KARNA Inc. Annual Reports
Annual Report 1999-2000
The 1999/200 financial year was marked by significant achievements for KARNA, considering especially that it was a start-up organization and had an operating year of 10 months only. KARNA was the leading organization in central Illinois region in co-ordinating disaster relief efforts.
Incorporated was set-up in September of 1999 as a 501(c)(3) organization
and received federal tax exemption in February of 2000. The Board of Directors
provided assistance to set-up an independently run KARNA India based at
Lucknow, India. Discussions have been initiated with people in Jamaica
and Tanzania to set-up similar organizations in the respective countries.
This format of partner organizations with similar philanthropic objectives
assures the donors that their contributions are utilized in a manner consistent
with the philosophy of soliciting organizations.
Orissa in India was hit by a hurricane (called cyclone in Asia) on October 29,1999 travelling at 160-170 m.p.h. (Hurricane Andrew was 175 m.p.h. on landfall). Severe devastation to the tune of US$2.5 billion was caused and approximately 20,000 people and 200,000 cattle died. One million people lost 90% of their moveable property and over 10 million people lost their sustainable source of livelihood. To compound the problems, none of the affected were covered by any kind of insurance.
KARNA took the lead in central Illinois region in organizing an in-kind donation drive and collected clothing and other material supplies for the less-fortunate people to help them tide over the period of devastation. The compassion and magnanimity shown by the donors was gratifying. Several teenagers and adults provided assistance in sorting, organizing and packing clothing material in designated cartons. Government of India provided assistance by organizing a free shipment by Air India to send the relief material.
Co. of Peoria were appointed Auditors for KARNA Inc. and have completed
the first annual audit for the financial year.
This year several projects will be undertaken. The web-site(www.karna.org) development is proceeding very well and is expected to be launched by October 1,2000. Two of the major projects already underway are:
KARNA Inc. has in partnership with KARNA India started a Scholarship Project that shall provide KARNA National Scholarships and Memorial/Honor scholarships to students in India. The Scholarship is based on academic excellence, extra-curricular honors and commitment to socio-economic development. KARNA India has selected a Scholarship Board of eminent personalities to act as panelists for this project. This is a wonderful opportunity to perpetuate the memory of a loved one or repay your debt to your Alma Mater by establishing a Memorial/Honor Scholarship at a school/college of your choice. For details please contact Piyush Singh.
a federal tax exempt organization, you are assured of effective utilization
of any financial or material assistance that you can provide. Donate generously
- 1% of your salary, 1 day of your salary or 1 hr of your salary - show
the KARNA in you !!!
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