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Bengaluru: Azim Premji commits Rs 53,000 cr more to philanthropy

28 views | Mar 14, 2019, 10:20:06 AM | TNN
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Wipro chairman Azim Premji on Wednesday announced an increase in his philanthropic commitment by Rs 52,750 crore ($7.5 billion), taking his overall commitment to his endowment to a humongous Rs 145,000 crore ($21 billion). This makes it one of the biggest foundations in the world. The Bill & Melinda Gates Foundation has investment assets of about $40 billion, and the Ford Foundation about $12 billion, according to the website Pensions & Investments. Premji’s largesse comes at a time when the ultrarich in India are giving less for social causes than they did five years ago, according to estimates by management consultancy firm Bain & Co in its recent India Philanthropy Report 2019.

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