Fortune Fund Program

S2tech takes pride in introducing Fortune Fund Program a voluntary program, designed to recognize and promote academically bright students coming from an economically poor families.

Matampally school and Laknepally school. Every year, from 7th standard we select 5 to 10 students from each school based on their rank in the class and the family financial status. These students will be given financial and emotional support till they finish their graduation. S2Tech employee(s) have initiated to mentor these students in helping them to achieve top 10 ranks in their class.

Mission:

To uplift the less fortunate by providing educational resources via Voluntary donations matched by S2Tech.

Objective

There is a saying, If you give a man a fish-he eats for a day.If you teach a man to fish-he eats for life. By providing the youth in poverty access to education, then they become qualified for more job opportunities that can bring themselves and their families out of poverty. This affects the entire community in a positive way. It is the goal of S2Tech to create an economic impact on the community in a way that can endure.

Each work location has a volunteer Committee Member. The duties of the Committee Members are:

Explain to new employees what the Fortune Fund is about.

To come up with fund raising ideas.

If fund raising event is approved, will execute the plan in location.

Provide records of participants and keep forms available.

Every W-2 employee that wants to donate to the Fortune Fund must fill out an election form or sponsorship form in order for the amount to be withheld from the net pay of the pay period.

Each year the Committee decides on a Chairperson. This Chairperson calls together the Committee in order to inform them of the status of the projects, inform them of the donation status, and to plan projects and fundraising events.

Dayakar Veerlapati, President and CEO of S2Tech, must be updated on a regular basis regarding the status of the projects. Day will make sure the donations are being passed to the proper sources and that IRS regulations are being followed. S2Tech will also match employee donations in order to "boost" the capability of the Fortune Fund projects.

Fortune Fund Receipts & Payments Account