ENDOWMENT FUND OF IIT DELHI

About:

• President Ram Nath Kovind launched the Indian Institute of Technology Delhi global alumni endowment fund that will have an initial commitment of more than ₹250 crore, nearly half of which will come from Flipkart co-founders.
  
  
• For the fund with an initial seed capital of ₹255 crore, IIT Delhi has set an aggressive target of raising ₹1,000 crore by 2020 and ₹7,000 crore by 2025, according to IIT officials.
  
  
• The initial endowment amount and commitments have been collected from around two dozen alumni, who are committing between ₹5 crore and ₹25 crore each, except Flipkart co-founders Binny Bansal and Sachin Bansal who have contributed ₹125 crore.
  
  
• Endowments globally have become integral part of the financial health of educational institutions and through this alumni are playing critical role in supporting and nurturing future generations of learners.
  
  
• In the latest QS World University ranking 2020, IIT Delhi was ranked at 182.