Genesis Of IIMA Endowment Fund
In 2020, a group of like-minded alumni of IIMA came together to create the IIMA Endowment Fund, a first-of-its-kind initiative for a management school in India. Endowments are widespread globally; most 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.
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.
Role of the IIMA Endowment Fund
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.
Since integrating with the erstwhile Development Office and kickstarting operations in June 2021, the IIMA Endowment Fund is IIMA’s unified fundraising and philanthropic arm for all contributions made to the Institute (Alumni, Corporate, CSR, etc.). Based out of the campus, the Endowment Team oversees fundraising, facilitates deployment, manages donor relations, and supports the Institute in donor reporting and documentation.
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. It is a mechanism to channel alumni participation and thus makes it a 360-degree approach.
As the unified fundraising and philanthropic arm of IIMA, the IIMA Endowment Fund is responsible for all kinds of contributions, individual, batch, corporate or CSR. Through all its activities and initiatives, the IIMA Endowment Fund has been instrumental in increasing donor engagement, fundraising discussions and MOU closures, deeper interactions with IIMA Faculty and fraternity, and industry and knowledge-building activities for all involved.
Since integrating with the erstwhile Development Office and kickstarting operations in June 2021, the IIMA Endowment Fund is IIMA’s unified fundraising and philanthropic arm for all contributions made to the Institute (Alumni, Corporate, CSR, etc.). Based out of the campus, the Endowment Team oversees fundraising, facilitates deployment, manages donor relations, and supports the Institute in donor reporting and documentation.
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. It is a mechanism to channel alumni participation and thus makes it a 360-degree approach.
As the unified fundraising and philanthropic arm of IIMA, the IIMA Endowment Fund is responsible for all kinds of contributions, individual, batch, corporate or CSR. Through all its activities and initiatives, the IIMA Endowment Fund has been instrumental in increasing donor engagement, fundraising discussions and MOU closures, deeper interactions with IIMA Faculty and fraternity, and industry and knowledge-building activities for all involved.
Structure & 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 extends beyond merely raising funds; it encompasses the strategic management of donor relations, covering both the general and specific purpose contributions to IIMA.
The day-to-day operations of the IIMA Endowment Fund are managed by the IIM Ahmedabad Endowment Management Foundation, a legally constituted entity under Section 8 (Non-Profit) of the Companies Act 2013. Comprising alumni contributors and key IIMA Leadership, including the Director and Dean (Alumni and External Relations) in an ex-officio capacity, the Foundation’s board oversees the seamless execution of its objectives.
Operating within a professional framework, the Foundation is committed to upholding a transparent governance model for the IIMA Endowment Fund. This model ensures compliance with legal standards and actively aligns with and furthers the overarching objectives of IIMA. The Foundation’s unwavering dedication to professionalism and transparency serves as a cornerstone, reinforcing its commitment to bolstering the financial resilience of IIMA and fortifying its global standing.
The day-to-day operations of the IIMA Endowment Fund are managed by the IIM Ahmedabad Endowment Management Foundation, a legally constituted entity under Section 8 (Non-Profit) of the Companies Act 2013. Comprising alumni contributors and key IIMA Leadership, including the Director and Dean (Alumni and External Relations) in an ex-officio capacity, the Foundation’s board oversees the seamless execution of its objectives.
Operating within a professional framework, the Foundation is committed to upholding a transparent governance model for the IIMA Endowment Fund. This model ensures compliance with legal standards and actively aligns with and furthers the overarching objectives of IIMA. The Foundation’s unwavering dedication to professionalism and transparency serves as a cornerstone, reinforcing its commitment to bolstering the financial resilience of IIMA and fortifying its global standing.