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Ashoka University gets ₹250 cr grant from Harish & Bina Shah Foundation

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New Delhi: Ashoka University has received a ₹250 crore donation, the single largest such contribution the institution has got in its 10-year history, from the Harish & Bina Shah Foundation.

The grant takes the total commitments received by the private university in the National Capital Region to ₹2,606 crore. It will be deployed in tranches over five years to accelerate the university’s growth, university officials said.

“This unrestricted grant is particularly directed to our core – humanities, and will be utilised for research, hiring faculty and creating interdisciplinary research initiatives besides campus infrastructure development,” said Pramath Raj Sinha, cofounder and chairperson of the board of trustees of the university.

This makes it one of the rare and largest grants in the humanities discipline in India. Technology and science institutes in the country lead in receiving donations and endowments from alumni.

In June this year, Infosys cofounder Nandan Nilekani announced a ₹315 crore donation to Indian Institute of Technology, Bombay in addition to his previous grant of ₹85 crore.

IIT-Delhi too has received substantial donations from its alumni. In 2019, the institute announced an endowment fund with an initial commitment of ₹250 crore from 18 alumni including Flipkart founders Sachin Bansal and Binny Bansal. In 2021, it received $10 million (about ₹75 crore at the time) from Anant Yardi, president of US-based Yardi Systems.Last year, Sushmita and Subroto Bagchi and Radha and NS Parthasarathy, who were part of the founding team at IT services firm Mindtree, pledged ₹425 crore to Indian Institute of Science, Bangalore, to build an 800-bed multispecialty hospital along with a PG medical school. Quess Corp founder Ajit Isaac and wife Sarah later announced a ₹105 crore support to IISc to set up a centre for public health.

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