Endowment

The Founders have funded this scholarship with an endowment of US$8 Million (Eight Million U.S. Dollars), equivalent to approximately INR 51 Crores (Fifty One Crores Rupees). The operating budget will be funded from the interest and investment income realized from this endowment. This is a U.S.A.-based “Private Family Foundation” that does not accept third-party contributions. Over time, all of the Gupta family assets in India are expected to be donated to the Foundation to meet its current and future objectives.