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• The IISc Foundation is incorporated as a Non-Profit entity in the US and set up as a Non-Profit 501 c3 Foundation, managed by an independent Board of Directors for the sole benefit of IISc and its donors so that donations can be made through the Foundation to IISc in a Tax-exempt manner. It is organized under the Nonprofit Public Benefit Corporation Law for charitable
• The Foundation was formed in Feb 2022; It maintains an arms-length relationship to IISc and follows an independent governance model. The Terms of Engagement and MoU with IISc define this relationship and operation.

• The mission of the Foundation is to secure funding for promoting education, research, technology development, startup incubation/acceleration, and transformational research is the Indian Institute of Science (IISc) in Bangalore, India. The foundation will achieve its goals by providing financial and other resources for IISc.
• The foundation will raise donations, bequests, gifts, and grants from alumni, chapters, associates, individuals, benefactors, corporations, foundations, or trusts in the USA and across the globe, outside of India.

The Foundation will be building on the significant success achieved by IISc in the form of major donationsby the Bagchi, Parthasarathy and Isaac families toward the IISc Hospital project. These donations will offer a great springboard for the Foundation’s fund-raising efforts in the US.

With so many opportunities being presented to you, it can be hard to make an informed choice about where to make your contribution as a potential donor to IISc.  As an alumnus or corporate donor, you would want to make a connection with a cause that’s close to your core philanthropic priorities. If world-class education, research, and worldwide impact and scale appeal to you, you will want to turn your attention to IISc Foundation that is founded in values you can relate to and deliver tangible benefit to your philanthropic cause via IISc.

There is a Direct Need in the world and your community

There is great need all over the world. World-class research that has significant impact on the masses on a big scale can be supported by donations to IISc Foundation, established solely for the benefit of enabling IISc to deliver on that promise.

IISc Foundation Does the Leg Work for You

One of the biggest benefits in working with IIScFoundation is that you are alleviated from the burden of finding a trusted way to get your donation to IISc with a lot of transparency. With that “leg work” out of the way, you’ll find peace of mind that your contribution is going to a worthy project.

All you need to begin, is an idea of what type of project you want to support. You can contribute to the general research-enabling infrastructure of IISc or direct your donations to specific projects.

Provides a Sense of Community

When you donate to a IISc Foundation, you don’t just drop a cheque in the mailbox and be done with it, unless that’s what you want. Many people become immersed with the foundation, following updates via a newsletter, on social networks, or through some other point of contact and donor involvement program. You can be involved as much as you like, but there’s only one addendum – be prepared to gain a few new friends in the process!

Tax Benefits

Finally, is the financial benefit that comes to you. IRS rewards you for contribution in the form of tax deduction benefits that can be applied to your taxes at fiscal yearend.

IISc Foundation will provide you with a receipt that you simply provide to your accountant, and they’ll take care of the rest. It’s that simple.

The Foundation and IISc ‘s Office of Development and Alumni Affairs will work closely together to strengthen and grow the global network of IISc alumni and corporate donors.

The Foundation and IISc Alumni Association of North America (IISc AANA) will be working very closely to promote IISc and its various funding opportunities to US-based Alumni, High Net-Worth Individuals, Family offices and corporate donors.

• • Purchase of equipment for research and education at IISc and their maintenance costs.
  • establishment of teaching/reference and research facilities at IISc and their maintenance (including the hiring of technical staff). Journals, books, and databases for all IISc libraries at IISc.
  • Construction, infrastructure, purchase of biomedical equipment, software, and operational costs of hospitals established by IISc. 
  • Establishment of endowments that IISc may use for its future growth and maintenance.
  • Scholarships, fellowships, and internship grants for students attending IISc
  • health care and wellness measures for students attending IISc
  • Chair professorships and other endowed positions for faculty members of IISc
  • Travel grants for IISc faculty members and students
  • Visiting Chair professorships for visiting faculty members and researchers travel grants,and internships for visiting students

IISC FOUNDATION ( USA)

IISC FOUNDATION HAS BEEN SETUP IN THE US AS A TAX-
EXEMPT CHARITY UNDER IRS SECTION 501 (c3)
CONTRIBUTIONS MADE TO THIS FOUNDATION WILL ENJOY
TAX BENEFITS AS ALLOWED BY THE IRS UNDER SECTION
501 (c3)

IISC ( INDIA)

IISc IS A TRUST AND A CENTRALLY FUNDED TECHNICAL INSTITUTION, A DEEMED UNIVERSITY, AN INSTITUTE OF NATIONAL EMINENCE AND AN AUTONOMOUS BODY FUNDED BY MINISTRY OF EDUCATION, GOVERNMENT OF INDIA IISc IS EXEMPTED FROM THE PROVISIONS OF THE FOREIGN CONTRIBUTION REGULATION ACT
CORPORATE DONORS MAY AVAIL OF THE CORPORATE SOCIAL RESPONSIBILITY PROVISIONS
AS APPLICABLE. PERIODIC REPORTS WILL BE SUBMITTED AS PER CSR AND IRS RULES.