In 2009, Diya
applied for and received tax-exempt status from the government authorities, which means that our donors are entitled to tax credit in Pakistan on all donations made through crossed cheques.
4) Annual audit by internationally renowned accounting firm.
KPMG Pakistan are the external auditors since 2008.
Prior to that, annual audit was performed by Ernst and Young Pakistan
The annual audit provides an independent opinion on the state of financial affairs of Diya
, which is a source of great comfort for our local and international supporters.
5) Documented operational policies.
has documented policies for all key aspects of its operations, including scholarship award criteria, fund administration, fund disbursement and financial reporting and disclosures.
The objective is to institutionalize the working of the organization so that it continues to function in a transparent and methodical way.
6) Beneficiary feedback and evaluation system.
Starting in 2010, Diya has initiated an annual survey program to assess the impact being made by our donors' funds.
is very keen for its donors and supporters to visit its offices in Rawalpindi and see first-hand the professional and transparent working of the organization.
The general and overhead expenses of Diya
are maintained at a minimum, and since 2010, are fully funded from contributions by founder trustees.
This means that 100% of your donations directly reach the end beneficiary, without any deductions.
In 2012, the board of trustees approved establishing a Diya Stability Facility to be used in emergencies and in the event if donations in a year are not sufficient to meet the current requirements of the year.
This facility ensures that Diya
is able to honor its commitment to its beneficiary students in all circumstances.
brings together many of us ordinary people, for this extraordinary program ...
is your opportunity to make a difference in the lives of many students
maintains complete record of its financial affairs ...
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