Indian Institute of Technology Kanpur Foundation

Overview

The Indian Institute of Technology Kanpur Foundation is a U.S.-based nonprofit organization aimed at supporting the Indian Institute of Technology Kanpur (IIT Kanpur), a premier institution in India dedicated to high-quality education and research.

Mission and Goals

The foundation's primary mission is to mobilize alumni, enhance IIT Kanpur's branding, and provide alumni services. Additionally, it focuses on raising funds to contribute towards the betterment and growth of IIT Kanpur, supporting critical initiatives such as research, student scholarships, and infrastructure development.

Purpose

IIT Kanpur Foundation is designated as a 501(c)(3) organization, which makes donations to this entity tax deductible. It falls under the category of educational institutions and related activities, aiming to foster academic excellence and innovation at IIT Kanpur.

Key Donors

Notable donors include prominent alumni like Rakesh Gangwal, Narayana Murthy, Muktesh Pant, Dev Joneja, and Sudhakar Kesavan, among others. Their contributions are pivotal in supporting IIT Kanpur's initiatives and ambitions.

Impact

The foundation plays a crucial role in shaping IIT Kanpur's future by addressing its most pressing needs and ensuring that the institution remains at the forefront of higher education globally. Through the foundation, alumni and supporters can contribute to various causes, including scholarships for economically disadvantaged students and community welfare programs.

Funding Structure

As a nonprofit, the foundation relies heavily on donations and contributions from its supporters, with a significant portion of its revenue coming from these sources. It leverages these funds to support a variety of programs and activities that benefit IIT Kanpur's academic community.

External Partnerships

The foundation also partners with international organizations to facilitate cross-border giving, making it easier for donors worldwide to support IIT Kanpur. This includes collaborations with entities like Myriad Australia, which helps streamline donations from other countries.

Financial Overview

In recent years, the foundation has seen significant financial growth, with contributions forming the bulk of its revenues. It maintains a strong asset base without liabilities, ensuring financial stability and sustainability for its future projects.

Overall, the Indian Institute of Technology Kanpur Foundation acts as a vital bridge between IIT Kanpur and its global network of alumni and supporters, facilitating financial and strategic support to further the institution's mission.