In 2020, a group of like-minded alumni from IIMA came together to start the IIMA Endowment Fund (IIMAEF), a first-of-its-kind initiative for a B-school in India. Endowments are very popular globally, and most of the leading
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“Endowment funds ensure financial health and help shape the growth and development of an academic institute over a
long period of time.”
Pankaj R Patel
( Chairman, Board of Governors, IIMA )
“Endowment funds ensure financial health and help shape the growth and development of an academic institute over a
long period of time.”
Professor Bharat Bhaskar
( Director, IIMA )
“Endowment funds ensure financial health and help shape the growth and development of an academic institute over a
long period of time.”
Professor Sunil Maheshwari
( Dean, Alumni External Relations, IIMA )
“Endowment funds ensure financial health and help shape the growth and development of an academic institute over a
long period of time.”
Chhavi Moodgal
( CEO, IIMA Endowment Fund )
Structure and Governance
Under the guidance of the IIMA Board of Governors, the IIMA Endowment Fund is managed by an independent Advisory Board consisting of initial alumni contributors and the Director and Dean (Alumni and External Relations) of IIMA. The Endowment Advisory Board oversees the key activities of the Fund through the “IIMA Ahmedabad Endowment Management Foundation”, a Section 8 (non-profit) company.
The Endowment Fund is now the Institute’s unified fundraising and philanthropic arm for all donations given to IIMA – individual, batch, corporate (including CSR), etc. The Fund is also responsible for donation documentation, donor relations, and reporting.