Azim Premji, MD and Founder of Wipro Limited donated a humongous amount of INR 50,000 crores to the charity which sums his total value of the philanthropic donation to INR 1,45, 000 crores or 21 billion dollars.
While the world is disturbed with the coronavirus pandemic, a positive piece of news is all we need. Amidst the chaos of coronavirus, Azim Premji, MD and Founder of Wipro Limited donated a humongous amount of INR 50,000 crores to the charity.
Azim Premji is known for giving donations to help the less fortunate section to receive a good education. He has already committed 34% shares of his company to philanthropy. His recent donation of INR 50,000 crores sums his total value of the philanthropic donation to INR 1,45, 000 crores or 21 billion dollars – amongst the largest in the world. After making this humongous donation, Azim Premji is trending on twitter today.
Azim Premji Foundation released a statement: “The Foundation’s extensive fieldwork in education has been in some of the most disadvantaged parts of India, to help contribute to the improvement of quality and equity of the public (government) schooling system. All this work has been in close partnership with various State Governments. Currently, this fieldwork is spread across Karnataka, Uttarakhand, Rajasthan, Chhattisgarh, Puducherry, Telangana, and Madhya Pradesh, along with some work in the north-eastern states of India.’’
Azim Premji Foundation
Azim Premji Foundation was created in 2000 and is a non-profit foundation. The Foundation has focused on improving education in India, leading to the establishment of the Azim Premji University a decade after its founding. The aim of the Azim Premji University is to change the public education system rather than creating islands of excellence.
In 2014, Azim Premji Foundation started supporting not-for-profits by providing multi-year grants. Since then, the foundation has supported over 150 plus organizations pan India.
Azim Premji signed ‘The Giving Pledge’
Azim Premji, India’s second richest man was the first Indian to sign ‘The Giving Pledge’ started by American billionaires, Bill Gates and Warren Buffet to commit at least 50% of their fortune to philanthropic work. Premji gave away shares worth almost $7.6 billion as donations.
(This story has not been edited by Kashmir Today staff and is published from a syndicated feed.)