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FAQ's

  
This section holds the most general questions about ROCK, what it is and what it does. 
 

Q. Why not join the already existing Trusts?

Q. Will I get tax exemption for my contribution? 

Q. Will my employer match my contributions to ROCK Fund?

Q. How can I contribute?

Q. What student population does ROCK Fund effectively reach?

Q. Can I suggest beneficiaries/institutions that require assistance?

Q. How much does ROCK Fund spend on a student?

Q. Does ROCK Fund grant student loans?

 

Q. Why not join the already existing Trusts?

Ans. Though there are some already existing trusts helping students in their education, they either address a selected few sections of the student community based on religion, caste etc., or concentrate only on people who score top ranks irrespective of their economic status. There is a large un-addressed section of the student population who are economically underprivileged and do not have any source of financial assistance to continue with their education. ROCK Fund tries to help students in this group.

 

Q. Will I get tax exemption for my contribution? 

Ans. ROCK Fund is registered as a charity organization in India. All contributions are exempt from tax under section 80 c of the Income Tax Act. 

 

Q. Will my employer match my contributions to ROCK Fund?

Ans. Your employer may have a corporate policy of matching charitable contributions by employees. Please talk to your corporate Human Resources representative to verify if such a policy is implemented in your company. ROCK Fund will qualify for matching employer contributions in almost all cases. Depending on your employer, you can almost triple your effective contribution to ROCK Fund if you make use of this facility at no additional cost to you. 

 

Q. How can I contribute? 

Ans. You can contribute to ROCK Fund with your monetary help. We would also love to hear from you regarding your willingness to act as a contact person, help us with our collection drive or simply give us your suggestions for us to improve and be more effective. 

 

Q. What student population does ROCK Fund effectively reach?

Ans. Due to geographical and logistical limitations, our beneficiaries are located in and around Bangalore, India. 

 

Q. Can I suggest beneficiaries/institutions that require assistance?

Ans. We welcome your suggestions. However, the management committee will examine the beneficiary or institution before a decision is made. The decision of the management committee is final and binding.

 

Q. How much does ROCK Fund spend on a student?

Ans. Typically we have been spending approximately Rs. 7000 (approx. $160 USD) to support a student at the school level. 

 

Q. Does ROCK Fund grant student loans?

Ans. Rock Fund does not grant student loans. We grant scholarships to deserving students without any expected repayment. However, it is our fond hope that the students we now support will in turn help others when they achieve self-sufficiency.

 
  

 If you have any specific questions, please do free to contact us at rockfund@yahoogroups.com