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 schools worldwide have billions of dollars in their endowments powered by their alumni.
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Spotlight
Message from the leadership
“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
PGP 1992
( 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 )
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
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Facilitated through IIMAEF
Pillars of Support
Our Corporate and CSR Partners
News Panel
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.
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
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.