There are many reasons for grantors to donate to charities through the forum’s fund:
- What minimizes most of the grantors’ contribution to pay their due legal rights, donations or planned finance for charities, is the absence of neutral organizations that offer guidance, encouragement and advice regarding where to pay their due rights.
- Lack of time, experience and abilities of many wealthy people and grantors to follow up, check and search for the best projects where they wish to spend.
- Some grantors don’t wish to receive many beneficiaries, while others don’t want publicity for any reason.
- Many existing institutions ask for rights and don’t offer a detailed breakdown of expenses to grantors and financiers.
- Many of the existing institutions and centres manage Muslims’ money as if private property for their owners, subsequently inherited by their heirs. We must admit that many of Muslims’ grants were lost or unwisely spent throughout history. Part of these grants created unemployed people who depend on others instead of depending on themselves through self-employment or an established small business.
- The fund can work as a representative to receive rights on behalf of religious authorities and spend according to their instructions.
- The fund can offer legal advice regarding tax and tax exemption offered to tax-payer donators.
- Fulfilling grantors’ wishes and reassuring that their grants won’t be lost or abused and that the grants will be spent according to their directions. Thus pious souls can be encouraged to grant without worry or hesitation. The grantor is the person who directs his money, according to his persuasions, to the society he considers. The role of the fund is to deliver grantors’ money according to the directions decided by the grantors themselves; accurately and honestly such as banks and modern credit agencies. In addition, the fund will inform the grantor of sources of spending grants according to periodical lists.
- The fund doesn’t perform any business investment; it is no more than a trustee and a medium between donors and charities.
- The fund doesn’t give to any charity without the full confidence of its performance and financial reports.
- Nowadays Muslims’ money is more prevalent in comparison to the past. This money is kept in world banks and is not available for suitable fields to use because of the lack of serious and honest activities.
- Money should be ready to fulfil its purposes which are supporting institutes and societies working in the charity field, decided by the grantor. It shouldn’t be seized, frozen or transformed into corporeal assets, variable or fixed, by the size of the fund except money offered by the grantor and recommended by him to continue; such as Islamic Waqfs, money, buildings and businesses.
So, the fund will do its best to preserve these grants and be very cautious when dealing with them, lest they become lost, exploited or stolen. They should always be ready to fulfil their intentions.
Moreover, the fund will prepare records and accounts for the purpose of financial auditing, by the appropriate governmental institutions, to ensure they work according to the relevant laws.
Thus grantors through Iraqi Charities Forum can choose one of the following methods:
- To select a charity or charities he/she wishes to donate to.
- To show the method of spending he/she likes: one payment, monthly, or annually accompanied by his/her follow up.
- To choose the field of expenditure and leave the choice of selecting the qualified charity (to receive donations) to the Iraqi Charities Forum.
- To leave the choice to the Iraqi Charities Forum in selecting the field of expenditure and the qualified charity.
Grantors or donators can contact the fund concerning their wishes through:
icfund@iraqicharities.org
We reaffirm the existence of credibility and lack of trust between people; and that’s what pushes us forward to work hard to retain credibility in the field of charities.
Best wishes;
Iraqi Charities Forum
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