AgeSense Initiative

𝐀𝐠𝐞𝐒𝐞𝐧𝐬𝐞 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 (𝐀𝐒𝐈)⁣
𝐅𝐮𝐧𝐝 𝐔𝐬𝐚𝐠𝐞 𝐏𝐨𝐥𝐢𝐜𝐲⁣
𝐃𝐚𝐭𝐞: 𝐌𝐚𝐫𝐜𝐡 𝟐𝟔, 𝟐𝟎𝟐𝟔⁣
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𝟏. 𝐏𝐮𝐫𝐩𝐨𝐬𝐞⁣
This Fund Usage Policy is established to ensure transparency, accountability, and sustainability in the financial management of all projects conducted by AgeSense Initiative (ASI). It defines how donated funds will be allocated and used across all organizational projects and campaigns.⁣
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𝟐. 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞⁣
For every project or fundraising campaign conducted by AgeSense Initiative (ASI), the collected donation amount shall generally be allocated as follows:⁣
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> 90% of the total funds raised will be used for direct project implementation⁣
> 10% of the total funds raised will be allocated to general administrative and organizational support costs⁣
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This policy ensures that the majority of donations directly benefit the intended beneficiaries while also supporting the organizational capacity required to plan, manage, and sustain impactful programs.⁣
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𝟑. 𝐔𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝟗𝟎% 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐅𝐮𝐧𝐝⁣
The 90% direct project allocation shall be used strictly for costs directly related to the ex*****on of the specific project, including but not limited to:⁣
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Procurement of project-related goods and supplies⁣
Beneficiary support items⁣
Project-specific labor or service costs⁣
Transportation and delivery costs⁣
Logistics and handling⁣
Accommodation (if necessary for project ex*****on)⁣
Volunteer refreshments during field operations⁣
Packaging and distribution costs⁣
Venue or setup costs directly required for the project⁣
Other operational expenses directly tied to that project⁣
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𝟒. 𝐔𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝟏𝟎% 𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧⁣
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The 10% administrative allocation may be used to support the general operational and administrative needs of AgeSense Initiative (ASI), including but not limited to:⁣
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Staff salaries and stipends⁣
Office rent or workspace expenses⁣
Organizational merchandise and branding materials⁣
Communication and coordination expenses⁣
Software, tools, and subscriptions⁣
Printing and documentation⁣
Banking, transaction, and financial processing charges⁣
Equipment or supplies for administrative operations⁣
Other general overhead costs necessary for sustaining the organization⁣
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𝟓. 𝐄𝐱𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐢𝐫𝐜𝐮𝐦𝐬𝐭𝐚𝐧𝐜𝐞𝐬⁣
In exceptional cases, AgeSense Initiative (ASI) may adjust the above allocation ratio when the nature of a project requires a different cost structure.⁣
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Examples may include:⁣
Emergency response projects⁣
In-kind donation campaigns⁣
Projects with unusually high logistics or administrative requirements⁣
Sponsored or restricted-fund projects with donor-imposed conditions⁣
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Any such exception must:⁣
Be approved by the Board of Executives (or authorized executive authority)⁣
Be documented in writing⁣
Be clearly communicated internally, and where appropriate, disclosed to donors or the public⁣
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𝟔. 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠⁣
For every project, AgeSense Initiative (ASI) shall maintain financial records showing:⁣
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Total funds raised⁣
Amount allocated to direct project costs⁣
Amount allocated to administrative costs⁣
Breakdown of major expenditure categories⁣
Supporting receipts, invoices, or documentation where available⁣
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Project reports may include a summary of fund utilization to maintain trust and transparency with donors, partners, and stakeholders.⁣
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𝟕. 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞⁣
All members, executives, and departments involved in project planning, fundraising, procurement, and ex*****on are expected to comply with this policy. Misuse of funds or deviation from this policy without proper authorization may result in internal disciplinary action.⁣
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𝟖. 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐃𝐚𝐭𝐞⁣
This policy shall become effective upon approval by the authorized leadership of AgeSense Initiative (ASI) and shall remain in force until amended or replaced by a future resolution.⁣
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𝟗. 𝐀𝐩𝐩𝐫𝐨𝐯𝐚𝐥⁣
This Fund Usage Policy was reviewed and approved by the authorized signatories of AgeSense Initiative (ASI) on 26 March, 2026.⁣

We are proud to officially announce the Rajshahi Regional Leadership Team 2026 of AgeSense Initiative.

With a vision to expand our impact and strengthen our presence, the Rajshahi branch steps forward with a dedicated and dynamic team committed to meaningful change and community service.

Rajshahi Regional Team – 2026

Regional Director – Md. Israq Hossain
Deputy Regional Director – Mehtabul Hasan Nion

Director of Finance – Abu Saleh Md Farhat
Director of Program Management – Rafid Rezwan
Director of Media and Communications – Kaif Mahmud
Director of Research and Development – Nafiz Al Fuad
Director of Volunteer Coordination – Mahmudun Nabi

This team is entrusted with driving our mission at the regional level—ensuring impactful programs, effective coordination, and sustainable growth while staying aligned with our core values.

We extend our best wishes to the Rajshahi team as they begin this journey. With strong leadership and collective effort, we look forward to creating a lasting impact in the region.