALTHCARE
Preventive healthcare is an important dimension of health that needs significant attention and investment from all sections of the society. It is a national health priority and a notified area under Schedule VII of the CSR Section 135 of the Companies Act.
Preventive healthcare directly improves health, well-being and productivity of community/population, families and individuals, and promotes equity by benefiting most the disadvantaged and marginalised groups. It covers range of public health activities focused on prevention of diseases, promotion of good health and strengthening of health systems.
- Fund to be deployed in areas identified for CSR in Schedule VII of the Companies Act and aligned with provisions of Section 135 of the Act
- Activities implemented by not-for-profit Society (PHFI) with track record of 8+ years in priority areas of health and education
- Contributions to PHFI eligible for inclusion under CSR spend as per the Companies Act AND eligible for 175% deduction under section 35(1) (ii) of the Income Tax Act
PHFI is making a call to you to partner, invest in and contribute to this critical constituent of India’s health, development and future well-being.
Highlights of the Fund
- Focused on activities notified under Schedule VII of CSR section 135 of the Companies Act: Covers activities (across multiple category of promoting health, education, gender equality, and measures for reducing inequalities faced by socially & economically backward groups) and specifically those addressing (such as) ‘promoting preventive healthcare’, ‘malnutrition’, ‘safe drinking water’, ‘sanitation’, ‘improving delivery of public health systems’
- To directly and indirectly improve the health of fellow citizens, especially the socially and economically marginalised groups: This will be enabled through improvement of public health programs (e.g. on malnutrition, maternal and child health, health and pollution, mental health and disability), change in health policies (e.g. promoting gender equality, tobacco control, healthy lifestyles) and strengthening public health systems access and delivery (e.g. utilizing technology and skilled human resources to better delivery of and access to services especially primary health). Several of these areas are covered under national and state health programs
- Implemented by PHFI, a not for profit Society with more than 8 years of track record. Working as a public private initiative, PHFI is supported by the government (Ministry of Health & Family Welfare) and multiple stakeholders : It has a 600 plus multidisciplinary technical talent pool, is recognised as a Scientific and Industrial Research Organisation (by DSIR, Government of India) and designated as one of the six Global Health Systems centre by WHO
- To support projects on scientific research and studies, implementation research, and awareness programs towards improvement of health outcomes: The CSR rulescover research and studies done in areas listed in Schedule VII of the CSR section of Companies Act
Options for contribution to the Fund
- Contribution can be made directly to the Fund. Contributions equal to or above INR 10 lakhs will be acknowledged in key communication materials
- Contribution can be made for specific projects/programs in identified public health priority themes that can include: Women & Child Health, Nutrition, Social Determinants of Health (Water, Sanitation), Air Quality and Health, Environment and Health, Infectious Diseases, Non Communicable Diseases, Health Informatics, Health Systems & Policy, Health Communication and Mental Health & Disability. The projects can be mutually discussed
- Significant giving allows 'naming' possibilities (e.g. Research Chairs; Centres of Excellence)
Available Tax Benefits
PHFI is recognised by Central Government as an approved organization under Section 35 (1) (ii) of Income Tax Act to undertake scientific research. This provision allows
- 175% weighted deduction under Section 35 (1) (ii) for contribution out of ‘income from business or profession’, i.e. for every INR 1 Lakh of contribution, a tax benefit of INR 59,500 can accrue assuming marginal tax rate of 34% There is no maximum limit for deduction under this section.
- 100% deduction under Section 80GGA (2) for contribution made from ‘income other than incomes from business or profession’ i.e. for every 1 Lakh, a tax benefit of INR 30,000 can accrue assuming marginal tax rate of 30%. There is no maximum limit for deduction under this section.
175% WEIGHTED DEDUCTION AVAILABLE FOR CONTRIBUTION MADE FROM BUSINESS INCOME
EXPENDITURE MADE UNDER CSR TO QUALIFY FOR DEDUCTION UNDER THIS PROVISION
Note: Any Indian person or ‘assesse’ is eligible – individuals, companies or others
Making the Contribution
- Your can make a contribution by Cheque/ DD made in favour of ‘Public Health Foundation of India’, payable at par at New Delhi
- Please specify if the contribution is being made from ‘Income from business or profession’. Also, mention your PAN number
- Purpose is to be mentioned as : “This amount is being paid as ‘expenditure on scientific research’ to Public Health Foundation of India (PHFI) which is a notified and approved organisation engaged in scientific research under section 35(1) (ii) of Income Tax Act, 1961(Act)
- Unless specified otherwise, the contribution is accepted as an expendable fund (not an endowment)
Please send your cheque to
Public Health Foundation of India (PHFI)
Plot No.47,Sector 44, Institutional Area, Gurgaon – 122002, Haryana, India
For further information or any clarification
Please write to partner@ phfi.org
Rohit Prasad, Director-Development& Strategic Initiatives
Bhuvan Verma, Resource Development Officer