Azim Premji Tops India Philanthropy List 2020

Wipro’s Founder Chairman Azim Premji and his family have topped the EdelGive Hurun India Philanthropy List 2020 with contribution of Rs 7,904 crore. According to the seventh edition of EdelGive Hurun India Philanthropy List 2020, Ajit Premji has been the most generous philanthropist in India for 2020. He has donated Rs. 22 crore per day.
 
“Azim Premji Endowment Fund owns 13.6 per cent of the promoter’s shareholding in Wipro and has the right to receive all money earned from promoter shares. On 1 April 2020, Azim Premji Foundation (Rs 1,000 crore), Wipro (Rs 100 crore), and Wipro Enterprises (INR 25 crore) have committed INR 1,125 crore towards tackling the Covid-19 pandemic outbreak. These are in addition to the annual CSR activities of Wipro, and the usual philanthropic spending of the Azim Premji Foundation,” the press statement by EdelGive Hurun India Philanthropy List 2020 read.
 
“Azim Premji is a role model for Indian philanthropy and is continuing to inspire other entrepreneurs into giving,” Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said.
 
HCL’S Shiv Nadar, 75, ranked second with Rs 795 crore donation. As of 2019, Nadar has invested over $800 million through the Foundation, impacting over 30,000 students directly. Nadar’s wife, Kiran Nadar chairs the Kiran Nadar Museum of Art, India’s first private philanthropic art museum exhibiting modern and contemporary works from India and the subcontinent.

With a donation of Rs 458 crore by richest India Mukesh Ambani, who is the Chairman of Reliance Industries, came third. On March 30, Reliance Industries announced a donation of Rs 500 crore to the PM CARES Fund and Rs 5 crore each to the Chief Minister’s Relief Fund of Maharashtra and Chief Minister’s Relief Fund of Gujarat to support their fights against the Covid-19.
 
Kumar Mangalam Birla, who donated Rs 276 crore, ranked fourth in EdelGive Hurun India Philanthropy List 2020. On April 3, Aditya Birla Group donated Rs 400 crore to the PM CARES Fund and Rs 50 crore to FICCI-Aditya Birla CSR Centre for Excellence. Also, allocated Rs 50 crore for supplying N95 Masks, PPE’s and ventilators.
The fifth position is occupied by the founder and chairman of Vedanta, Anil Agarwal who donated Rs 215 crore. In September 2014 Anil Agarwal pledged 75 per cent of his wealth to charity. The foundation work towards education and computer literacy, vocational training, women and child empowerment, and community welfare.
 
The Founder Chairman of HCL Technologies, Shiv Nadar, and his family ranked second, followed by richest Indian Mukesh Ambani, the Chairman of Reliance Industries (RIL), in the third spot. Nadar and his family contributed Rs 795 crore for charitable causes while Ambani and family’s contributions stood at Rs 458 crore.

The fourth spot was secured by Kumar Mangalam Birla, Chairman, Aditya Birla Group, followed by Anil Agarwal, Chairman, Vedanta Group, in fifth spot. Mumbai topped the preferred city of residence for top philanthropists with 36 names from the city making it to the list. Delhi and Bengaluru followed as second and third cities, respectively.

Education remained the biggest cause supported by the donors in India. Healthcare and water conversation witnessed a spike in donations compared to last year. “Reports of this nature are rare, but give us deep insight into the philanthropic sector and the patterns of giving that are ever-evolving. This year, we also looked at our methodology very closely e ensuring we keep the process transparent and proactively invite leaders of a diverse group to participate in the list,” Vidya Shah, Chairperson and CEO, EdelGive Foundation.

Twenty-eight philanthropists entered the EdelGive Hurun India Philanthropy List 2020 for the first time. The top new additions in the list included S.D. Shibulal of Infosys with a donation of Rs 32 crore, followed by Amit and Archana Chandra of A.T.E. Chandra Foundation who donated Rs 27 crore.

Anas Rahman Junaid, MD and Chief Researcher of Hurun India, said: “The preferred cause of India’s top philanthropists has been education, although poverty alleviation has grown dramatically to become the second most popular cause this year.”

A statement said that Rohini Nilekani, who donates through Rohini Nilekani Philanthropies, is India’s “most generous” woman, followed by Anu Aga and family of Thermax. Binny Bansal is the only philanthropist under the age of 40 to enter the philanthropy list. (IANS)
 

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