Indian Institute of Technology Madras (IIT Madras) has raised an amount of Rs 231 crore in funding from alumni, industry and individual donors during the financial year 2022-23. As per IIT-Madras, this is the highest amount of funding raised in one financial year by the institute for implementing socially-relevant projects. As per the data shared by IIT-Madras, the fundraising has recorded a year-on-year growth of 76 per cent vis a vis Rs 131 crore in FY22). Moreover, the number of donors giving over Rs 1 crore has gone up by 64 per cent from the previous year. The funds were raised from alumni and individual philanthropists in addition to CSR funds and grants from Indian as well as MNCs. JEE Advanced 2023 | AIR 1 | AIR 2 | AIR 3 | AIR 4 | Female topper | Overall analysis | Seat matrix | Alumni and individual donors across India and globally alone contributed nearly Rs 96 crore for the development of the institute. Their focus areas included cutting-edge research across various social impact themes, infrastructure, scholarships for students, besides establishing Chair Professorships for research in specific areas. The last year also witnessed contributions coming in through batch reunions, some of which could not happen earlier due to the pandemic, as per IIT-Madras. The CSR segment witnessed a 56 per cent growth from the previous year with addition of 40 new partnerships in just the last year alone. The sectors that attracted top attention from donors include technology-driven initiatives in energy, environment, health and education besides collaborations for research under CSR.
