Source of Fund

Source of Fund of SEDAD

(Socio Economic Development Association for Disable)

The financial sustainability of the Socio Economic Development Association for Disable (SEDAD) is anchored on multiple transparent and accountable sources of fund. These funds enable SEDAD to implement its programs effectively, ensure smooth operations, and achieve its mission of empowering persons with disabilities and marginalized communities.

Primary Sources of Fund

Donor Funding:
- SEDAD receives financial support from national and international donors, including NGOs, foundations, and aid agencies.
- These funds are often allocated for specific projects or programs, such as disability development, inclusive education, and women empowerment initiatives.
Government Grants:
- Funding is occasionally received from government ministries and agencies under various development schemes.
- These grants support projects aligned with social welfare, health, education, and community development.
Membership Fees and Contributions:
- Beneficiary Members, General Members, and other stakeholders may contribute membership fees or voluntary donations to support organizational activities.
Corporate Social Responsibility (CSR) Support:
- Partnerships with corporate organizations provide additional funding through CSR initiatives for community development programs.
Fundraising Events and Campaigns:
- SEDAD organizes fundraising events, awareness campaigns, and charity drives to mobilize resources for specific programs.
Income from Service Provision:
- Certain programs may generate service-based income, such as fees for vocational training, computer classes, or workshops, which are reinvested in organizational activities.

Fund Management Principles

SEDAD ensures that all funds are managed with transparency, accountability, and efficiency. Key practices include:

Budgeting: All project and organizational activities are planned within approved budgets.
Documentation: Every financial transaction is recorded systematically for reporting and auditing purposes.
Auditing: Annual and project-specific audits are conducted by government-approved Chartered Accountants, ensuring compliance with legal and donor requirements.
Monitoring and Reporting: Regular internal and external financial reports are prepared to maintain donor confidence and regulatory compliance.

Significance

Ensures financial sustainability for the implementation of programs.
Enhances credibility and trust with donors, government bodies, and beneficiaries.
Enables strategic planning and expansion of services for persons with disabilities and marginalized communities.
Provides a transparent and accountable system that aligns with national and international standards for NGO operations.