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Donation Policy

Moksha Foundation is firmly committed to responsible and transparent management of donations, guided by a set of core principles that emphasize program activities and efficiency. 

  1. Donor Updates: The Foundation shall provide regular updates regarding the funds collected.

  2. Disclosure: Following the conclusion of each fundraising campaign, the Foundation shall furnish a report to the public, detailing the total funds collected. 

  3. Transparency: At the end of each financial year, the Foundation shall disclose the total funds collected, the total expenses incurred in the fundraising, and how the funds are used. All yearly financial reports shall be made readily accessible on the Foundation's website. 

  4. Accountability: The Foundation shall maintain meticulous records and proper accounts of all donations received. All donations, whether direct or indirect will be acknowledged.

  5. Use of Funds: Donors specifying a program will see their donations to that program, while undesignated donations will be allocated by the Foundation. All donated funds are used in strict accordance with Singapore's legal and regulatory requirements, complying with CDSA and TSOFA.

  6. Efficiency Targets: The Foundation commits to direct 80% of all donations to program activities. Additionally, it strives for an overall efficiency rating of 85% or more. 

The Foundation is also dedicated to compliance with Singapore's legal and regulatory framework on countering Money Laundering (ML) and Terrorist Financing (TF).

The Foundation establishes the following policy, in alignment with the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act (CDSA) and the Terrorism (Suppression of Financing) Act (TSOFA):

  1. Program Activities: The Foundation prioritizes program activities in Nepal, particularly related to the protection, preservation, and conservation of archaeological sites. These program activities include protection, restoration, and conservation initiatives as well as land acquisition, master planning, development, and management of these sites.

  2. Background Checks: All persons associated with the Foundation, including but not limited to board members, employees, associates, fundraisers, paid volunteers, partners, contractors, service providers, and hired experts shall undergo background checks before engaging in any financial transactions.

  3. Customer Due Diligence (CDD): CDD shall be initiated when a person expresses an intention to secure membership status within the Foundation or when a person's cumulative financial transactions with the Foundation exceed S$10,000.

    • CDD shall involve the systematic collection and periodic updating of information concerning the identity, such as name, address, unique identification number, date of birth, nationality, and contact details, such as mobile phone numbers and email addresses.

  4. Enhance Customer Due Diligence (ECD): ECD shall be initiated when donations are received from a person associated with United Nations Sanctioned Countries or United Nations Sanctioned Organizations or when a person's cumulative financial transactions with the Foundation exceeds S$1,000,000.

    • ECD shall involve the collection of supplementary information, particularly with regard to Politically Exposed Persons (PEP), and a dossier on the source of wealth, countries of residence and operations, criminal history, and other necessary information,

  5. Suspicious Transaction Reporting (STR): In the event that any transaction in the Foundation operation raises reasonable suspicion, the Foundation is committed to the prompt filing of a STR with the Suspicious Transaction Reporting Office.

  6. Privacy and Confidentiality: The Foundation highly respects privacy and information collected on any person will be kept strictly confidential and no disclosure to third parties will occur without the person's written consent in accordance with the Personal Data Protection Act unless mandated by Singapore's laws or regulations (such as CDSA or TSOFA).

Moksha Foundation's commitments to donations revolve around transparency, program-focused allocation, stringent efficiency targets, and adherence to Singapore's legal and regulatory requirements. These principles ensure that donations are utilized responsibly and efficiently. 

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