A US-based alumni group of the Indian Institute of Technology (IIT), Bombay has donated a whopping $50 million to its alma mater.
The IIT Bombay Heritage Foundation (IITBHF), a US based mostly non-profit charity organisation established to assist college students, alumni, school, and analysis at IIT Bombay, stated this throughout a digital occasion attended by tons of of main alumni and previous and present IIT-B administrators, a media launch stated.
IITBHF celebrated 25 years of its alma mater on July 19.
According to the organisers, the quantity of $50 million was collected from over 3,300 donors. The basis has additionally helped set up essentially the most recognisable IIT and IIT Bombay manufacturers within the US and elsewhere.
It has supported 575 named scholarships benefiting almost 5,000 college students and funded the development and institution of 25 main centres, faculties and laboratories.
“This is an occasion to remember our founding, rejoice in our achievements and renew ourselves for the future,” stated D C Agrawal, president IITB Heritage Foundation in his welcome deal with.
IIT Bombay Director Subhasis Chaudhuri lauded the Heritage Foundation’s efforts for its far-reaching contributions over the past 25 years.
“Our success as the top ranked Indian Institute would not have been possible without the heartfelt and far-reaching support of IIT Bombay Heritage Foundation and the alumni donors,” he stated.
“What IITBHF has achieved over the last 25 years would not have been possible without the generous support of over 3300 alumni donors,” stated its present chair Raj Mashruwala.