Financial Management & Procurement Policy

PRAN Foundation is a fully compliant Section 8 Non-Profit. Our 12A and 80G certifications ensure that your contributions are utilized with maximum transparency and provide immediate tax benefits to our supporters

Financial Management & Procurement Policy

• Objective: To maintain rigorous standards of financial integrity and transparency in all foundation transactions.

• Approval Authority: Establish clear limits for spending; for example, expenses above a certain threshold require joint approval from the Legal Lead and Scientific Lead.

• Vendor Selection: Implement a "three-quote" system for procurement (e.g., for research tools or campaign materials) to ensure cost-effectiveness and prevent conflict of interest.

• Audit Readiness: Mandate that all financial records are kept in a "digital-first" format for immediate internal or external audit.