Funding

FDPPI envisages to be an organization of the Data Protection Professionals, By the Data Protection Professionals and for the Data Protection Professional and also for the Data Protection Industry.

But our vision of “Data Protection” is broad and recognizes that different professionals and organizations contribute to the Data Protection industry in different ways.

The kind of persons to whom this organization addresses its objectives is explained elsewhere on this site.

To be brief, it includes IT professionals who are designated as Data Protection Officers, Privacy Officers, Law Compliance officers etc., as well as Advocates who are in the Cyber Law and Privacy law practice, Academicians who teach or research or learning in Privacy laws, Law enforcement professionals who enforce Privacy laws, Government organizations who have a stake in Privacy, and all those organizations which are already in operations as NGOs whether they are a Trust or a Society or a Company.

One of the main sources of funds for this Foundation is the “Donations” from the community itself.

Entry to the Foundation is therefore based on “Donations” received from different persons who come together on this platform.

Presently the following categories of Donors are recognized.

  1. Foundation Donors with a minimum donation of Rs 2,000/-
  2. Member Donors with a minimum donation of Rs 5,000/-
  3. Supporting Donors with a minimum donation of Rs 10,000/-

The above categories of Donors would consist of professional donors who contribute both money and personal expertise for the benefit of the organization.

For easy understanding, we can say that the Foundation donors would be like “Annual Members” and “Member Donors” would be like “Life Members” in a traditional Society or Trust structure.

The “Supporting Donor” concept is unique since this organization is created by “Professionals” and they invest their “Individual Professional Capability” in the organization to create an “Aggregated Professional Capability” in the name of the organization.

This aggregation of professional capabilities and delivery of services based on this aggregation will be facilitated in a transparent manner with a contractual arrangement between the professional member and the organization so that the shared responsibilities are balanced with the shared revenue.

To be eligible for this special privilege of being able to  jointly execute projects under a revenue sharing plan, a higher level of commitment than what is required for the member donor is envisaged with a minimum donation of Rs 10,000/-

Additionally, there would be other donors who may pay adhoc amounts which could be  related to specific events or contribute on a long term basis by pledging their institutional support. They may be recognized as “Sponsor Donors” or “Patron Donors”.

This donation system would be the backbone for the Foundation. FDPPI is making arrangements to get Section 80G exemption and as and when received, information will be made available.

The donations may be considered as capital receipts. Donors may be provided non-material privileges subject to taxation laws, in the use of the services offered by the Foundation under professional advise from the statutory auditors.

Once the organization begins its activities, it will generate additional resources by way of conducting Workshops, Seminars, Corporate Training Programs, Professional Certification Programs, Data  Audits, Compliance Audits, Harm Audits, Data Breach Audits, Data Loss Evaluation Audits,  Data Protection Software certifications, etc.,

FDPPI proposes to develop Code of Practice for Data Protection in Corporate environment and a system of developing “Trust Scores” to objectively evaluate the Data Protection efforts of an organization.  Revenue generation could happen through such activities also.

Since the nature of activity of FDPPI is essentially for public good, it is expected that FDPPI may be able to raise funds from the Corporate World and the Government in implementation of joint initiatives of common interest. Such contributions can come in various forms such as Event sponsorship, CSR led projects, Public Outreach programs etc.