WASHINGTON, DC– Fifty Indian-Americans have donated more than $1.2 billion to US higher education, according to a report by Indiaspora, is a nonprofit organization whose mission is to transform the success of Indian Americans into meaningful impact worldwide.
“Fifty individuals made 68 donations of one million dollars or more amounting to over $1.2 billion,” Indiaspora said in a statement. “Of these donors, nearly half are repeat donors indicating how passionately Indian Americans feel towards giving back to American institutions of higher education, in many but not all cases, their alma maters. Additionally, while the frequency of large donations has stayed fairly consistent since 2000, the dollar amount of donations has increased on average since then.”
Indiaspora has created database to keep abreast of Indian American philanthropic donations to higher education.
“The goal is to illustrate how Indian Americans, the most highly educated ethnic minority in America1, are giving back to higher education in their adopted homeland,” the statement said.
The database catalogs Indian American donations totaling US $1 million or more to American institutions of higher education since the year 2000. It includes donations, made to colleges and universities that have been publicly disclosed. Since smaller gifts are not tracked, this results in underreporting of the total contributions made by Indian Americans, but allows for consistent year-to year comparisons of donations.
M.R. Rangaswami, founder of Indiaspora, said, “While Indian Americans continue to donate time and money towards causes in India, our community also believes that charity begins at home. Indian Americans are acutely aware of the vital role played by American Institutions of Higher Education in their professional success stories, and many of us consider it a moral obligation to give back and pay it forward for the next generation of Americans.”
Seven of the 50 donors are Indiaspora members. These members include: Sumir Chadha, Desh Deshpande, Kris Gopalkrishnan, Raj Gupta, Deepak Raj, Anand Rajaraman, and Sanjay Swani.
“This demonstrates that Indian Americans are giving back to institutions of higher education in their adopted homeland of America, helping to contribute not only to their own communities, but to the United States as a whole,” the statement said.