PHILANTHROPY LIST
Feeling 'been there, donor that?' Lessons on CSR longevity from Tata Education Trusts
Tata Education Trusts resumed grants to TISS, addressing issues like dependency and self-sufficiency. With examples like Stanford University's shift to diverse funding, the need for smooth donor transitions is crucial. ₹15,600 cr in CSR funds highlights the importance of execution capabilities and accountability in ensuring effective impact engagement in the social sector.
Meet India's richest women: Savitri Jindal tops Forbes' list with $35.5 billion net worth
Savitri Jindal's rise to being one of India's richest women reflects a broader trend of women's empowerment in the country's business landscape. As the matriarch of the Jindal Group, she took over the conglomerate after her husband's passing and led it to remarkable success. Alongside her, other women like Rekha Jhunjhunwala, Vinod Rai Gupta, Renuka Jagtiani, and Smita Crishna-Godrej are making significant strides in business, reshaping the narrative of success in India. Jindal's philanthropy and political career further highlight her multifaceted impact.
Explained: How fundraising works on Social Social Stock Exchange
Investing through SSE is different from direct donations. It offers a structured way to support social causes, with added benefits like transparency, legitimacy and potential tax benefits, not usually available with direct donations. Further, investing in stocks or bonds of social enterprises also provides a financial return potential.
Not just businesspersons, professional CXOs are also joining the road to philanthropy
The Edelgive Hurun India Philanthropy List 2023 released recently showed that AM Naik, Chairman Emeritus L&T, was one of India’s most generous professional managers. He has donated over Rs 150 crore.
View: Philanthropy is welcome, but impact investing would benefit society much more
In many cases, philanthropy might be most appropriate, but in some cases, the same goal could be achieved by an income-generating investment, the returns from which could be ploughed back into the investible corpus to increase the funds available for generating the desired impact.
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India’s social stock exchanges will see more listings and tweaks
A nonprofit wishing to list on a social bourse needs to first register with it and meet a host of criteria, make annual disclosures and produce extensive documentation, just as a company planning an IPO would. This includes a detailed fund-raise document with financial statements, risks, past social impact and the strategy to achieve its vision.
HCLTech founder Shiv Nadar tops Hurun Philanthropy List 2023; donates over Rs 2,000 crore in FY23
Wipro founding chairman Azim Premji (78) and family came second with a donation of Rs 1,774 crore and the third spot was retained by Reliance Industries chairman Mukesh Ambani and family with a donation of Rs 376 crore.
Hurun Philanthropy List: Meet The Most GenerousMembers Of India Inc
These are the movers and shakers of the business sector, who have spent a portion of their vast wealth to make a difference for the society.
Giving away Rs 5.6 cr a day, Shiv Nadar top donor in 2023 philanthropy rankings; total contributions surge 56%
Shiv Nadar, founder of HCL Tech, remains India's top philanthropist, donating Rs 2,042 crore in 2023. Azim Premji of Wipro follows with Rs 1,774 crore. Indian philanthropy surges, with 119 donors contributing Rs 8,445 crore, showing a 60% increase from last year. Education, art, culture, heritage, and healthcare were the preferred causes.
Streamy Awards 2023: MrBeast receives Creator of Year award, full list of winners, categories, host
Know about Michelle Khare and the winners in all categories of the 2023 Streamy Awards.
Nandan Nilekani to invest $3 million in Centre for Digital Public Infrastructure
Philanthropist and non-executive chairman of Infosys Nandan Nilekani will make the investment over two years through non-profit Co-Develop. The CDPI is currently engaged with five countries: the Philippines, Bangladesh, Rwanda, Kenya and Ethiopia.
Climate funder Sequoia Foundation on Home Ministry watch list
In the past two years several international donors found themselves in the government’s ‘prior reference list’ (PRC) of the Foreign Contribution Regulation Act, an emergency era law that was enacted to counter foreign forces suspected to undermine political and parliamentary institutions. The statute was further tightened in 2020.
ET Lifetime Achievement Award: Shiv Nadar - Just doing IT is a way of life, as is starting up a new code of giving
As per the Hurun India Philanthropy List for 2022, billionaire Nadar’s annual donations stood at Rs 1,161 crore or roughly Rs 3 crore per day. With a net worth of $28 billion, he was positioned at 46 in the Hurun global rich list and fourth among Indian peers.
Gautam Adani among 3 Indian billionaires on Forbes Asia Heroes of Philanthropy list
Adani's Rs 60,000 cr pledge when he turned 60 in June this year makes him one of India's most generous philanthropists, the press release said. The money will address healthcare, education, and skill development and will be channelled through the family's Adani Foundation, which was founded in 1996.
Adani, world’s third-richest person, considering opening family office in Dubai or New York
The chairman of the ports-to-power Adani Group conglomerate is looking at Dubai or New York as the base for the office, which will invest the Adani family’s personal funds, the people said, asking not to be identified because the matter is private.
HCL’s Shiv Nadar is India's most generous person: EdelGive Hurun India
Wipro's Azim Premji came in second with an annual donation of Rs 484 crore. Premji is the only living Indian to feature in the EdelGive Hurun Philanthropists of the Century list.
HCL founder Shiv Nadar most generous person; Premji slips to second position: Hurun India Philanthropy List 2022
HCL founder Shiv Nadar on Thursday was named as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday. Nadar, 77, has reclaimed the 'India's most generous' title with a donation of Rs 3 crore per day, according to the report.
How "giving" was diversified beyond billions
While the Giving Pledge has a few pledgers from India like Azim Premji, Kiran Mazumdar-Shaw and Rohini and Nandan Nilekani, the entry threshold is a barrier to most. Living My Promise has even attracted a few people in their thirties.
MacKenzie Scott's leap into philanthropy began 3 yrs ago & has already exceeded $12 bn in grants. This is how she did it
A privileged child, she left a Connecticut boarding school after her family declared bankruptcy.
Billionaire Jared Isaacman joins the philanthropy club, donates $125 mn to a children's hospital
He turned a payments-processing firm he started as a teen into a multibillion-dollar company.
View: How to make doing good better
This is a particularly urgent challenge right now, given that Covid-19 and the response to the pandemic have made things even harder for some of the poorest countries. Economies have been damaged, and poverty is increasing after decades of decline. Health resources and global support have been redirected to the pandemic.
Azim Premji remains top philanthropist with Rs 27 cr donation daily, Shiv Nadar & Mukesh Ambani follow
Premji increased his donation by nearly a fourth during the pandemic year.
Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank
Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes.
Startup founders have to stabilise business before philanthropy, says Ashok Soota
In an interview with Alnoor Peermohamed and Raghu Krishnan, Soota also talks about his vision of an executive board to run the company, and SKAN, the not-for-profit he has launched for medical research on ageing and neurological disorders.
Looking for corporate support for your crowdfunded project? These practical tips will have you covered
Here are some tips from a crowdfunding expert that will help you to get it right
Family philanthropy resilient amid pandemic in India, says report
The profitability of domestic companies declined last year, with that of listed companies dropping by 62% in the months following the initial Covid-19-led lockdowns, which hit availability of funds for corporate social responsibility (CSR).
Jeff Bezos's $10 bn donation to fight climate change tops list of richest charitable gifts in 2020
Bezos's 'real-time' net worth is around $188 bn, as estimated by Forbes.
Azim Premji tops EdelGive Hurun India Philanthropy List 2020, Shiv Nadar & Mukesh Ambani follow
The 4th spot was earned by Kumar Mangalam Birla, Chairman of Aditya Birla Group.
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