Indians Business Leaders Donates Millions to US Universities


April 30, 2016 Facebook Twitter LinkedIn Google+ News



Indian business leaders are one of the most generous when it comes to philanthropy, specially when it comes to giving back to their alma mater. Many Indian and Indian-origin business leaders like Ratan Tata, Anand Mahindra, N R Narayana Murthy, Nandan Nilekani, Naveen Jindal, Indra Nooyi, Siddharth Yog, Chandrika and Ranjan Tandon have donated millions of dollars to US universities like New York University, Carnegie Mellon, MIT, Harvard and Yale.

In total Indians have donated close to $300 millions to US universities over the last few years. This just includes details of public donation, many have donated without making actual amount public notable being Amar Bose donating majority of Bose Corporation shares to Massachusetts Institute of Technology (MIT).

Chandrika Ranjan Tondon

Chandrika Ranjan Tondon donated $100 million to New York University

 

Below are just a few examples of Indians who are making generous philanthropic contributions to American universities.

  • Chandrika and Ranjan Tandon $100 million donation to New York University is singe-largest philanthropic donation by Indian-American community.
  • Chandrika Tandon who donated $100 million to New York University is sister of Pepsico CEO Indra Nooyi who made donation to Yale School of Management made her biggest alumni donor and the first woman to endow deanship.
  • RatanTata’s $50 million donation to Harvard Business School in 2010 is the largest from an international donor in the School’s 102-year history.
  • Indra Nooyi’s donation to Yale School of Management made her biggest alumni donor and the first woman to endow deanship at a top business school.

US University Donation by Indians

DonorUniversityDonationYear
Anupama and Guru RamakrishnanUniversity of Chicago$3.5 millionJanuary, 2016
Indra NooyiYale School of ManagementundisclosedJan, 2016
Chandrika and Ranjan TandonNew York University$100 millionOct, 2015
TCS (Tata Consultancy Services )Carnegie Mellon University$35 millionAugust, 2015
Dr. Ram and Meera KrishnaUniversity of Arizona$1 millionApr, 2015
Kiran and Pallavi PatelUniversity of South Florida$18.5 millionOct, 2012
Siddharth YogHarvard Business School$11 millionJan, 2012
Naveen JindalUniversity of Texas$15 millionOctober, 2011
Amar BoseMassachusetts Institute of TechnologyMajority of Bose Corporation sharesApril, 2011
Rajen KilachandBoston University$25 millionSept, 2011
Ratan Tata (Tata Group)Harvard Business School$50 millionOct, 2010
Anand MahindraHarvard University$10 millionOct, 2010
N R Narayana MurthyHarvard University$5.2 millionApr, 2010
Rohini and Nandan NilekaniYale University$5 millionNovember, 2008
John P. KapoorUniversity at Buffalo$11 millionJune, 2008
Mukesh AmbaniStanford Graduate School of BusinessFellowship for Indian StudentsApril, 2008
Anil AmbaniWharton School, University of PennsylvaniaundisclosedMay, 2007

 

Ratan Tata, gifted $50 million to his alma mater, the Harvard Business School, to give back to the school – in his words – a little bit of what it had given him.

India’s well known Tata Group has made a history contributing $50 million to the eminent Harvard Business School to flourish the infrastructure and academics of few students. It was gifted none other than by Ratan Tata from the Sir Dorabji Tata Trust and the Tata education and Development Trust, the chief parties of the group. It is also said that he has attended the Harvard’s Advanced Management Programme in 1975 and thereby received the high-end School’s highest Honor, The Alumni Achievement Award, in 1995. The break ground in Harvard Business School is named after him as Tata Hall. He regarded it as an entitlement and yearned that the upcoming division would incentivize and galvanize the future leaders to make use of the opportunities that has been vested upon them as said by Ratan Tata in an interview, “give back to Harvard a little bit of what it gave to me”.

Murthy family gifted $5.2 million to publish ‘The Murthy Classical Library of India’.

Murthy family of Bangalore, India has come up with a dissemination series, The Murthy Classical Library of India, furnishing $5.2 million according to The Harvard University Press. The amount was donated to flourish the wisdom of learning and to invigorate the reading population. It has contributed largely to the world by highl

ighting the mannerisms of The Indian Literature. As said by Narayana Murthy, he was pleased that the Harvard University Press was affixing the production of the project and his wife, Sudha Murthy agreed that they feel obliged to contribute and accentuate the rich heritage of Indian literature.

Anand Mahindra gifted $10 million to Harvard University’s humanities center in honor of his mother Indira Mahindra.

To give tribute to His mother, Indira Mahindra, The chief, managing director and vice chairman of Mahindra group, Anand Mahindra granted $10 million to The Harvard University from where he attained his college undergraduate on film studies and master degrees on business studies. The Mahindra Group is considered as one of the India’s well known largest conglomerates having an empire of more than 100,000 working staff and annual sales of more than $7 billion. The money donated to the university has been vested on the Humanities centre now popularly known as Mahindra Humanities Centre at Harvard.

Rohini and Nandan Nilekani had gifted $5 million to Yale University.

The co-founder and co-chairman of Infosys Technologies, Mr. and Mrs. Nilekani gifted $5million to Yale University in 2008 for the fundraising initiative of Yale India. Mrs. Nilekani dedicated this amount to overcome with the environmental issues who is also the chairperson of the Arghyam Trust and Pratham Books as it will help in Yale India initiative which will immeasurable extensive vase to the Indian Studies connecting Yale and India.

Xander Group founder Siddharth Yog gifts $11 million to Harvard Business School

Siddharth Yog

Siddharth Yog

On 11th November, 2011, Siddharth Yog bequested $11 million calling it as “guru dakshina” to his alma mater, professor of Harvard Business School, Arthur I Segel at 11.11am adding one dollar more as a token of good luck. The present of $11 million will be exhausted on Harvard schools, innovative science, educational information, public service and academic-public policy participation. The donation was mainly to thank his professor to bring about a drastic change in him as said to a writer in an alumni meeting and followed the trend of the pure student-teacher principle. The finance and camaraderie will have an India with an emerging pivotal point, says Yog.

John Kapoor

John Kapoor

John P Kapoor graduated from the State University of New York at Buffalo (SUNY) offered him a graduate fellowship and he completed his doctorate in medicinal chemistry in 1972. Kapoor went on to become a great entrepreneur in the pharmaceutical industry. In 2000, he gave SUNY $5 million, increasing it to $11 million in 2010.

The NRI John P Kapoor donated a lump sum amount of $5 million and much more gifts altogether coming around more than $10.8 million in the UB School Pharmacy and Pharmaceutical Sciences from the John and Editha Kapoor Charitable Foundation. The pharmacy building was renamed as John Kapoor Hall after the donation in his honor. Since the UB School Pharmacy has played a predominant role in his life in building up his career thereby he donated this amount to welfare the encouraging and motivating students, raise a new residence for the nationally ranked pharmacy school and increase in the fund of technologies and help them in the financial aid.

Carnegie Mellon Receives $35 Million Gift From Tata Consultancy Services

Building a strong affiliation between the renowned leaders and academia and providing a strong etymology to education and new facilities, The Carnegie Mellon University was bestowed with $35 million by the Tata Consultancy Services which is a top global IT services and organization to uphold the integrity and new faculties in Carnegie Mellon University, interacting and intensifying the connection between the staff members, faculties and students by reforming the Tata Consultancy Services building.

Rajen Kilachand

Rajen Kilachand

$25 Million Gift Largest in Boston University History. Alum and trustee Kilachand’s pledge will rename Honors College To support the honors college, Rajen Kilachand who is a Dubai based global entrepreneur and a member of University’s Board of Trustees has donated $25 million in honor of his parents.

The college is renamed as the Arvind and Chandan Nandlal Kilachand Honors College. The donation will increase the strength of the college and because of this the caliber and the standard of the off-centered program will increase and there will be a vast range of opportunities for the future era and the students of The Boston University. This donation is the largest in the university’s history that would give equal importance to him as well as to the undergraduate students of the university.