IIT Delhi Endowment Management Foundation
Nonprofit Organization Management - New Delhi, Delhi, India
IIT Delhi Endowment Management Foundation Employees
IIT Delhi Endowment Management Foundation Details
IIT Delhi Endowment Fund - An IntroductionThe Indian Institute Technology, Delhi (IIT Delhi) is an eminent institute serving India and the world in the field of science, technology, humanities and management for over five decades. This institute remains an immense source of pride for all Indians. Since inception, IIT Delhi has produced over 52,000 graduates/post-graduates, comprised of distinguished alumni who are leading the way not just in science and technology, but in several areas like entrepreneurship, business, finance, politics, and social ventures in India and globally.Over the last fifteen years, IIT Delhi alumni have founded the highest number of start-up ventures in India compared to any other college graduates, and have cumulatively raised over US$ 14B of capital, almost double the amount of capital raised by the next best. Today, all IITs put together are the fourth-largest producers of unicorn start-ups in the world, right after Stanford, Harvard and University of California, with IIT Delhi Alumni leading the pack creating 15 out of 30 Indian unicorns.The objective was to launch a global alumni endowment fund wherein IIT Delhi alumni and others will contribute to an endowment fund which will be operated on the lines of such funds being run by leading universities of USA, i.e. Harvard, Berkeley and Stanford. Primarily, the money coming to this fund will be invested and the returns of this investment will be used by IIT Delhi. The final goal is to set up an endowment model at IIT Delhi that will achieve a significant corpus over a period of seven years from the date of its launch, creating a model that will generate maximum interest from its alumni, and leading to large Endowment Funds along with best-in-class structure, systems and processes. The fund will also have an enabling structure to build a sustainable and scalable endowment platform.
