Fund Management
Fund Collection
Each member of this organization donates at least 10 Euro per month. There is no maximum limit for a donation. If minimum donation amount from the members is not set, it might be difficult to guarantee the scholarship of a fixed amount for a reasonable period of time. For simplicity, money will be booked from members’ account once in every six months. Non-members can also donate whatever amount they want. Members and non-members can show their donated amount in their yearly tax declaration as Bangladesch Jugendförderung e.V is approved by the appropriate government authority in Munich.
Money Transfer to Bangladesh
In order to reduce bank transaction cost from Germany to Bangladesh, the amount of scholarship is sent every 4 months to a central account in Dhaka, Bangladesh. Money is then transferred from this central account to several accounts of the scholarships holders’ area. All bank transaction costs are carried out by Bangladesch Jugendförderung e.V.