About Endowment Fund

“An endowment fund is a kind of investment fund, with amounts frequently withdrawn from the fund to meet general and specific needs. The fund consists of the number of investments made and income earned on such investments.” – From Wall Street Mojo

Endowment funds are a global phenomenon established by educational institutions to ensure their long-term financial stability and program support. They rely on donations from alumni, corporations, and philanthropists, investing these contributions to generate income. This income is then utilized to fund activities for the institution's benefit, often in perpetuity. Many renowned institutions abroad have successfully managed endowment funds for decades, accumulating billions of dollars in assets.

In India, the IIT Delhi Endowment Fund was inaugurated on 31st October 2019, by the former President of India at the Rashtrapati Bhavan in Delhi. It became the country's first endowment fund for IIT Delhi, following the model of prestigious universities like Harvard, Yale, Stanford, Cambridge, Oxford, and others. Governed by its own board of directors comprising esteemed alumni and the director of IIT Delhi, the fund operates through the independent section 8 company "IIT Delhi Endowment Management Foundation." With a vision to reach a fund size of Rs 10,000 crores over the next decade, the IIT Delhi Endowment Fund has been operational for just over two years. The foundation office is a modern, state-of-the-art facility located within the IIT Delhi campus, in the heart of South Delhi

The funding from IIT Delhi Endowment Fund and the income generated from the investment of its corpus shall be used for charitable purposes related to IIT Delhi.

These purposes include:

Helping offset overall cost of education that IIT Delhi charges its students, including tuition and boarding.

Providing research grants to students for their activities and to faculty in areas of global significance.

Improving IIT Delhi’s existing infrastructure and setting up new infrastructure.

Any other activities related to IIT Delhi.

Working Principles

Ensuring Optimum and Prudent utilisation of funds received.

Governance

To deploy an effective governance structure to ensure the right treatment of funds with the involvement of an independent board majority composed of IITD Alumni.

Transparency

To govern the usage of funds and investment operations in a completely transparent way and in line with the charter of IIT Delhi.

Efficiency via Tax Benefits

To provide maximum tax efficiency to donors and the institute to make the most optimal use of the available funds.

Growth and Sustainability

To ensure a structure that is sustainable and provides a robust platform for the long term growth of the endowment.

Endowment Fund Board

PROFESSOR RANGAN BANERJEE - CHAIRPERSON AND DIRECTOR, IIT DELHI


Professor Rangan Banerjee is a B Tech (Mechanical) graduate and PhD in mechanical engineering from IIT Bombay. He is currently the Director of IIT Delhi.
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SASHI P REDDI - CO-CHAIRPERSON


Sashi P Reddi graduated with a B.Tech. from IIT Delhi (Computer Science and Engineering) in the year 1987 followed by an MS from the Courant Institute of Mathematical Sciences at NYU and then a Ph.D. from The Wharton School, University of Pennsylvania.

Sashi is the founder and managing...

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PROFESSOR P V MADHUSUDHAN RAO - BOARD MEMBER


Professor P. V. Madhusudhan Rao is a professor in the departments of mechanical engineering and design at IIT Delhi. He was also the founding head of the department of design and is currently the Dean of Alumni Relations.

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NEERAJ ARORA - BOARD MEMBER


Neeraj Arora is the Co-Founder of Halloapp and Venture Highway LLP. He was earlier working as the Chief Business Officer at Whatsapp.Neeraj Arora is the Co-Founder of Halloapp and Venture Highway LLP. He was earlier working as the Chief Business Officer at Whatsapp.
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BINNY BANSAL - BOARD MEMBER


Mr. Binny Bansal received his Bachelor of Technology degree in Computer Science & Engineering from IIT Delhi in 2005.

Mr. Binny Bansal is a well-known Indian billionaire and Internet entrepreneur, who co-founded the Indian online retail giant Flipkart in 2007. He served as the Chi...

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ARUN DUGGAL - BOARD MEMBER


Mr. Arun Duggal received his Bachelor of Technology degree in Mechanical Engineering from IIT Delhi in 1967 and Post Graduate Diploma in Management from IIM Ahmedabad.

A US national and resident of India, Mr. Arun Duggal is currently Chairman of ICRA Ltd., Mangalore Chemicals & Fe...

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VIKRAM GUPTA - BOARD MEMBER


Mr. Vikram Gupta received his Bachelor of Technology in Engineering from IIT Delhi in 1993. A highly accomplished person in the Indian Venture Capital industry, Mr. Gupta is the Founder and Managing Partner of IvyCap Ventures, a USD 200 mn Venture Capital Fund that invests through the Alumni ecos...

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GAUTAM KUMRA - BOARD MEMBER


Gautam Kumra is the managing partner of McKinsey’s India office. He founded the McKinsey Leadership Institute in India, which focuses on developing leaders who can deliver transformational change.

Gautam has a long-standing passion for helping CEOs become effective leaders, espe...

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SUJEET KUMAR - BOARD MEMBER


Mr. Sujeet Kumar is the co-founder of Udaan.com, an e-commerce B2B platform. He was earlier working as the President of Operations at Flipkart.
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SAURABH MITTAL - BOARD MEMBER


Mr. Saurabh Mittal received his Bachelor of Technology degree in Electrical Engineering from IIT Delhi in 1995 where he graduated as the Best Graduating Student and was awarded the Alok Saxena Memorial award.

He subsequently received his Master of Business Administration degree from Har...

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SANDEEP SINGHAL - BOARD MEMBER


Sandeep graduated with a B. Tech. from IIT Delhi (Chemical Engineering) in the year 1992 followed by an MS from the University of Illinois (Abraham Lincoln Fellow) and an MBA with distinction from IIM Ahmedabad.

Sandeep Singhal, a co-founder and Managing Director of WestBridge Capital i...

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ALOK MITTAL - BOARD MEMBER


Alok is a graduate of IIT Delhi (Computer Science 1994 batch) and UC, Berkeley. He is passionate about education and entrepreneurship. He serves on the board of TiE Delhi, cofounded Indian Angel Network, and is a founder trustee at Plaksha University. He has been teaching recreational math and pr...

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Past Chairperson of the Foundation Board

ARUN DUGGAL


Mr. Arun Duggal received his Bachelor of Technology degree in Mechanical Engineering from IIT Delhi in 1967 and Post Graduate Diploma in Management from IIM Ahmedabad.

A US national and resident of India, Mr. Arun Duggal is currently Chairman of ICRA Ltd....

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US Board President

SASHI P REDDI


Sashi P Reddi graduated with a B.Tech. from IIT Delhi (Computer Science and Engineering) in the year 1987 followed by an MS from the Courant Institute of Mathematical Sciences at NYU and then a Ph.D. from The Wharton School, University of Pennsylvania.

Sash...

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Address
ROOM NO. MZ-122, HAUZ KHAS,New Delhi, New Delhi 110016,India
Email
alumni.engagements@alumni.iitd.ac.in
digitalmedia.endowment@alumni.iitd.ac.in
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