IITGN has crossed the Rs 100 crore mark in philanthropic fund receipts. Such contributions support the financial aid to students, scholarships, etc.
Ishita Ranganath | December 6, 2022 | 02:30 PM IST
NEW DELHI: The Indian Institute of Technology Gandhinagar (IITGN) reported crossing Rs 100 crore in philanthropic fund receipts since its inception in 2008, 14 years ago.
Most of the contributors for the Institute's philanthropic projects have been non-IITGN alumni donors, predominantly of Gujarati origin or are either based in India or abroad. Such contributions support the financial aid to students, scholarships for academic excellence, research support, faculty and programme-specific chairs, community welfare initiatives among others.
According to the IITGN press release, the institute's alumni have also contributed to their alma mater. In the early years of their professional careers, more than 50% of them contributed to the IITGN's annual giving while and several have established endowed scholarships to support current students.
Speaking on the achievement IITGN, director, Rajat Moona, said: “IITGN is a trailblazer that has opened many new horizons for its contemporaries. Crossing Rs 100 crore in philanthropic receipts, principally from non-alumni well-wishers, is a tribute to not just its ideas and vision, but also to their transformation into actions and results. We thank our donors for their trust and their support for excellence in various areas, and commit ourselves to embracing new challenges and championing innovative ideas for the advancement of science and technology for societal good.”
Congratulating the Institute, Shah Bhogilal Jethalal & Bros (AAAG India), managing partner, Mukesh Shah, who has set up an endowment to support academic and research excellence at IITGN, said: “With advanced infrastructure and strength to conduct world-class research, it is no wonder that IITGN has earned reputation around the world and achieved this landmark in less than 15 years. We are proud to be associated with this premier Institute and I can confidently say that this is just the beginning of a much larger success story for IITGN.”
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