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We are a volunteer group of entrepreneurs, activists and working professionals from leading institutions - who like many of you - are keen on helping avert this national crisis to our best ability. We are looking to raise funds to procure and supply 50-75 oxygen concentrators along with other medical essentials to India on an immediate basis. Your smallest contribution would help save lives!
The process of distribution of concentrators will be transparent and published in the public domain so every donor can see the impact they have created.
Please help our campaign to let India breathe by donating today!
The process of distribution of concentrators will be transparent and published in the public domain so every donor can see the impact they have created.
Please help our campaign to let India breathe by donating today!
Frequently Asked Questions, addressed by Team Milaap
1) Are there any fees associated with the campaign?
No. Milaap is a free fundraising platform. We do not deduct any fees from your donation. You are however welcome to make a voluntary tip to cover for our expenses, while making the donation.
2) Will I get a confirmation on donating towards the cause?
Yes, you shall receive a payment acknowledgement receipt (donation receipt) from Milaap once you've successfully contributed towards the cause. This shall be sent via email/WhatsApp on your registered email ID/phone number.3) Are there bank transfer/wire options available for international donors?
Yes, there are 2 options.
a) For Donors outside India and USA:
You can make a transfer to the following bank account
Beneficiary Name / Milaap Social Ventures USA
Account Number / 9800991814
Type of Account / Checking
Beneficiary Address / 5335 Montrose Drive,
Dallas, TX 75209
Bank name / Evolve Bank & Trust
ABA Routing Number / 084106768
Bank Address / 6070 Poplar Ave, Suite 200
Memphis, TN 38119
Please send an email to anoj@milaap.org and finance@milaap.org with the transfer details to receive acknowledgement. Acknowledgement will be issued within 1-2 working days.
b) For DAFs, Family Foundations and HNIs in the US
Donations above $5000 towards this initiative can be made through Milaap’s 501c3 partner in the US and will receive tax-exemption for US tax-residents.
Name: Asset India Foundation
EIN: 20-5139364
Account # 2602388791
Routing # 122105278
Bank name: Wells Fargo Bank
Swift code: WFBIUS6S
Please send an email to anoj@milaap.org and finance@milaap.org with the transfer details to receive acknowledgement. Acknowledgement will be issued within 1-2 working days.
3) Why are the exchange rates lower than real-time values?
We assure you that exchange rate you see at the time of donation is purely notional - funds raised in all foreign currencies (we support around 12+ international currencies apart from INR) are held in our US custodian account and transferred as $ when the organizers request the same.
The exchange rate they receive in Rupees is based on that date of receipt of funds through their bank. For example, current (27-04-2021) notional FX rate on site is 52 INR / SGD whereas the equivalent FX rate at the time of transfer (on 27-04-2021) to recipient is around ~ 55 INR / SGD
The notional value of keeping a slightly lower exchange rate for display is to ensure that fundraisers don't suffer from a shortage should there be a fluctuation/volatility in currency movements. So we are conservative with our display. Please note that we make no money directly or indirectly in FX arbitrages or floats associated with it.
Yes, there are 2 options.
a) For Donors outside India and USA:
You can make a transfer to the following bank account
Beneficiary Name / Milaap Social Ventures USA
Account Number / 9800991814
Type of Account / Checking
Beneficiary Address / 5335 Montrose Drive,
Dallas, TX 75209
Bank name / Evolve Bank & Trust
ABA Routing Number / 084106768
Bank Address / 6070 Poplar Ave, Suite 200
Memphis, TN 38119
Please send an email to anoj@milaap.org and finance@milaap.org with the transfer details to receive acknowledgement. Acknowledgement will be issued within 1-2 working days.
b) For DAFs, Family Foundations and HNIs in the US
Donations above $5000 towards this initiative can be made through Milaap’s 501c3 partner in the US and will receive tax-exemption for US tax-residents.
Name: Asset India Foundation
EIN: 20-5139364
Account # 2602388791
Routing # 122105278
Bank name: Wells Fargo Bank
Swift code: WFBIUS6S
Please send an email to anoj@milaap.org and finance@milaap.org with the transfer details to receive acknowledgement. Acknowledgement will be issued within 1-2 working days.
3) Why are the exchange rates lower than real-time values?
We assure you that exchange rate you see at the time of donation is purely notional - funds raised in all foreign currencies (we support around 12+ international currencies apart from INR) are held in our US custodian account and transferred as $ when the organizers request the same.
The exchange rate they receive in Rupees is based on that date of receipt of funds through their bank. For example, current (27-04-2021) notional FX rate on site is 52 INR / SGD whereas the equivalent FX rate at the time of transfer (on 27-04-2021) to recipient is around ~ 55 INR / SGD
The notional value of keeping a slightly lower exchange rate for display is to ensure that fundraisers don't suffer from a shortage should there be a fluctuation/volatility in currency movements. So we are conservative with our display. Please note that we make no money directly or indirectly in FX arbitrages or floats associated with it.
