{"id":3279,"date":"2026-02-25T22:00:14","date_gmt":"2026-02-25T22:00:14","guid":{"rendered":"https:\/\/mymahotsav.com\/knowledgebase\/?post_type=docs&p=3279"},"modified":"2026-02-25T23:00:15","modified_gmt":"2026-02-25T23:00:15","password":"","slug":"utsavdaan-crowdfunding-terms-definitions","status":"publish","type":"docs","link":"https:\/\/mymahotsav.com\/knowledgebase\/docs\/policy-hub\/crowdfundings\/utsavdaan-crowdfunding-terms-definitions\/","title":{"rendered":"Crowdfunding Terms & Definitions"},"content":{"rendered":"

Module:<\/strong> CrowdFunding (Utsav Daan\u2122)
\nDocument Type:<\/strong>\u00a0Hybrid \u2014 Plain English + Legal Reinforcement
\nTrademark:<\/strong> UTSAV DAAN\u2122 is a registered trademark of MyMahotsav Futuretech Ltd
\nJurisdictions:<\/strong>\u00a0Global (with India, UK, US, EU, Singapore, South Africa addendums)
\nVersion:<\/strong>\u00a01.0
\nEffective Date:<\/strong> 25th Feb 2026<\/p>\n

\n

 <\/p>\n

PART A: PLAIN ENGLISH SUMMARY<\/h2>\n

What Is UTSAV DAAN\u2122?<\/h3>\n

UTSAV DAAN\u2122 (\u0909\u0924\u094d\u0938\u0935\u0926\u093e\u0928) is MyMahotsav’s crowdfunding platform that brings together “Utsav” (celebration\/festival)<\/strong>\u00a0and\u00a0“Daan” (giving\/donation)<\/strong>\u00a0. We help individuals, communities, and organizations raise funds for social causes, cultural preservation, temple restoration, and community projects.<\/p>\n

The Simple Explanation<\/h3>\n
    \n
  • \n

    UTSAV DAAN\u2122 is a platform, not a charity<\/strong>: We provide the technology for campaigns. We don’t collect donations on our own behalf.<\/p>\n<\/li>\n

  • \n

    Your donations go to campaigns<\/strong>: When you donate, funds go to the specific campaign you chose (held securely in escrow).<\/p>\n<\/li>\n

  • \n

    Campaigns are created by users<\/strong>: Anyone can start a campaign, subject to verification.<\/p>\n<\/li>\n

  • \n

    We don’t guarantee campaign success<\/strong>: We verify documents but cannot guarantee the genuineness of every cause\u2014that’s where community validation helps.<\/p>\n<\/li>\n

  • \n

    Money is protected<\/strong>: All funds sit in a separate escrow account, not mixed with company money.<\/p>\n<\/li>\n

  • \n

    Fees are transparent<\/strong>: Platform fees, payment gateway fees, and transfer charges are clearly disclosed.<\/p>\n<\/li>\n<\/ul>\n

    \n

     <\/p>\n

    PART B: LEGAL DEFINITIONS<\/h2>\n

    1. DEFINITIONS (Capitalized Terms)<\/h3>\n

    For purposes of these UTSAV DAAN\u2122 Terms and all related policies:<\/p>\n

    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Term<\/th>\nDefinition<\/th>\n<\/tr>\n<\/thead>\n
    UTSAV DAAN\u2122<\/strong><\/td>\nThe crowdfunding platform operated by MyMahotsav Futuretech Ltd, accessible via website, mobile applications, and related services, bearing trademark registration [Insert Number]<\/td>\n<\/tr>\n
    Campaign<\/strong><\/td>\nA fundraising initiative created on the Platform by a Fundraiser to solicit Contributions for a stated Cause<\/td>\n<\/tr>\n
    Fundraiser<\/strong><\/td>\nThe individual or entity who creates, manages, and operates a Campaign on UTSAV DAAN\u2122<\/td>\n<\/tr>\n
    Beneficiary<\/strong><\/td>\nThe ultimate recipient of funds raised through a Campaign (may be same as Fundraiser or a third party)<\/td>\n<\/tr>\n
    Contributor \/ Donor<\/strong><\/td>\nAny person or entity that makes a Contribution to a Campaign<\/td>\n<\/tr>\n
    Contribution \/ Donation<\/strong><\/td>\nFunds voluntarily provided by a Contributor to a Campaign, with or without expectation of a Reward<\/td>\n<\/tr>\n
    Support Group<\/strong><\/td>\nA group of individuals designated by the Fundraiser who collectively vouch for, support, and assist in managing the Campaign to enhance trust and transparency<\/td>\n<\/tr>\n
    Reward<\/strong><\/td>\nA tangible or intangible benefit offered by a Fundraiser to Contributors in acknowledgment of their Contribution (may include merchandise, acknowledgments, experiences, or symbolic tokens)<\/td>\n<\/tr>\n
    Cause<\/strong><\/td>\nThe stated purpose of a Campaign, which may include social, cultural, religious, charitable, educational, or community objectives<\/td>\n<\/tr>\n
    Target Amount<\/strong><\/td>\nThe specific fundraising goal set by the Fundraiser, which may be either: (a)\u00a0Fixed Target<\/strong>: Funds must reach the Target to be released; OR (b)\u00a0Flexible Target<\/strong>: Funds are released regardless of whether Target is achieved<\/td>\n<\/tr>\n
    Campaign Duration<\/strong><\/td>\nThe time period during which a Campaign accepts Contributions, with a specified Start Date and End Date<\/td>\n<\/tr>\n
    Escrow Account<\/strong><\/td>\nA segregated bank account maintained by MyMahotsav Futuretech Ltd, separate from operating funds, holding all Contributions pending release to Beneficiaries<\/td>\n<\/tr>\n
    Platform Fee<\/strong><\/td>\nThe fee charged by MyMahotsav for use of UTSAV DAAN\u2122 services, calculated as a percentage of total Contributions or fixed amount as disclosed on the Platform<\/td>\n<\/tr>\n
    Payment Processing Fee<\/strong><\/td>\nFees charged by third-party payment gateways, banks, and financial institutions to process Contributions<\/td>\n<\/tr>\n
    Transfer Fee<\/strong><\/td>\nFees associated with transferring funds internationally, including currency conversion charges, wire fees, and intermediary bank charges<\/td>\n<\/tr>\n
    Net Proceeds<\/strong><\/td>\nThe amount available for disbursement to the Beneficiary after deducting Platform Fees, Payment Processing Fees, Transfer Fees, and any applicable taxes from total Contributions<\/td>\n<\/tr>\n
    Campaign Failure<\/strong><\/td>\nA Campaign that closes without reaching its Target Amount (if Fixed Target) or without disbursing funds due to fraud, misrepresentation, or violation of Terms<\/td>\n<\/tr>\n
    Material Change<\/strong><\/td>\nAny significant alteration to a Campaign’s purpose, Beneficiary, fund utilization plan, or other material terms after Contributions have been received<\/td>\n<\/tr>\n
    Collaborative Validation<\/strong><\/td>\nThe process by which the UTSAV DAAN\u2122 community reviews Campaign documentation, provides feedback, and flags concerns to assist in assessing Campaign legitimacy<\/td>\n<\/tr>\n
    Cooling-Off Period<\/strong><\/td>\nThe time during which Contributors may withdraw a Contribution without penalty, as specified in the Refund Policy<\/td>\n<\/tr>\n
    Disbursement<\/strong><\/td>\nThe transfer of Net Proceeds from the Escrow Account to the Beneficiary’s designated bank account<\/td>\n<\/tr>\n
    Force Majeure<\/strong><\/td>\nEvents beyond reasonable control including natural disasters, acts of God, war, terrorism, regulatory changes, banking system failures, or pandemics<\/td>\n<\/tr>\n
    KYC\/AML<\/strong><\/td>\nKnow Your Customer and Anti-Money Laundering verification procedures required by applicable laws<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    \n

    2. INTERPRETATION RULES<\/h3>\n

    2.1<\/strong>\u00a0Words importing the singular shall include the plural and vice versa.<\/p>\n

    2.2<\/strong>\u00a0References to “including” mean “including without limitation.”<\/p>\n

    2.3<\/strong>\u00a0Headings are for convenience only and do not affect interpretation.<\/p>\n

    2.4<\/strong> In case of conflict between these Definitions and any other UTSAV DAAN\u2122 policy, these Definitions control for interpretation purposes.<\/p>\n

    \n

     <\/p>\n

    \u00a0PART C: JURISDICTION-SPECIFIC DEFINITIONS ADDENDUMS<\/h2>\n

    INDIA ADDENDUM<\/h3>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
    Term<\/th>\nAdditional Definitional Context<\/th>\n<\/tr>\n<\/thead>\n
    Charitable Purpose<\/strong><\/td>\nAs defined under Section 2(15) of the Income Tax Act, 1961, including relief of poor, education, medical relief, preservation of monuments, and advancement of any other object of general public utility<\/td>\n<\/tr>\n
    Foreign Contribution<\/strong><\/td>\nAs defined under Foreign Contribution (Regulation) Act, 2010 (FCRA), requiring specific registration for receipt of funds from foreign sources<\/td>\n<\/tr>\n
    NGO<\/strong><\/td>\nA non-governmental organization registered as a Society under Societies Registration Act, 1860; or Trust under Indian Trusts Act, 1882; or Section 8 Company under Companies Act, 2013<\/td>\n<\/tr>\n
    Temple<\/strong><\/td>\nA religious institution as may be governed by respective State Hindu Religious and Charitable Endowments Acts or similar legislation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    UK ADDENDUM<\/h3>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n
    Term<\/th>\nAdditional Definitional Context<\/th>\n<\/tr>\n<\/thead>\n
    Charity<\/strong><\/td>\nAn institution established for charitable purposes and subject to the jurisdiction of the Charity Commission for England and Wales<\/td>\n<\/tr>\n
    Financial Promotion<\/strong><\/td>\nAs defined under Section 21 of the Financial Services and Markets Act 2000 (FSMA)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    US ADDENDUM<\/h3>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n
    Term<\/th>\nAdditional Definitional Context<\/th>\n<\/tr>\n<\/thead>\n
    Charitable Organization<\/strong><\/td>\nAs defined under Section 501(c)(3) of the Internal Revenue Code (for tax-exempt organizations)<\/td>\n<\/tr>\n
    Charitable Solicitation<\/strong><\/td>\nSubject to state-level registration requirements in approximately 40 states<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    EU ADDENDUM<\/h3>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n
    Term<\/th>\nAdditional Definitional Context<\/th>\n<\/tr>\n<\/thead>\n
    GDPR<\/strong><\/td>\nGeneral Data Protection Regulation (EU) 2016\/679 governing processing of personal data<\/td>\n<\/tr>\n
    Consumer<\/strong><\/td>\nA natural person acting for purposes outside their trade, business, craft, or profession<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
    \n

     <\/p>\n

    PART D: ENTERPRISE INTERNAL MANUAL<\/h2>\n

    For UTSAV DAAN\u2122 Operations Team<\/h3>\n

    A. Term Usage Guidelines<\/h4>\n
    \n
    \n
    <\/div>\n
    <\/div>\n<\/div>\n\n\n\n\n\n\n\n\n
    Internal Term<\/th>\nPreferred Usage<\/th>\nAvoid<\/th>\n<\/tr>\n<\/thead>\n
    UTSAV DAAN\u2122<\/strong><\/td>\nAlways with trademark symbol in first instance, then UTSAV DAAN<\/td>\nMisspelling as Utsav Daan<\/td>\n<\/tr>\n
    Campaign<\/strong><\/td>\nFor active fundraisers<\/td>\n“Project” (conflicts with other modules)<\/td>\n<\/tr>\n
    Contribution<\/strong><\/td>\nLegal\/formal documents<\/td>\n“Donation” in casual contexts (acceptable)<\/td>\n<\/tr>\n
    Fundraiser<\/strong><\/td>\nThe person\/entity running campaign<\/td>\n“Organizer” (conflicts with Events module)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Module: CrowdFunding (Utsav Daan\u2122) Document Type:\u00a0Hybrid \u2014 Plain English + Legal Reinforcement Trademark: UTSAV DAAN\u2122 is a registered trademark of MyMahotsav Futuretech Ltd Jurisdictions:\u00a0Global (with…<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"doc_category":[211],"glossaries":[251,253,254,252,250],"doc_tag":[79],"knowledge_base":[199],"class_list":["post-3279","docs","type-docs","status-publish","hentry","doc_category-crowdfundings","glossaries-campaign","glossaries-escrow-account","glossaries-force-majeure","glossaries-fundraiser","glossaries-utsav-daan","doc_tag-terms-and-conditions","knowledge_base-policy-hub"],"year_month":"2026-04","word_count":1019,"total_views":"129","reactions":{"happy":"0","normal":"0","sad":"0"},"author_info":{"name":"MyMahotsav Admin","author_nicename":"support-team","author_url":"https:\/\/mymahotsav.com\/knowledgebase\/author\/support-team\/"},"doc_category_info":[{"term_name":"CrowdFundings","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs\/mm-guides\/crowdfundings\/"}],"doc_tag_info":[{"term_name":"Terms and Conditions","term_url":"https:\/\/mymahotsav.com\/knowledgebase\/docs-tag\/terms-and-conditions\/"}],"yoast_head":"\nCrowdfunding and Fundraising Terms & Definitions | UTSAV DAAN\u2122 - MyMahotsav<\/title>\n<meta name=\"description\" content=\"Complete guide to UTSAV DAAN\u2122 crowdfunding terms and definitions. 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