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    Charity begins in the classroom! When Ratan Tata and Indra Nooyi donated to universities

    Synopsis

    A look at top bosses who wrote a hefty cheque to foreign universities.

    ET Bureau
    Lakshmi Mittal recently donated $25 million to Harvard University's South Asia Institute, which will now be called the Lakshmi Mittal South Asia Institute. He is just one of the Indians who wrote a hefty cheque to foreign universities.
    1. Ratan Tata
    Donation: $50 million

    Image article boday


    In 2010, Ratan Tata and the Tata Group of Companies donated $ 50 mi l l ion to Harvard Business School (HBS). The money was used for building the Tata Hall, a seven-storey glass and limestone building spread over 163,000 sq ft. At present, this space houses the residential and learning space for HBS's executive education programme. Tata has often spoken about the impact Harvard University has had on him, and calls his time at the university the "most important weeks" of his life.

    2. Narayana Murthy
    Donation: $5.2 million

    Image article boday


    Narayana Murthy and his family donated $5.2 million to Harvard University and the Harvard University Press in 2010. Through the gift, Murthy and his son Rohan Murty established the Murty Classical Library of India, which publishes classics of Indian literature. Speaking about the project in an interview, Murthy had said, "I am happy that Harvard University Press is anchoring this publishing project."

    3. Naveen Jindal
    Donation: $15 million

    Image article boday


    In 2011, Naveen Jindal donated $15 million to his alma mater — the University of Texas. Recognising his contribution, the university decided to rename their school of management as the Naveen Jindal School of Management. Jindal had received an MBA from UT Dallas in 1992. He also became the first Indian alumnus from an American university to have an educational institution to be named after him.

    4. Indra Nooyi
    Donation: Undisclosed

    Image article boday


    In 2016, Indra Nooyi, the PepsiCo CEO, gifted an undisclosed amount to the Yale School of Management. She became the school's biggest alumni donor and the first woman to endow a deanship at a premier business school. "My experience at the Yale School of Management forever altered the course of my life," said Nooyi. "My gift to this wonderful institution pales in comparison with the gift that Yale gave me — the f u ndament a l understanding that leadership requires an expansive worldview and a deep appreciation of the many points of intersection between business and society." Previously, Nooyi made hefty contributions, including naming the Nooyi classroom and the Isaacson classroom in the memory of Professor Larry Isaacson.

    5. Chandrika and Ranjan Tandon
    Donation: $100 million

    Image article boday


    In 2015, Chandrika, sister of Indra Nooyi, and her husband Ranjan donated $100 million to the Polytechnic School of Engineering of New York University. The Brooklyn-based school was renamed as the NYU Tandon School of Engineering. Chandrika is a Grammy-nominated musician, while Ranjan works in the financial services industry. "Our tradition teaches us to give back. You can't take it with you... we are here to serve. This will have a ripple effect beyond one individual school, generations of students will benefit," Chandrika had said in an interview.
    ( Originally published on Oct 24, 2017 )
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