MUMBAI: The IIT-Bombay Heritage Foundation (IIT-BHF), a US-based alumni support group of the institute, has donated over $50 million over 25 years to the institute.
The institution celebrated 25 years of the foundation in a virtual event on Thursday. The foundation helped the Institute in building a brand name in the US and other countries too.
It raised over $50 million in donations from over 3,300 unique donors. The foundation also supported 575 scholarships which benefited nearly 5,000 students. They even helped the construction and establishment of 25 major centres, schools and laboratories at the institute, established 19 chair professorships and funded young faculty and teaching and research excellence awards.
The all-volunteer organisation was established in 1996. Director of the institute, Subhasis Chaudhuri, said that the success of the institute would not have been possible without the heartfelt and far-reaching support of the foundation and the alumni donors. He requested the alumni to continue their efforts in supporting the institute’s vision to enhance its teaching and research and standards so that it ranks among the top 50 world institutes.
