Indians Donate Millions to U.S. Universities, Forget India

By siliconindia   |   Thursday, 09 February 2012, 12:38 Hrs   |    18 Comments
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Indian businessman Siddharth Yog gifted $11 million to his alma mater Harvard Business School and it made front page news since he made it to the rare category of single largest personal gifts made by any Indian to Harvard. Prior to him donations given to Harvard were by Anand Mahindra who donated $10 million, Ratan Tata donated $50 million to fund a campus building and Narayana Murthy donated $5.2 million to publish 'The Murthy Classical Library of India'.

This has been an ongoing debate and every time an Indian donates to a university abroad, the question gains momentum again. When Ratan Tata became ‘the largest international donation in the Ivy League university's 102-year history’, the apparent question asked was how Indian universities can compete globally, if Indians continue to fund western universities. Among other philanthropic contribution to American Universities are Rohini and Nandan Nilekani who had gifted $5 million to Yale University.

It isn’t that the donation to Indian universities is completely non-existent, but it is quite bleak compared to the amounts donated to universities abroad. Nandan Nilekani's donation of $2.6 million to his alma mater, IIT to build a new hostel wing is often talked about.