At JM Financial, CSR goes beyond being just a statutory obligation. We are an organisation that voluntarily takes steps to improve the quality of life for people in our ecosystem as well as the society at large. In order to imbibe the philosophy of Corporate Social Responsibility (CSR) among companies, Section 135 of the Companies Act, 2013 (‘the Act’) has mandated every company with a net worth of over Rs. 500 crore, or a turnover of more than Rs. 1,000 crore or net profit of over Rs. 5 crore to spend at least 2% of its average net profits made during the three immediately preceding financial years, on CSR activities as enumerated in Schedule VII to the Act; every financial year.
JM Financial Foundation, established in the year 2001, and Kampani Charitable Trust, established in the year 1983, to support the causes of socio-economic welfare, education and healthcare; are two arms through which the Group has been contributing to deserving causes for over three decades now. The recently introduced statutory provisions only add to the efforts and contribution we have already been making in this direction.
ONGOING GIVING & SUPPORT ACTIVITIES
JM Financial Foundation and Kampani Charitable Trust identify and work with several credible NGOs on a number of outreach programmes in various fields like education, healthcare and disaster relief. Here’s a look at some of the programmes we undertake and support:
Giving & Charity
Education is the most powerful weapon that can be used to change the world; and to bring about this change, we focus on providing access to quality education and scholarships, to children at the bottom of the socio-economic pyramid. We promote education of the girl child by offering academic, material and social support so that they can attend school with dignity. One of the partners that we support deploys the Activity Based Curriculum that empowers children to cope with different real life situations through lessons learnt while engaging in active play. We have partnered with professionals to work with children having developmental disabilities, particularly autism. We also support schools that run programmes for children coming from diverse socio-economic backgrounds and disabilities.
As an extension of our focus on education, we believe that the development of an entrepreneurial spirit is a very important part of the long-term goal of nation building. In our endeavour to support this objective, we have collaborated with a few likeminded entities, to support an initiative called Venture Studio of Ahmedabad University.
We have associated with partners to provide the needy with effective medical treatment, either free or at a subsidised cost. Our healthcare initiatives include rehabilitation of the physically challenged, treatment for cancer patients, free health camps for the underprivileged, promotion of alternative medicine like Ayurveda, sponsorship of camps for detection and treatment of neurological diseases, etc. Teaming up with a partner NGO, we have also built sanitation blocks in a rural area of Maharashtra. Granting wishes of chronically ill children, aiding a home for destitutes where daily and medical needs of young and old individuals are taken care of, have been our other activities.
We have backed initiatives to train underprivileged and school dropout youth in vocational skills viz., computers, mechanics, carpentry, tailoring, beautician activities, etc. to enable them to become economically independent and start life afresh.
Through our partners we have helped rehabilitate the victims of the Nepal earthquake and Gujarat floods. We have also worked extensively to rehabilitate the victims of the Jammu and Kashmir floods.
The Foundation supports several panjrapoles which build and maintain sheds, provide fodder and medical care to animals and protect them in different climate conditions.
Apart from the above, we support activities related to promotion of sports, art and culture.