You may choose one of the following priority areas of giving to IIT Bombay to enable the Institute to pursue its goal of maintaining high standards in Teaching and Research.
Institute Development Fund
The impact of donations on the growth of the Institute is remarkable. IIT Bombay aims to accelerate the pace of its approach towards its "Tryst with Excellence" and asks for your continued support. Utilization of funds from "Institute Development Fund" is overseen by the Director for areas of "greatest need". Your contribution to the modernization and establishment of new academic, research and campus infrastructure shall be appreciated.
Young Faculty Awards
IIT Bombay is undergoing this rapid growth phase even as other institutions in India and abroad are planning to expand too. This creates significant challenges in attracting faculty to IIT Bombay. Given the current hiring spurt, the Young Faculty Award program was designed to have a substantial long-lasting impact on IIT Bombay and its faculty profile. YFA awards can ensure that IIT Bombay offers a more attractive package to achieve better results in recruitment. The “Young Faculty Joining Bonus”, initially a Class of ’82 Legacy Project, has been awarded from 2010 onwards. Class of ’78, '83, ’84, ‘85 and ‘88 have also joined this project. Nomura has also contributed to the YFA. The project focuses on supporting young faculty in their academic pursuits in order to attract outstanding young faculty to replace retiring faculty and to augment current faculty as a key element for IITB to maintain its long term competitiveness.
For any queries, please write to firstname.lastname@example.org. YFA is an alumni aided initiative whose implementation is carried out by IITB in close consultation with LAC (Legacy Advisory Committee) comprising of alumni drawn from academia and fund managers.
The Chair Professorship is a distinguished academic position of the Institute and is conceived as an academic honor to recognize outstanding Teaching/Research work and achievements of the permanent Faculty of the Institute. It can also be used to attract outstanding academicians to join the Institute as Visiting Faculty. Each Chair is supported by an endowment created from a donation to the Institute.
Establishment of new Chair Professorships is essential for IIT Bombay to attract and retain high quality research faculty, which are one of the key elements required to fulfill the goal of the Institute to be a leading International Research University. It is envisaged that Chairs will also lead to the establishment of new areas of specialization through the recruitment of accomplished researchers in specific fields of study. The endowment for a Chair is currently Rs. 90 lakh. Interest from the endowment will be used to meet expenses of the Chair, which include an honorarium of up to Rs 20,000 per month and contingency expenses. The salary of the Chair Professor and all other benefits (housing, medical etc.) will be from Institute funds. Donors will have the prerogative of naming the Chairs.
The broad area of specialization for instituting the Chair may also be specified by the donor.
A list of Chair Professors as of 2019 can be found here.
One way to nurture excellence amongst students is by awarding scholarships to deserving candidates. These may be named after the donor. All students are informed of various available opportunities of financial support. We also work with students and alumni to identify and to apply for relevant fellowships and scholarships. Each year, numerous IITB students receive a number of prestigious awards, fellowships & scholarships enabling them to engage in a variety of activities including: spending time overseas, conducting independent research, and partial/full support for their tuition fees. Our goal is to further student’s academic endeavors by connecting worthy students to merit-based opportunities, to encourage self-development, and to make the application process a worthwhile learning experience. We hope you will stop by our office in person to learn more. The Institute will be the sole authority to operate the funds. Specifically, the amount of scholarship will be reviewed by the Institute Scholarship Committee from time to time to determine the viability of the same given the prevailing economic conditions.
Impact of Student Scholarships:
Scholarships help to lessen the impact of rising tuition costs.
Scholarships help students have more time to focus on their studies.
Scholarships decrease the number and amount of loans students need to take to
Scholarships add to financial assistance provided by Government.
Scholarships can fill the gap.
Scholarships teach philanthropy.
HATS is an important alumni-driven initiative that aims to channel the affinity and affection that many alumni have for their Hostels. HATS started with the Hostel 7 campaign "In Service of the Lady" in 2006, and continued with the Hostel 4 HATS campaign which launched with a bang in 2009. Under the leadership of an enthusiastic "core team", HATS will leverage the past successes to develop a campaign for all hostels. You can view the HATS presentation by clicking here.
Recent developments in HATS include approval of make Hostel My Home, an Alumni driven competition which focuses majorly on cleanliness and maintenance of wings and hostel. The major aim of the competition is to make students realize that they should keep their surroundings clean and healthy as its a better way to live life. The competition also focuses on bringing out the current picture of the various authorities of the institute related to maintenance and cleanliness and aims to increase the efficiency to a very large amount.
Another development in HATS is approval for HATS boards in each hostel. These boards are installed in hostel lounges show casing the alumni activities/projects initiated under the umbrella of HATS for that hostel.
The project aims of HATS include- Forming a hostel HATS team of each hostel and nomination of HATS champs for each batches for every hostel.
Give One for IIT Bombay
A part of GO IITB - is a unique campaign that makes it possible for every alumnus/alumna to express his/her gratitude to IITB with planned, periodic contributions.
The insight behind this campaign is that a donation does not have to be “one time” or “a large sum” and an alumnus should not wait for years before giving back to IITB. The name Give One is to express the guideline that alumni should give at least 1% of their annual income towards supporting IIT Bombay’s never ending "Tryst with Excellence". Remember, this is just a guideline; no contribution is too small or too early. And it is entirely voluntary.
Corporate Social Responsibility
IIT Bombay has been a preferred Corporate Social Responsibility (CSR) funs receiver fir many companies on the account of its expertise and scholarship in areas that are prioritized by government policies for the larger good. Association with IIT Bombay is educationally and strategically enriching to all its CSR partners.
Ministry of Corporate Affairs has recently notified Section 135 and Schedule VII of the Companies Act as well as the provisions of the Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules) which has come into efect from April 1, 2014.
A brief description of the current Corporate Social Responsibilities with IIT Bombay can be found here.
For further information please contact us at : Email : email@example.com Phone : 91 - 22 - 2576 - 4889, 2576 – 7023 Address : Dean ACR, Main Building, First Floor IIT Bombay, Powai Mumbai - 400076, INDIA