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Alumni Endowment Fund

The Alumni Endowment Fund was started in the year 2010 seeded with generous support from PGP Co 2004. The initial support to the fund also came from the PGP Co2010. It is an outstanding initiative by our alumni since endowments provide the most stable and sustainable source of funds to ISB. The Alumni Endowment Fund is even more important since the overall endowment levels for the school is not at par with other top schools and this lays the groundwork for us to propagate this initiative.

The purpose of the Alumni Endowment Fund is to provide financial stability to the school towards accomplishing its vision. The fund is utilized to support the school in the below three critical areas.

  • Research – To encourage research excellence at ISB by providing research grants to selected faculty at ISB.
  • Scholarships – To provide scholarships to needy and meritorious students and encourage excellence amongst ISB students and alumni.
  • Alumni/ Student connect to Industry – To support activities and events that provide a platform to students/alumni to connect with industry/government.

Matching Contribution from the School

The Alumni Endowment Fund has also been highly appreciated by our Executive Board. The Board has agreed to match every contribution to the fund with an equal contribution, until the fund reaches a corpus of INR 2.5 Crore (matched with another INR 2.5 Crore by the board).

How to give to the endowment

All contributions to the endowment are directed to ISB and invested as per government regulations i.e., FD, government bonds etc. Contributions to the endowment are tax exempted U/S 80G of Income Tax Act 1961.

How the contribution is recognized

Depending on the utilization agreed upon and the level of contribution, ISB will appropriately recognize the contributors. For example, the current scholarship is named "Alumni Endowment Scholarship."

Recognition Board

The School has set-up a recognition Board at AC7, Level 2 to recognize large contributions to the Alumni Endowment Fund subject to the below two criteria's.
  • Equal to and more than 1 lakhs INR for individual contributions.
  • Equal to and more than 10 lakhs INR for collective gifts.
Recognition Board

Usage and donors

It is expected that with more contributions, the level of endowment will continue to grow over the years. Depending on the fund level, the ISB, in consultation with ISB's leadership, Board, and alumni, will decide upon its utility towards the key priority areas of ISB. These will be published and communicated to the alumni community. Some examples of where funds may be utilised include facilitating research in a particular area, organising activities to reach out to the community at large and instituting scholarships, etc.

At current levels, the Alumni Endowment Fund is being utilised for the following

  • Alumni Endowment Scholarship
    • Applicable year: PGP 2012-13 onwards
    • Amount: INR 4 lakhs
    • No. of Scholarships: One
    • Basis for award: Need and diversity; essentially for prospective students who come from industry verticals or education backgrounds from the lower 5% of the previous class for students with < INR 10 lakhs of CTC per annum.
  • PGPMAX Class of 2012 Scholarship
    • Applicable year: PGP 2014-15 onwards
    • Amount: INR 5 lakhs
    • No. of Scholarships: One
    • Basis for award: Need based; applicants with a total family (including applicant’s) income of less than INR 10 lakhs of CTC per annum will be considered.
  • Nurture India Scholarship
    • Applicable year: PGP 2015-16 onwards
    • Amount: INR 6-7 lakhs
    • No. of Scholarships: One
    • Basis for award: Need based; applicants should have dependents who are not earning members.

Donors

The following classes have so far contributed to the endowment:

Donor Level of contribution
(in INR lakhs)
Class of 2004 12.60
Class of 2008 11.20
Class of 2010 23.98
Class of 2011 7.65
PGPMAX Class of 2012 36.97
Class of 2013 6.73
PGPMAX Class of 2013 13.61
Class of 2014 48.00