IIT Madras has received its biggest single donation ever, totaling Rs 228 crore, from alumnus Dr. Krishna Chivukula. This donation is one of the largest educational contributions in India.
In Short:
– IIT Madras receives its largest single donation ever of Rs 228 crore from alumnus Dr. Krishna Chivukula.
– A new academic block at IIT Madras will be named ‘Krishna Chivukula Block’ in honor of this donation.
– The funds will be used for scholarships, research grants, infrastructure development, and various programs, including international student support and sports scholarships.
Indian Institute of Technology Madras (IIT Madras) has been given its biggest single donation ever, amounting to Rs 228 crore, by Distinguished Alumnus Awardee Dr. Krishna Chivukula. This is one of the largest educational donations in India’s history.
To honor this significant contribution, IIT Madras has named a new academic block the ‘Krishna Chivukula Block’. The naming ceremony took place on August 6, 2024, and was attended by Dr. Chivukula, IIT Madras Director Professor V Kamakoti, Dean of Alumni and Corporate Relations Professor Mahesh Panchagnula, and other members of the IIT Madras community.
The donation will support various initiatives, including scholarships for international students, research excellence grants, an undergraduate fellowship program, a sports scholar program, and the development of the Shaastra Magazine. It will also fund the maintenance of the Krishna Chivukula Block and other related activities.
WHO IS DR. KRISHNA CHIVUKULA?
Dr. Krishna Chivukula is an esteemed alumnus of the Indian Institute of Technology Madras (IIT Madras), where he graduated in 1970. He is known for his significant contributions to both his field and to philanthropic endeavors, particularly in education.
Here are some highlights about Dr. Krishna Chivukula:
– **Educational Background**: Dr. Chivukula graduated with a degree from IIT Madras in 1970. His academic and professional achievements reflect his strong foundation in engineering and technology.
– **Career**: He has had a distinguished career in the engineering and technology sectors. Although specific details about his career achievements and roles are not widely publicized, his success and recognition are evident through his philanthropic contributions.
– **Philanthropy**: Dr. Chivukula is known for his generosity and commitment to supporting educational institutions. His donation to IIT Madras is among the largest ever received by the institution and represents a significant commitment to advancing education and research.
– **Recognition**: In acknowledgment of his contribution, IIT Madras named an academic block after him, the ‘Krishna Chivukula Block.’ This honor reflects his impact on the institution and his support for its mission.
Dr. Chivukula’s contributions are a testament to his dedication to fostering educational excellence and supporting the next generation of students and researchers.
**Comments from IIT Madras Leadership**
– **Professor V Kamakoti**: “That our alumnus still remembers his Alma Mater after several decades reinforces the fact that education is the only immortal wealth that we can give to mankind. Grateful to Shri Krishna Chivukula for his big contribution, which will benefit several future generations of students in their pursuit of knowledge.”
– **Professor Mahesh Panchagnula**: “Dr. Krishna Chivukula is not just a successful techno-businessperson but also an ideal alumnus. His humility and generosity will stand as exemplar characteristics for generations of alumni.”
– **Kaviraj Nair, CEO of the Office of Institutional Advancement**: “We are profoundly grateful to Dr. Krishna Chivukula, an esteemed alumnus of IIT Madras, for his extraordinary generosity and unwavering commitment to our institution.”
**Record Fundraising by IIT Madras**
– IIT Madras achieved a record fundraising total of Rs 513 Crore for the financial year 2023-24, marking a 135% increase from the previous year.
– The substantial funds were raised through contributions from alumni, individual philanthropists, corporate social responsibility (CSR) funds, and grants from corporate firms.
**Record Fundraising by IIT Madras**
– IIT Madras achieved a record fundraising total of Rs 513 Crore for the financial year 2023-24, marking a 135% increase from the previous year.
– Of this, Rs 367 Crore was raised exclusively through alumni contributions, representing a remarkable 282% increase from the previous year.
– The remaining funds came from individual philanthropists, corporate social responsibility (CSR) funds, and grants from corporate firms.
