Overview
What is Dakshana Foundation?
Dakshana Foundation is a philanthropic organization situated in Austin, Texas, with a single employee. Its primary mission is to uplift economically and socially disadvantaged gifted children from impoverished rural areas in India. Dakshana accomplishes this by identifying talented orphans and underprivileged children and offering them fully funded residential school education up to grade 12. After completing high school, the Foundation may co-sign student loans for these scholars to attend accredited universities. Dakshana envisions fostering a lifelong connection with these individuals, encouraging them to contribute 10% of their lifetime earnings to support more scholars. By supporting a single scholar in 2006, Dakshana aims to eventually help hundreds of gifted children annually, with future funding coming from the scholars themselves. Donors have the opportunity to sponsor a scholar for a specific duration, allowing them to witness the impact of their contributions on a child's life.
Official website here: www.dakshana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating. The Dakshana Foundation has received a mixed evaluation, earning a 67% overall rating. This reflects some strengths in its financial management, particularly in program expense ratio, which stands at an impressive 80.48%. This indicates that a significant portion of its expenditures is directed towards its programs rather than administrative costs.
However, the organization's accountability and governance aspects reveal substantial weaknesses. Notably, it lacks independent board members, and critical policies regarding conflict of interest and whistleblower protections are missing. Additionally, there is no documentation of board meeting minutes and the nonprofit has not posted its tax form on its website, which raises concerns about transparency and oversight.
In summary, while Dakshana Foundation demonstrates strong program financial management, its governance practices and lack of transparency limit its overall rating. Prospective donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Dakshana Foundation?
98% of 34 reviewers on Facebook recommend the Dakshana Foundation. Here is a summary of their reviews:
Many participants express deep appreciation for the foundation, highlighting its significant impact on their educational journeys. One reviewer notably commended the dedication of the staff, emphasizing the positive influence of individuals like Mohnish Sir. This positive sentiment reflects a broader theme of gratitude and satisfaction regarding the support and resources provided.
Overall, the foundation appears to be well-received, with users acknowledging its commitment to fostering educational opportunities and making a meaningful difference in the lives of students. The overwhelming recommendation rate suggests that Dakshana Foundation effectively fulfills its mission, resonating strongly with those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Dakshana Foundation legitimate?
Dakshana Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dakshana Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $25,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $350
For more financial information, click here
Official website here: www.dakshana.org
What is the mission statement of Dakshana Foundation?
The Dakshana Foundation is dedicated to combating poverty by offering elite educational opportunities to exceptionally talented, economically and socially disadvantaged children hailing from impoverished rural areas in India. Its primary goal is to identify and support orphans and underprivileged students with remarkable intellectual abilities. The foundation establishes residential schools in India, covering all tuition and living expenses up to grade 12 for these scholars. To further assist these students, Dakshana collaborates with student loan providers, co-signing loans for higher education. The foundation seeks to establish a lasting relationship with its scholars, encouraging them to give back 10% of their lifetime earnings to support future scholars. Dakshana envisions a growing number of scholars annually, with the eventual financial support coming from the alumni themselves. The foundation invites donors to sponsor scholars, allowing them to observe the impact of their contributions on an orphan's life.
Official website here: www.dakshana.org
Who is the CEO of Dakshana Foundation?
Mohnish Pabrai is the Chairman of Dakshana Foundation.
Official website here: www.dakshana.org
What is the revenue of Dakshana Foundation?
Dakshana Foundation's revenue in 2022 was -$1,429,442.
Official website here: www.dakshana.org
Who are the executives of Dakshana Foundation and what are their salaries?
The average compensation at Dakshana Foundation during 2022 was $25,350. There is 1 employee at Dakshana Foundation.
Here are 3 key members and their salaries:
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dakshana.org
Where can I find the form 990 for Dakshana Foundation?
Dakshana Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dakshana.org
Learn more at the official website: www.dakshana.org
Mission Statement of Dakshana Foundation
Dakshana Foundation, a philanthropic organization, is dedicated to alleviating poverty by providing world-class educational opportunities to economically and socially disadvantaged gifted children from impoverished rural backgrounds in India. The foundation's mission is to identify talented yet underprivileged orphans and children and offer them a residential education. Dakshana will cover the tuition and living expenses for these selected scholars through grade 12. After high school, Dakshana may co-sign student loans for the scholars to attend any accredited university, combining scholarships and loans.
The foundation aims to build a lasting relationship with the scholars, imposing a moral obligation for them to donate 10% of their lifetime earnings back to Dakshana to support future scholars. This cycle of giving back is expected to result in the growth of the number of supported scholars annually, with the long-term funding eventually coming from the beneficiaries of the past. Dakshana encourages donors to sponsor a specific scholar for a year or more, allowing them to witness the impact of their contributions on a child's life and fostering a nurturing parent-like relationship with the scholar.
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Impact
October, 2024
Dakshana Foundation has made a significant impact by providing world-class educational opportunities to gifted children from impoverished backgrounds in India. By identifying destitute but intellectually talented orphans and underprivileged youth, the foundation addresses systemic barriers to education and empowers these individuals to reach their potential.
The establishment of residential schools allows Dakshana scholars to pursue their studies without the burden of tuition and living expenses, thereby ensuring that financial constraints do not hinder their academic success. By supporting these gifted students through grade 12 and offering partnerships with student loan lenders for higher education, Dakshana lays a strong foundation for academic and professional achievement.
The vision of fostering a lifelong relationship with scholars has the potential to create a cycle of giving back, as beneficiaries are encouraged to contribute a portion of their lifetime earnings to support future scholars. This unique model not only alleviates poverty but also nurtures a sense of community and responsibility among the scholars.
The long-term goals of Dakshana are ambitious yet attainable, anticipating a ripple effect where the success of each cohort of scholars enhances opportunities for subsequent generations. By mentoring and supporting a select few who go on to achieve notable successes, the foundation contributes to the broader economic development of India while inspiring a new generation of leaders. In a country where fewer than 2,000 students graduate from prestigious institutions like the Indian Institute of Technology each year, Dakshana's approach is poised to significantly increase both the number and quality of future scholars, thereby creating substantial impacts on their communities and the nation as a whole.
This information is meant to be a general summary of Dakshana Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,989,159
- Gross Receipts: $3,999,489
Assets and Liabilities:
- Total Assets: $11,793,241
- Total Liabilities: $372,925
- Net Assets: $11,420,316
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Organization Details
Founding Year
2005
Phone
(512) 999-7110Principal Officer
Mohnish Pabrai
Main Address
1250 S CAPITAL OF TEXAS HWY 1-520, AUSTIN, TX, 78746
Website
www.dakshana.orgNTEE Category
Code: B82 - Education
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