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How to Donate - Indian Residents

Go IITB: Countdown to the Last Few Days of Annual Giving by Alumni

Two points to ponder over  

  • Only 5,000 of IIT Bombay’s alumni from over 37,000 have ever donated to their Alma Mater. If all of us had donated a minimum of Rs 10,000/year, it would have provided IIT Bombay an unrestricted endowment of almost Rs 40 crores per year. 
  • The top 10 US universities in the US have endowments in excess of $ 100 billion. In comparison IIT Bombay’s alumni donations raised Rs 15 crores last year.

Why participate in annual giving through Go IITB

Your donation will support IIT Bombay’s core needs. From financial aid, to teaching and research, to Hostel maintenance, your generosity can touch every aspect of IIT Bombay. You can find out more about the initiatives you can support by scrolling down to the bottom of this page.

 

It is not too late to do your bit to sustain excellence
 

If IIT Bombay is to be counted amongst the best in the world then it needs more support from you. India residents can donate to the Go IITB campaign and avail year end 100% tax deductions.  For any queries, please feel free to email us at giveone@iitbombay.org

HOW TO DONATE - INDIAN RESIDENTS

 
Note that you can donate funds for any of the Giving Opportunities listed below, including past Legacy Projects or any cause that you are passionate about.  Please remember to indicate the specific giving opportunity that you wish to support with your funds. You can specify the designated purpose on your cheque or use the fields provided in the online donation process, or write to iitbaa [at] iitbombay.org (for Indian Rupee donations) specifying the cause you are supporting.
 
Read the Fund Utilization Report link.jpg and IITBAA Annual Report link.jpg to see how past alumni donations have been put to good use. And be sure to check into company matching programs which can often double or triple your gift.
 

CREDIT CARD

 
Important Note: The webpage http://iitb.ac.in/donations where the above link will re-direct you is not encrypted via SSL. We suggest that you only input the required fields such as first and last name etc. on this page, and not input your PAN number which is an optional field. However, all the Credit Card, Internet Banking, and Debit Card options offered subsequently are secured with SSL encryption. You can always confirm whether a page is truly secure and encrypted by right-clicking on the page contents, and selecting "Properties" or "View frame info" or "View page info" etc. depending on the Internet browser you are using.

CHEQUE

Please remember to provide written instructions about the specific giving opportunity link.jpg that you want to support when you donate funds by cheque.
 
Indian Residents should send cheques written in favour of
"Registrar, IIT Bombay" to:
IIT Bombay Alumni Association
Alumni Centre
1st Floor, Gulmohar Building
Indian Institute of Technology, Bombay
Powai, Mumbai 400076, INDIA
Tel: (+91-22) 2576-7019
Fax: (+91-22) 2572-3475
iitbaa [at] iitbombay.org
  

WIRE TRANSFER 

Indian Rupee Wire Transfers

Name: IIT Bombay Donation Account
Bank: State Bank of India, Powai, Mumbai
A/C No: 10725730111
Swift Code: SBININBB519
IFSC Code: SBIN0001109

GIVING OPPORTUNITIES

Young Faculty Award
4 years in operation,102 new faculty hires
Hostel  (HATS)
5 years in operation,150 Mess workers assisted. Hostel infrastructure improvement in Hostel,7,4,2 and 8.
(Please specify Hostel number)

Financial Aid Program (FAP)

Five years in operation. Over 1132 loans disbursed to 436 needy students amounting to Rs 2.12 crores in disbursals

Retired Faculty Wellness Fund (RFWF)

Second year of operation.132 retired faculty and their families (212 lives) covered with supplementary health insurance.

 

Scholarships

contact here for further details.

Student Development Fund

contact here for further details.

Faculty Development Fund

contact here for further details.

Institute Development Fund

contact here for further details.

Other (Please specify)

 

You may also choose to donate for one or more of the following initiatives by donating directly to IITBAA and avail of a 50% IT exemption.  Donations to IITBAA can be made by any of the following routes.

CHEQUE

Please remember to provide written instructions about the specific giving opportunity link.jpg that you want to support when you donate funds by cheque.
 
Indian Residents should send cheques written in favour of
"IIT Bombay Alumni Association" to:
IIT Bombay Alumni Association
Alumni Centre
1st Floor, Gulmohar Building
Indian Institute of Technology, Bombay
Powai, Mumbai 400076, INDIA
Tel: (+91-22) 2576-7019
Fax: (+91-22) 2572-3475
iitbaa [at] iitbombay.org
  

WIRE TRANSFER 

Indian Rupee Wire Transfers

Name: IIT Bombay Alumni Association
Bank: Canara Bank, Powai, Mumbai
A/C No: 2724101089574
Swift Code: CNR BIN BBBFN
IFSC Code: CNRB0002724

Benevolent Fund

 

INFORMATION AND RESOURCES FOR DONORS

Company matching programs | Frequently Asked Questions (FAQs) link.jpg

IIT BOMBAY: Fund Utilization Reports: 2006 | 2007 | 2008 |  2009 | 2010 | 2011 New

Indian Residents: 100% exemption from Income Tax is generally available under Sec. 80G (2) (a) (iii f) of the Income Tax Act. Please consult with your financial and tax advisors regarding your specific situation.

 

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