EIN 77-0428724

IIT Bombay Heritage Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1996
Most recent tax filings
2022-12-01
Description
The IIT Bombay Heritage Foundation endeavors to promote education, scientific, and technological research activities at IIT Bombay. Its programs and services have been successful in providing grants to IIT Bombay for scholarships, excellence awards, and chairs. In 2022 alone, the foundation awarded over 651 continuing endowed scholarships and several chair professorships.
Total revenues
$3,951,115
2022
Total expenses
$2,895,699
2022
Total assets
$12,314,331
2022
Num. employees
0
2022

Program areas at IIT Bombay Heritage Foundation

Programs Services Accomplishment include the following Grants to IIT Bombay from the IIT Bombay Heritage Foundation in 2022SCHOLARSHIPS, EXCELLENCE AWARDS & CHAIRSOver 651 continuing Endowed Scholarships as well as numerous Chair Professorships were awarded in 2022.70 new Scholarship awards were made to students in various departments.A grant was made to support the to Financial Aid Program (FAP) at IIT BombayA grant was made towards the creation of the Prof. Rinti Banerjee Chair Visiting Chair Professorship at IIT BombayA grant was made towards the creation of the Kelkar Family Chair in Quantitative FinanceA grant was made towards creation of the Samir & Vinaya Kapoor Chair in Climate StudiesA grant was made to support Prof. D.M. Dhamdhere Chair Professorship for Excellence in Teaching Methods at IIT BombayA grant was made to support Prof. S. C. Sahasrabudhe (SCS) Teaching Excellence Award at IIT BombayA grant was made to support the Prof. N.R.Kamath Chair for Institute and ExcellenceA grant was made to support the Pamela and Shiv Khosla Merit Award at IIT BombayFACULTY AND STUDENT DEVELOPMENT GRANTS A grant was made to support the project conducted by Prof. Srinivasan Ramakrishnan from the Chemistry department at IITB.A grant was made to support the Young Faculty Awards (YFA)A grant was made to support the Gen Zero Women Project at IITB.A grant was made to support the Megan Kacholia Fellowship being provided to two Doctoral (Ph.D.) women students at IIT Bombay within the Centre for Machine Intelligence and Data Science.A grant was made to support the Summer Internship Program in the Chemical Engineering Department and Energy Department at IIT BombayFACILITIES, EQUIPMENT AND INFRASTRUCTURE DEVELOPMENT GRANTA grant was made to the Wadhwani Research Center for Bioengineering (WRCB) Phase II at IITBA grant was made to the Wadhwani Electronics Lab (WEL) at IITBA grant was made to support the Center for Machine Intelligence and Data Science, at IIT Bombay (CMInDS)A grant was made to the High-Speed Flow Diagnostic Lab in the Aerospace Engineering Dept. at IITBA grant was made to the Brijraj Chandra Mansingh Chemical Instrumentation Laboratory in the Department of ChemistryA grant was made to support the Maker Space Facility at IIT BombayA grant was made from the Maker Bhavan Foundation funds to support the Invention Factory Project at IIT Bombay.A grant was made to support the Econometrics Laboratory in the Department of Humanities and Social Sciences at IIT BombayA grant was made to support the online M.Eng program in Innovation and Entrepreneurship at Desai Sethi School of Entrepreneurship (DSSE), IIT Bombay.A grant was made to support the COVID-19 Assistance Fund at IIT BombayA grant was made to support the establishment of a collaborative learning classroom (CC) and an experiential learning lab (EL) at the Department of Electrical Engineering at IIT Bombay A grant was made to support the Alumni-led Hostel Reconstruction Project Evergreen (Phase 1) at IIT BombayA grant was made to the Class of 1980 Ruby Reunion Legacy Project to support the creation of a Design and Making Lab at IIT Bombay.WEB BASED SERVICESIn addition to the above grants, IIT Bombay Heritage Foundation provides the following services:Alumni Chapter Activities which include Professional, Networking and Social Events. Alumni web portal www.iitbombay.org which is feature rich. It provides a platform for alumni to interact individually and as a group. The new alumni portal allows alumni to connect with IITB related social media platforms. Facebook, Twitter and LinkedIn newsfeeds and links are provided on the platform.Google administered @iitbombay.org mailboxes.Chat Rooms, Bulletin Boards, Jobs Board, and Alumni Needs section on Alumni Portal.

Grants made by IIT Bombay Heritage Foundation

GranteeGrant descriptionAmount
Fidelity Investments Charitable Gift FundGrant for Various Charitabe Purpose$193,983

Who funds IIT Bombay Heritage Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$813,062
American Online Giving FoundationGeneral Support$393,038
Schwab Charitable FundInternational, Foreign Affairs$112,000
...and 16 more grants received

Personnel at IIT Bombay Heritage Foundation

NameTitleCompensation
Shamrao KattimaniTreasurer$0
Raj MashruwalaChairman / Director$0
Sreedhar KonaVice President / Director$0
Ankur ManakeVice - Treasurer$0
Suhasini SabnisPast Treasurer$0

Financials for IIT Bombay Heritage Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,623,241
Program services$101,033
Investment income and dividends$171,450
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$55,261
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$130
Total revenues$3,951,115

Form 990s for IIT Bombay Heritage Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-05990View PDF
2019-122021-04-02990View PDF
2018-122020-01-31990View PDF
...and 7 more Form 990s
Data update history
January 3, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Updated personnel
Identified 8 new personnel
January 2, 2024
Received grants
Identified 3 new grant, including a grant for $75,000 from Maker Bhavan Foundation
October 23, 2023
Received grants
Identified 2 new grant, including a grant for $47,850 from The Blackbaud Giving Fund
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
School foundationsGrantmaking organizationsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationTax deductible donationsNo full-time employees
General information
Address
21710 Stevens Creek Blvd 115
Cupertino, CA 95014
Metro area
San Jose-Sunnyvale-Santa Clara, CA
County
Santa Clara County, CA
Website URL
iitbombay.org/ 
Phone
(408) 252-1664
IRS details
EIN
77-0428724
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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