Support UNITUS raise $300,000 to help India fight COVID | Milaap
Support UNITUS raise $300,000 to help India fight COVID
83%
Raised
$240,015
of $300,000
136 supporters

100% of your donation will be matched to raise necessary funds for your campaign

  • U

    Created by

    Unitus
  • SD

    This fundraiser will benefit

    Swasth DFY SaveLife

    from India

Story

A dollar-for-dollar donation initiative to help credible healthcare non-profits procure oxygen concentrators  to help India Breathe Again!

Unitus is a leading venture fund in India that supports early-stage tech startups with India scale and global potential.
 
We support early-stage fintech, healthcare, and jobtech startups with India scale and global emerging market potential. We partner with our investees to build a solid foundation and prepare for growth via funding, strategic and operating support, providing critical connections, and securing growth capital to validate market potential.

With the second wave of COVID hitting India, we plan to do the following to do our bit in support of the frontline warriors and thereby, help in procuring the medical supplies.

  1. Raise USD 300,000 through a 1:1 matching i.e every dollar contributed will be matched by Unitus upto USD 100,000, towards procuring medical equipment like oxygen concentrators for short term relief and building medical infrastructure in the medium term
  2.  Disburse these funds equally to credible healthcare non-profits:  SwasthDoctors For You and SaveLife Foundation who have the capability and infrastructure to provide on-ground, last mile support.
We would request and urge all of you to contribute wholeheartedly in your individual and corporate capacities and more importantly, help us spread the word within your personal, professional and alumni networks so that we can hit our ambitious goal in quick time and meaningfully support the people in need in India including for many their families, friends, colleagues and associates.

We thank you in advance for your trust, faith, support and generosity.
____________________________________________________________________
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) Are there bank transfer/wire options available for international donors?
Yes, there are 2 options.  

1) 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.

2) 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.

Read More

support