IIT Madras raises all-time high sum of Rs 131 cr from alumni, firms in FY22

Number of firms donating to IIT Madras via CSR route has almost doubled in past five years; account for nearly half the total Rs 131 crore raised last financial year.

Indian Institute of Technology Madras has raised an all-time high sum of Rs 131 crore from alumni, companies and other donors during financial year 2021-22 to further its philanthropic and socially-relevant projects.

Despite the Covid-19 pandemic, the fundraising from various donors has been increasing by over 30 per cent year on year. The number of firms donating funds to IIT Madras via CSR has almost doubled in the past five years. Fundraising from Corporate Social Responsibility (CSR) partnerships accounts for nearly half the total Rs 131 crore raised last financial year.

The institute aims to accelerate fundraising by strengthening alumni