1. Modalities of Giving for Donors in India
For Donors within India there are 2 options to contribute to IIMA. They can either remit the money
through a wire transfer (through the website) or they can contribute offline via Cheque or DD.
For those choosing to contribute offline the details are given below:
- Through Cheque / DD
The contributions should be made directly to IIMA Endowment Fund. The cheques payable at par / Demand Drafts
should be drawn in the favour of ‘IIM Ahmedabad Endowment Fund’ along with a cover letter indicating:
- Fullname (name / entity for which 80G tax receipt will be issued)
- PAN
- Postal Address of the Donor (only Indian address with postal PIN)
- Confirmation note as part of the cover letter stating that the amount donated is towards the ‘Corpus of IIMA’ and specifically the 'IIMA Endowment Fund'.
The cover letter along with the cheque / DD should be addressed to: Manager – Donor Relations, IIMA Endowment Fund,
Endowment Fund Office, Ground Floor, Forum Tower, IIMA New Campus, Vastrapur, Ahmedabad – 380015 Gujarat
(India). The information can be sent via e-mail to: endowment@iima.ac.in
anddean-aer@iima.ac.in
Note: Please do not remit funds from NRO / NRE a/c’s.
2. For Donors in the US
For donors in the USA, donations received are tax deductible as a 501(c)(3) Tax ID No.: 22-3749107
(charitable or not for profit organization).
Funds can be transferred to IIMA Alumni Association USA as below:
- Through Cheque
| Sr No | Field Name | Details |
|---|---|---|
| 1) | Cheque is to be drawn in favour of |
"IIM-A Alumni Association” with a covering letter clearly specifying the purpose of the donation, the full name and the address of the donor |
| 2) | Mailing Address |
Ritesh Agarwal, 56 Great Oak Dr, Short Hills, NJ 07078. Email address: connect2ritesh9@gmail.com |
In case the donor wishes to send the donation through Wire transfer, please email Mr. Ritesh Agarwal @
connect2ritesh9@gmail.com for further instructions.
Please inform Mr. Ritesh Agarwal through email connect2ritesh9@gmail.com with copy to endowment@iima.ac.in
and
dean-aer@iima.ac.in mentioning the purpose of the donation, fullname and mailing address. If possible, please
attach a screenshot of the transfer.
The contributions would be to 501 c (3) USA (Tax ID No.: 22-3749107) Charity for tax purposes. A receipt would be sent
after your contribution is credited to the bank account. Subsequently, your contributed funds would be transferred to
IIMA.
Disclaimer: Taxation details should be run past tax advisors in your local jurisdiction as needed.
Note: Please do not remit funds from NRO / NRE a/c’s.
3. For Donors in the UK
For donors in the United Kingdom, tax effective giving to IIMA is possible to IIMA via the tax incentives as available
under Gift Aid. Donations are also eligible for employer matching programs.
To avail of the tax benefits, donations should be sent to IIMA Alumni Association London, which is a registered charity with UK charities commission # 1117664 & HMRC Tax id: 922/XT3019. Further details on Gift Aid, including latest tax relief rates is available on: https://www.gov.uk/donating-to-charity/gift-aid
To avail of the tax benefits, donations should be sent to IIMA Alumni Association London, which is a registered charity with UK charities commission # 1117664 & HMRC Tax id: 922/XT3019. Further details on Gift Aid, including latest tax relief rates is available on: https://www.gov.uk/donating-to-charity/gift-aid
Funds can be transferred to IIMA Alumni Association London as below:
- Bank Transfer
| Sr No | Field Name | Details |
|---|---|---|
| 1) | Account Number | 76231759 |
| 2) | Bank’s Name & Address | ICICI Bank UK Plc 45 South Road, Southall UB1 1SWA |
| 3) | Bank Sort Code | 30-01-28 |
| 4) | Remittance Comments (if provided by bank) | “(Purpose of the donation)” |
After the online payment, please inform Mr. Kaushik Suresh (kaushik.s1988@gmail.com) and Mr. Sanchay Singla
(sanchay.singla@gmail.com ) with a copy to endowment@iima.ac.in
and
dean-aer@iima.ac.in mentioning the purpose
of the donation, fullname and mailing address. If possible, please attach a screenshot of the transfer.
The receipt will be issued once funds have been received.
The UK chapter will be sending out a Gift Aid form, which the donor is requested to complete and send back to the UK
Chapter. This will help the charity claim tax incentives from the HMRC.
Disclaimer: Taxation details should be run past tax advisors in your local jurisdiction as needed.
Note: Please do not remit funds from NRO / NRE a/c’s.
4. For Donors from Other Countries
For donors contributing from all other countries (except USA and UK) through a foreign currency account: Donation may
be sent to IIMA’s FCRA account at SBI (account information/details pasted below). There is no tax benefit available on
these receipts with funds from abroad.
- Bank Transfer
| Sr No | Field Name | Details |
|---|---|---|
| 1) | Name of the Account Holder | INDIAN INSTITUTE OF MANAGEMENT AHMEDABAD - F.C. ACCOUNT |
| 2) | Account Number | 40069720103 |
| 3) | Bank’s Name & Address |
State Bank of India 11, Sansad Marg, New Delhi 110 001. |
| 4) | Branch Code No. | 691 |
| 5) | Swift No. | SBININBB104 |
| 6) | MICR Code | 110002087 |
| 7) | IFSC Code | SBIN0000691 |
| 8) | Bank’s Email ID | fcra.00691@sbi.co.in |
| 9) | PAN No. OF IIMA | AAATI1247F |
| 10) |
Remittance Comments (if provided by bank) |
The foreign inward remittance should invariably contain following details: 1. FCRA Account number 2. Swift Code 3. Name of the Beneficiary 4. Name of Donor/ remitter 5. Account number of the donor/ remitter 6. Donor/ remitter's address 7. Donor/ remitter's Country of Residence |
Please inform endowment@iima.ac.in and dean-aer@iima.ac.in mentioning the purpose of the donation, full name and
mailing address and if possible, a screenshot of the transfer.
Disclaimer: Taxation details should be run past tax advisors in your local jurisdiction as needed.
Note: Please do not remit funds from NRO / NRE a/c’s.