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Genesis Of IIMA Endowment Fund

In 2020, a group of like-minded alumni from IIMA came together to start the IIMA Endowment Fund (IIMAEF), a first-of-its-kind initiative for a B-school in India. Endowments are very popular globally, and most of the leading Read More
In 2020, a group of like-minded alumni from IIMA came together to start the IIMA Endowment Fund (IIMAEF), a first-of-its-kind initiative for a B-school in India. Endowments are very popular globally, and most of the leading schools worldwide have billions of dollars in their endowments powered by their alumni.
Endowments have long been a source of support to academic institutions. They are a dedicated and permanent funding source to maintain the Institution’s quest for excellence. Some of the best academic institutions in the world have access to the most significant endowment funds.

Academic Institutions in India long ago had a history of long-lasting excellence; institutions like Nalanda and Takshashila lasted for nearly 100 years as important centres of excellence. Modern India also needs its Institutions to follow the same path. Endowments, as a reliable source of funds, protect institutions against both internal and external shock and keep them on track of continued excellence.

Indian academic institutions have tremendous growth potential as their endowments are still nascent. The IIMA Endowment Fund exists solely in the service of the Institute. It aims to build a long-term, flexible source of funds powered by a self-replenishing and unencumbered corpus.
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“Endowment funds ensure financial health and help shape the growth and development of an academic institute over a long period of time.”

Pankaj R Patel
( Chairman, Board of Governors, IIMA )

“The strength of our endowment directly impacts our ability to provide outstanding educational opportunities and support groundbreaking research. It is a vital tool for ensuring that our institute thrives and evolves for future generations.”

Professor Bharat Bhasker

( Director, IIMA )

“Our endowment is a cornerstone of the Institute of Excellence's long-term strategy. It not only supports our current initiatives but also positions us for future growth and success, enabling us to remain at the forefront of academic and intellectual advancement.”

Deep Kalra

( Founder & Group CEO – MakeMyTrip,
Chairman IIMAEF Board )

“The vitality of the Institute of Excellence’s endowment depends on the collective support of our alumni. Your involvement not only strengthens our financial foundation but also reaffirms our shared commitment to fostering educational and professional growth for years to come.”

Professor Sunil Maheshwari
( Dean, Alumni External Relations, IIMA )

“An endowment is more than just a financial asset; it's a strategic necessity for the Institute of Innovation. It allows us to maintain our commitment to excellence and adaptability, enabling us to meet future challenges with confidence and agility.”

Chhavi Moodgal

( CEO, IIMA Endowment Fund )

Structure and Governance

structure and governance

Officially endorsed by the Board of Governors, IIMA, the IIMA Endowment Fund is an alumni- initiated action in conjunction with IIMA. This dedicated initiative aims to elevate and strengthen fundraising and philanthropic efforts at IIMA while giving due recognition to alumni and non-alumni contributors. The core responsibility of the Endowment Fund team encompasses the strategic management of donor relations, covering both the general and specific purpose contributions to IIMA.

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Impact of IIMA Endowment Fund

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Total Commitments to IIMA so far
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Commitments Raised Through IIMAEF
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New Donors Serviced & Managed through IIMAEF
0 + MoUs
Facilitated through IIMAEF
INR 0 + Cr
Total Commitments to IIMA so far
INR 0 + Cr
Commitments Raised Through IIMAEF
0 + New Donors
Serviced & managed through IIMAEF
0 + MoUs
Facilitated through IIMAEF
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    Endowment FAQs

    What is an Endowment?
    An endowment is a dedicated source of long-term funding, made up of donated gifts, that supports the mission and work of a philanthropic organization like a university. The endowment’s annual distributions are a critical source of funding for the Institute, creating a bulwark against uncertainty and allowing the Institute to focus on its long-term plans without financial challenges. In this way, the endowment bridges the gap between revenue that is brought in from tuition and research grants, and the critical costs associated with the Institute’s vision.
    Why is an Endowment Important?
    Academic Institutions can exist in perpetuity with the help of Endowments. Some of the best academic institutions in the world have access to the largest endowments in the world. Endowments, as a reliable source of funds, protect institutions against both internal and external shock and keep them on track of continued excellence. It aims to build a long-term, flexible source of funds powered by a self-replenishing and unencumbered corpus.
    What does the IIMA Endowment Fund Support?
    The IIMA Endowment Fund is set up to organise, streamline and recognise the giving made by alumni and corporations and to help create a formal, well-governed and professionally run structure through which they can contribute to IIMA’s future. The IIMA Endowment Fund exists solely in the service of the institution. It aims to build a long-term, flexible source of funds powered by a self-replenishing and unencumbered corpus.

    The vision of the IIMA Endowment Fund is to solidify IIMA’s global prominence in thought leadership, research, and academic excellence and achieve the next horizon of eminence. The funds raised by the IIMA Endowment Fund support strategic initiatives and projects that help achieve this vision. Primarily, the funds raised by the IIMA Endowment Fund will support 5 purposes:

    A. Student Support through Scholarships & Awards
    B. Faculty Support through the establishment of Research Chairs
    C. Research Support through the establishment of Centres of Excellence
    D. Growth, Expansion and Internationalisation including Infrastructure
    E. IIMA Endowment Fund General Corpus
    Are there any constraints on Endowment Funds?
    Donors have the option of contributing via a purposed donation, thereby restricting the utilisation of the funds to a specified purpose or the Donors can make unrestricted contribution to the IIMA Endowment Fund General Corpus which will be deployed at the Institute’s discretion on initiative and projects of strategic importance.