The Indian Institute of Technology, Madras, has raised 135% more funds in 2023-24 than in the previous financial year, Institute director V. Kamakoti, said here on Wednesday.
Of the ₹513.38 crore received in 2023-24, the alumni had pitched in with ₹368.19 crore while ₹95.53 crore came through corporate funding. Philanthropic grants made up the rest ₹49.64 crore, he said.
In 2022-23, the institute raised ₹231 crore; in 2020-21 it was ₹101.2 crore while it rose to ₹131 crore in 2021-22. The donations in the financial year 2023-24 have been made by 1,072 donors, including 960 alumni and 112 corporate partners.
