What is a EPS Foundation?
EPS Foundation as a trust maintains a fiduciary relationship between its Trustor and Trustees .It works for the benefit of the weaker section of the societies and also provides various kind of opportunities for the benefit of the beneficiaries.
EPS Foundation is comprised of a variety of assets intended to provide benefits to an individual or Organization. In EPS Foundation a grantor establishes a trust fund to provide financial security to an individual, most often women, elderly people, child, or organizations such as a charity or other non profitable organization.
Significance of TrustEPS Foundation is widely considered to be the most innovative contribution of the legal system of our Nation.
Although trusts are often associated with intra family wealth transfers, they have become very important in Indian capital markets.
Activities of EPS Foundation
EPS Foundations is basically a trust and it works for the betterment of the Society. Being a trust EPS is mostly is involved in the implementation of Educational programmes 2011 both nationally and internationally. EPS have organized Educational Promotional activities like Quiz Competition, Educational events, Debate Competition etc. in different parts of the State and also other parts of North Eastern States in order to motivate the Young Generation.
Being a trust the Organizations have also participated in the International Book Fairs and also it has leave great impact in the Youths of the State also. The Organization also take pride in Organizing the free tutorial Camps to the meritorious students of the Society with better educational infrastructure and guidance which they are unable to receive because of their socio-economic status. Students
The Organization have also organized camps to provide free study materials to the unprivileged students of the society. The Organization also has a wide experience of educational promotional activities and is always determined to serve the society with same motivation.
EPS has also organized Eye check up camps at different parts of the State. It has also organized Health camps to check the health condition of the rural woman, childrens and aged peoples of the Society. As Malaria is a huge issue in the Rural areas of Tripura, so the Organization has arrange 10 camps at different rural areas of the State.
Presently it is planning a training programme to impart embroidery training to the rural woman of Bamutia R.D Block of West Tripura. A small survey has been done on the economic condition of the women of these blocks. As per the survey result the women of this block is interested to participate in stitching related training Programme, but they are not receiving any kind of platform for such trainings. So keeping this situation in mind EOS Foundations is planning to launch this programme under its trust activities. It is planning to help these women to form a Society after the successful completion of their training. The Organization will also help this Society with the market linkages of the Entrepreneurs, so that the formed Society can easily sustain.
EPS Foundation is a non profitable Organization. It only works for the development of the Society. The main motto of this Organization is to deliver support to the weaker section of the Society. Without any support from any Organization EPS Foundations is continuously serving the State with dedication . In future also we are determine to serve the society with much more dedication dedication and affection. The organization has always stood beside the poor people of the society and will always work in future with same motivate.
Our actions are manifestations of our principles — the beliefs and values we carry inside ourselves and live by. The way to become trusted is to act consistently from those principles — specifically four principles that govern trustworthy behavior:Viewed rightly, the benefits to us are welcome outcomes of a more primary focus on the other.EPS Foundation follows these basisc pricnciples to run teh trust successfully:
In a relevant sense, a trust can be viewed as a generic form of a corporation where the settlers are also the beneficiaries.
One of the most significant aspects of EPS foundation is the ability to partition and shield assets from the trustee, multiple beneficiaries, and their respective creditors (particularly the trustee's creditors), making it "bankruptcy remote", and leading to its use in pensions, mutual funds, and asset securitization as well protection of individual spendthrifts through the spendthrift trust.
Generally, EPS Foundation require these three certainties to run succesfully
1. Intention: There must be a clear intention to create a trust.
2. Subject Matter: The property subject to the trust must be clearly identified. It is often, for example, real estate, shares or cash.
3. Objects: The beneficiaries of the trust must be clearly identified, or at least be ascertainable.